Debt Management

The Aria Health School of Nursing is committed to making sure that its students succeed throughout their nursing college career and beyond.  In that effort, debt-management education is essential.  Students must realize the importance of sensible borrowing of student loans and the use of credit cards.  This understanding must start in their freshmen year and extend through graduation.  It is easy to borrow, but repayment can be difficult.  Aria strives to educate students on the importance of finding scholarships to replace student loans. Understanding and minimizing indebtedness benefits students after graduation. Repayment of student loans will ensure that future Aria students will be afforded the same benefits of financial aid.

Students must work to avoid default status in their loans.  Such an outcome with a loan can affect their credit options for the long term.

Responsible borrowing will help you:

  1. Establish credit.
  2. Secure future borrowing for homes, cars, and graduate school.
  3. Obtain credit cards.

These options are available to you:

  1. Deferments
  2. Forbearance
  3. Consolidation
  4. Loan Forgiveness
  5. Alternative repayment options.
  6. Default Rehabilitation

Neglect of your student loan responsibility may cause:

  1. Negative credit report.
  2. Wage garnishment
  3. Tax offset (seize of federal tax refund).
  4. Credit and Loan denial.

Borrowers Rights and Responsibilities

  1. You must notify your lender if you change your address, telephone number, or name.
  2. You must repay your student loans, even if you don’t graduate, can’t find a job after graduation, or aren’t satisfied with your education.

Helpful Websites:

  1. Help for borrowers currently in Default. Help is only a click away:
  2. Providing debt awareness for all student loan borrowers: www.youcandealwithit.com.
  3. Repayment Calculator: http://www.finaid.org/
  4. One stop site for students and parents with information on financial strategies, career options and college planning: http://www.mappingyourfuture.org/
  5. Manage your student loan account by accessing your loan profile: http://www.nslds.ed.gov/nslds_SA/

If you have any further questions, please contact the financial aid office at JGrover@ariahealth.org.


Aria Health School of Nursing
3 Neshaminy Interplex, Trevose, PA 19053