Federal Nursing Loan Program

Federal Nursing Loans are low-interest, long-term loans made through the University to help undergraduate and graduate students pay post secondary educational costs.  Students must be enrolled at least half time and be admitted to the College of Nursing. The Nursing Loan is a federal loan (Health and Human Services), administered by PSU on a revolving loan fund basis, (i.e. while the fund is making loans to students, it is also receiving repayments of earlier loans). 

Interest Rate

The annual interest rate charged on the unpaid balance of the Federal Nursing Loan is 5%.

How to  Apply!

To apply for a Nursing Loan, file the Free Application for Federal Student Aid (FAFSA) for the Federal Financial Aid programs and complete a PSU data form (available through the PSU Financial Assistance or their website).   When completing the FAFSA, PSU's school code is 001926.  Priority consideration is given to those who file a FAFSA by February 15 and whose financial aid file is complete by March 15.

Grace Period

"Grace Period" is the period of time before the borrower must begin or resume repaying a loan.  The grace period is a period of time (generally nine months) that begins immediately after the borrower ceases to be enrolled as at least a half-time student.

Loan Repayment

Repayment of the Nursing Loan begins when the grace period ends.  Eligibility for a grace period depends on the type of loan that you received; consult your promissory note for the specifics of your loan.  At the time a borrower drops below half-time enrollment or leaves school, Pittsburg State University must complete an exit interview during which pertinent information and a repayment schedule are provided to the borrower.  The repayment schedule contains the number of payments, interest rate, and date of the first payment and frequency of payments. Loan payments are due on the 15th day of each month.  Monthly payment amount depends on the amount borrowed.  The repayment period may not exceed 10 years.

Loan Payments and Billing

      As payments become due, interest accrues on your unpaid balance at an Annual Percentage Rate of 5%.  Payments are based upon the total amount borrowed and are subject to a minimum of $40 per month.

      PSU has contracted with Education Computer Systems, Inc. (ECSI), an outside billing & processing company.  PSU is still the lender for your loan.  For your convenience, ECSI offers the following payment options.

  • Automated Direct Payment (ACH) (first, tenth, fifteenth or twentieth of the month). There is no charge for the processing of automated direct payments.
  • On-line Credit Card/Debit Card payment.  There is a nominal fee for this service.
  • Personal Check/Money Order-payable to Pittsburg State University.

Mail checks to:

Pittsburg State University

c/o ECSI

181 Montour Run Road

Coraopolis, PA  15108-9408

For any questions regarding your account, contact an ECSI customer service representative by:

  • Phone 1-888-549-3274
  • E-mail
  • Live Internet Chat

ECSI contact information can be found at https://www.ecsi.net/bwr/contacts.html

Borrowers may access their account information at http://ecsi.net  The school code for PSU is 5L.

Repayment Programs

The Nursing Education Loan Repayment Program (NERP) repays registered nurses' educational loans in exchange for service in critical shortage facilities located in areas experiencing a shortage of nurses.  The Health Resources and Services Administration (HRSA) accept applications annually.  For complete eligibility and application information, visit HRSA's website at http://bhpr.hrsa.gov/nursing/loanrepay.htm.

The National Health Service Corps (NHSC) offers loan repayment for primary care nurse practitioners and certified nurse midwives who have qualifying education loans and serve in a community of greatest need.  For complete information visit  http://nhsc.bhpr.hrsa.gov/applications/lrp.

Deferments and Forbearance

Under certain circumstances, students can receive a deferment or forbearance on their Federal Nursing Student Loan, as long as the loan is not in default.  During an authorized period of deferment, no interest accrues on the loan.  During an authorized forbearance, interest continues to accrue, however, and the student is responsible for paying the interest.  For more information on deferment and forbearance options, borrowers should contact ECSI at (888)549-3274.

Deferment and forbearance forms may be viewed at printed at the following website:


Important Information

You must contact ECSI or our office if:

  • You have a change in enrollment status (dropping below half-time enrollment, leaving PSU, or returning to PSU).
  • You have a change in name, address or phone number.
  • You need to request a deferment or postponement.  These forms can be accessed and printed from the ECSI website on the forms page.
  • You are unable to make your scheduled payments.


Cashiers and Student Accounts Office, Pittsburg State University, Pittsburg, KS  66762

Phone: 620-235-4164  Fax: 620-235-6056  Email: cash@pittstate.edu