Massachusetts No Interest Loan
The Massachusetts No Interest Loan (NIL) is a state-funded loan. Full-time, undergraduate students who are Massachusetts residents with need may be eligible to receive this zero-interest loan to assist meeting educational costs.

Apply for federal student aid early (by March 1st) to make sure you are considered for the NIL. Complete the Free Application For Federal Student Aid (FAFSA) online. Students who are awarded a NIL are required to sign a promissory note agreeing to all NIL terms and conditions, before the funds are applied.

NIL award amounts are determined according to financial need and the minimum initial NIL award a student can receive is $1,000, with a maximum award amount of $4,000 per academic year. NIL eligible students have a lifetime borrowing limit of $20,000. Students have a period of ten (10) years to repay their NIL loans.

Eastern Nazarene College
23 East Elm Ave.
Quincy, MA 02170
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