Student loans, unlike grants, are borrowed money that must be repaid, with interest, just like car loans and mortgages. You cannot have these loans canceled because you didn’t like the education you received, didn’t get a job in your field of study, or because you are having financial difficulty. Loans are legal obligations, so before you take out a student loan, think about the amount you will have to repay over the years.

Subsidized Stafford Loan:
Available to students who demonstrate financial need. For a subsidized loan, the U.S. Department of Education pays the interest while you are in school at least half-time. For the first six months after you leave school. During a period of deferment (a postponement of loan payments)  the amount of your subsidized loan cannot exceed your financial need.

Unsubidized Stafford Loan:
Available to students who do not have financial need. You are able to borrow funds beyond your subsidized loan limit. The Department of Education does not pay interest on Unsubsidized Loans.

For an unsubsidized loan:
You are responsible for paying the interest that accrues on the loan from the time the loan is disbursed until it is paid in full. You can pay the interest while you are in school or during a period of deferment or forbearance. Or, you can allow the interest to accrue and have the interest added to the principal amount of your loan. (This means the interest will be capitalized.) Note that if interest accumulates, the total amount you repay will be higher than if you paid the interest as it became due.

The Post - 9/11 GI Bill is a new education benefit program for individuals who served on active duty on or after September 11, 2001.

When Can I Receive Benefits under the Post-9/11 GI Bill?
Post-9/11 GI Bill benefits are payable for training pursued on or after August 1, 2009. No payments can be made under this program for training pursued before that date.

Am I Eligible?
You may be eligible if you served at least 90 aggregate days on active duty after September 10, 2001, and you are still on active duty or were honorably-- -discharged from the active duty; or -released from active duty and placed on the retired list or temporary disability retired list; or -released from active duty and transferred to the Fleet Reserve or Fleet Marine Corps Reserve; or -released from the active duty for further service in a reserve component of the Armed Forces. You may also be eligible if you were honorably discharged from active duty for a service-connected disability and you served 30 continuous days after September 10, 2001.

Please download our full information packet regarding Veteran's Benefits by clicking here.

If a student is a veteran or is a dependent of a veteran, veterans educational benefits may be available.  Information about VA benefits from the Department of Veterans Affairs can be found through the Internet at www.gibill.va.gov or by calling 1-888-442-4551.  In addition, veterans and dependents may use the VA link in the Student Finance webpage at http://www.dni.edu/sfa_aid.aspx to find information useful for applying for VA benefits at DNI.

 

Veteran Educational Programs available at Dallas Nursing Institute are:

Chapter 30 (Veterans)

Chapter 31 (Veterans Disabilities)

Chapter 33 (Post 9-11 Veterans)

Chapter 35 (Dependents)

Chapter 1606 (Reservist)