Direct Stafford Loans

New! All Federal Direct Loans first disbursed on or after March 1, 2013, will have an increased Origination Fee. Starting March 1, 2013, Subsidized and Unsubsidized loan disbursements will have a 1.051% origination fee and PLUS loan disbursements have a 4.204% origination fee.

New! Interest Rates on Direct Loans. Interest rates on Direct Loans disbursed on or after July 1, 2013 have been set.

Undergraduate Direct Subsidized and Unsubsidized interest rates are set at 3.86%

Graduate Direct Unsubsizided loans are fixed at 5.41%.

Parent PLUS and Graduate PLUS loans have an interest rate fixed at 6.41%

Borrowers will begin to accrue interest on new Subsidized Loans during the six-month grace period. The Consolidated Appropriations Act of 2012 temporarily eliminates the interest subsidy on Subsidized Stafford Loans during the grace period. This applies to Subsidized Stafford Loans first disbursed July 1, 2012, through June 30, 2014.

Federal Direct Stafford Loans

The Federal Direct Stafford loan program allows students to borrow low-cost educational loans from the federal government. To be eligible for a Direct Stafford loan, students must be enrolled in a degree-seeking program at least half-time. Repayment of these loans begins 6 months after students leave school or fall below half-time enrollment. There are 2 types of Federal Direct Stafford loans: subsidized and unsubsidized. For detailed information about Direct Stafford loans, visit the U.S. Department of Education.

Subsidized Loan

The Subsidized Stafford Loan is need-based. Students must demonstrate need for this loan by completing the FAFSA (Free Application for Federal Student Aid). Students who qualify for Direct Subsidized loans are not charged interest while attending school at least half-time, during the six-month grace period (for loans first disbursed prior to July 1, 2012), and during deferments.

Unsubsidized Loan

Unsubsidized loan amounts are intended to help students that do not qualify for need-based aid or for whom need-based aid is not sufficient to meet educational expenses. For this loan, interest starts to accrue from the date of the disbursement.

*Many students receive both a Subsidized and an Unsubsidized Stafford Loan for the same period. The total of your combined Stafford Loans may not exceed the annual loan limit. For more information go to Student Aid on the Web.

Origination Fee 

Direct Subsidized and Unsubsidized Loans disbursed on or after March 1, 2013, are charged an origination fee of 1.051%.

Entrance Counseling

All students must complete Entrance Counseling. This is a preliminary step in the loan acceptance process that will help you understand your responsibilities regarding your loan before formally accepting terms and conditions for repayment in the Master Promissory Note (MPN) stated below. To complete Entrance Counseling please visit this website and complete this counseling online here.

*Please be advised both Entrance Counseling and the Direct Loan Master Promissory Note (MPN) must be complete, otherwise your Direct loan will not disburse.



    NLU’s Chicago campus on South Michigan Avenue occupies five floors of the historic Peoples Gas Building. This landmark building, across the street from the Art Institute of Chicago and Grant Park, is easily accessible by train, bus and car and is surrounded by restaurants, parking lots/garages and shops.

    122 S. Michigan Avenue
    Chicago, IL 60603
    (888) 658.8632
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    Conveniently located in a fast-growing business district off I-90 and Route 31, NLU Elgin features 10 classrooms with high-tech media equipment; a computer lab with high-speed Internet access; two conference rooms; and comfortable student lounges. Parking is free at this recently remodeled and upgraded teaching site, which now includes wireless Internet access.

    620 Tollgate Road
    Elgin, IL 60123
    (888) 658.8632
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    Opened in the summer of 2006, NLU North Shore at Skokie is a state-of-the-art modern campus located just off the Edens Expressway near the Old Orchard Shopping Center. The campus includes 44 wireless classrooms equipped with high-tech media equipment; four computer labs with high-speed Internet access, including a walk-in lab in the library; six conference rooms; a public café for beverages and snacks; a student welcome center; a library for research and study; and multiple, comfortable student lounge areas.

    5202 Old Orchard Road
    Skokie, IL 60077
    (888) 658.8632
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    Located just minutes from the East-West Tollway (I-88), NLU Lisle features 42 wireless classrooms equipped with high-tech media equipment; four computer labs with high-speed Internet access, including a separate walk-in lab in the library; a café for beverages and snacks; a student welcome center; a library for research and study; conference rooms; and six comfortable student lounge areas with wireless access.

    850 Warrenville Road
    Lisle, IL 60532
    (888) 658.8632
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    Located in one of Chicago's major northwest suburbs, the newly renovated NLU Wheeling includes 20 classrooms with high-tech media equipment, four conference rooms, four computer labs with high-speed Internet access, large student lounge areas with wireless capabilities and interactive video capabilities, and an extensive research library. The site also houses the university library research collection.

    1000 Capitol Drive
    Wheeling, IL 60090
    (888) 658.8632
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    Established in 1988 and located in one of the city's major business districts, NLU's Florida Regional Center serves students in 13 counties in central Florida. In addition to six classrooms, this location features a conference room, a computer lab with high-speed Internet access, an extensive research library and comfortable student lounges.

    5110 Eisenhower Boulevard Suite 102
    Tampa, FL 33634
    (800) 366.6581
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    NLU's Milwaukee campus has a proud history of serving graduate students in education in southeastern Wisconsin. Nearly one in five certified Wisconsin teachers looks to NLU for graduate education programs – more than any other university in the state. In addition to classrooms with high-tech media equipment, the campus offers a state-of-the-art computer lab with wireless Internet access and an extensive IDS research library.

    12000 West Park Place, Suite 100
    Milwaukee, WI 53224-3007
    (414) 577.2658
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