Federal Student Loans
Educational loans from the federal government, typically at low interest rates, are based in part on your cost of attendance and the specific eligibility criteria you meet. They must be re-paid, with interest, upon graduation or if you are no longer enrolled at least half-time.
- The Federal Stafford Subsidized Loan is a need-based low-interest loan available to undergraduate and graduate students enrolled at least half time.
- The Federal Unsubsidized Stafford Loan is intended to help students that do not qualify for need-based aid, or for whom need-based aid is not sufficient to meet education-related expenses.
- The Federal Perkins Loan is a low-interest loan for undergraduate students. NLU is the lender and your loan is comprised of government funds with a share contributed by the University. The amount you may receive depends on your financial need, the amount of other aid you receive, and the availability of funds.
- The Federal PLUS Loan is a loan for graduate students as well as the parents of dependent undergraduate students, based on their creditworthiness. The loan is not based on financial need and the borrower determines the amount of the loan up to the cost of attendance.
For more information about any of these federal loan options, click on MY NLU FINANCIAL AID ADVISOR.
Private Loan Options
Student loans are also available through private lenders. Eligibility is based on the creditworthiness of the borrower or co-signer. These loans are not part of any federal government program. Contact your lender directly with any questions you may have about the loan’s specific terms and conditions.
