Students accepted to the UIW School of Nursing are eligible to apply for Nursing and Ralston loans. The Federal Perkins Loan Program expired on September 30th, 2017, and no funding is available at this time.
The Office of Financial Assistance determines eligibility for borrowing loan funds. Their office can be reached directly at 210-829-6008 or firstname.lastname@example.org.
Students must first complete the following before loan funds are credited to the account:
Promissory notes can be signed online at www.signmyloan.com
The University of the Incarnate Word is the lender for all Nursing Loans, Nurse Faculty Loans, and Ralston Loans.
No. However, late fees may be applied if you skip a payment, make a payment late, or only make partial payment. If failure to make payment persists, you will be subject to collections fees as well.
Payment for Ralston loans is due seven (7) months after graduating/leaving UIW. Payment for Nursing & Faculty Nursing Loans is due nine (9) months after graduating/leaving UIW. If you are enrolled at least half-time at another institution (Ralston Loan), or enrolled at another nursing school (Nursing/Faculty Nursing Loan) then you can request a payment deferment by contacting UAS.
If attending less than half-time, contact University Accounting Services to determine your grace period.
Your monthly installment amount will depend on how much was originally borrowed, but will not fall below $40 per month.
Yes. Under certain circumstances, you can receive a deferment or forbearance on your loan. Deferments/forbearance are not automatic, and you must apply for one through University Accounting Services (UAS) using a deferment request form. Request forms can be obtained by contacting UAS directly, or by visiting www.uasecho.com. You must file your deferment/forbearance request by the posted deadline or you will be responsible for late fees. For more information on payment deferment, contact UAS at (800) 999-6227.
Deferment allows you to temporarily postpone loan payments without accruing any interest.
Forbearance allows you to temporarily postpone or reduce payments. Interest will continue to accrue during the forbearance period.
Forbearance may be granted in up to 12-month intervals, for up to 3 years. Forbearance is not automatic; you must apply and provide supporting documentation along with your request. Additionally, you must continue to make scheduled payments until you receive notification that deferment/forbearance has been granted. You can download the forbearance request form at www.uasecho.com, or call UIW at 210-829-6084 to apply.
For information on loan cancellation, contact University Accounting Services at (800) 999-6227.
Yes. It is the borrower's responsibility to pay the loan regardless of whether a monthly statement is received.