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Forgivable Loans

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Forgivable loans are a great way to help finance your education. Carefully review the requirements and application process of the forgivable loans listed below.

Beginning in the Fall 2022 semester, a limited number of tuition-only forgivable loans will be offered to students coming directly from high school pursuing a Bachelor of Science in Nursing (BSN) at Mercy College of Ohio. While the recipient is enrolled in the BSN program, the loan payments will be deferred. Upon the recipient’s graduation with a BSN and becoming successfully employed by Mercy Health in the Toledo Market (which includes Toledo, Defiance, Tiffin, and Willard), the recipients will be eligible to have their loan forgiven if the recipient works for Mercy Health for at least four years. Forgiveness will occur equally over a period of 48 months, commencing on the recipient’s first month of employment.

Mercy Health BSN Forgivable Loan Application Process

Apply for admission and be accepted into the BSN Program no later than May 31, 2022. Apply now.

Apply for Federal and State aid by submitting the 2022-2023 Free Application for Federal Student Aid (FAFSA) no later than May 31, 2022, at www.studentaid.gov. Mercy College’s school code is: 030970-00

Complete the Mercy Health BSN Forgivable Loan online application (deadline is May 31, 2022)

If selected, sign promissory note understanding upon graduation from Mercy College with a BSN degree, the Mercy Health BSN loan will be eligible for forgiveness over a four-year period after obtaining all necessary licensure and become successfully employed by Mercy Health in the greater Toledo market for a period of four years.

For more information contact:

The Nurse Education Assistance Loan Program (NEALP) provides financial assistance to Ohio students enrolled for at least half-time study in an approved Ohio nurse education undergraduate program. NEALP provides funding for nurses who intend to serve as instructors as well as students who intend to serve as nurses after graduation.

For more information or to complete the application online, please visit the NEALP overview on the Ohio Department of Higher Education's website.