Disbursing My Direct Student Loans

When will my loans disburse?

Your loans will disburse according to the disbursement schedule which typically begins during the second week after the add/drop period has ended.

What if the term has begun and my loan funds have not disbursed to my account?

There are several reasons why your loan funds have not yet disbursed. Among the possible reasons are:

What happens when my loan funds are disbursed to my NLU student account?

Tuition and fees are paid and any excess funds will result in a refund to you or your parent in the case of a Parent PLUS Loan.  To view your NLU account information, check your NLU portal.

How will my credit balance or refund be disbursed to me?

National Louis University offers two methods of refund delivery. Paper check is the default option for receiving your refund. We also offer direct deposit to your checking or savings account.

What happens to my loans if my enrollment status changes?

If your enrollment status changes, NLU will review your financial aid package and adjustments may occur. If you drop below half-time student status, you are not eligible for any loans.

How can I view my loan status and when my loan posted to my account?

Information from the Department of Education regarding your Direct Loan is available at: https://studentloans.gov.

How can I cancel my loans?

A written statement needs to be either faxed to: 847-465-5894 or emailed to: studentfinance@nl.edu. The email must be sent directly from the student's NLU email address.

How can I get more information on student loans?

Read more about loans, including terms and conditions, at the Department of Education’s website: https://studentaid.ed.gov/sa/.

Locations

  • CHICAGO DOWNTOWN CAMPUS

    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
    Info » | Directions »

  • ELGIN

    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
    Info » | Directions »

  • NORTH SHORE

    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
    Info » | Directions »

  • LISLE

    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
    Info » | Directions »

  • WHEELING

    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
    Info » | Directions »

  • FLORIDA (TAMPA)

    Established in 1988 and located in one of Tampa's major business districts, NLU's Florida Regional Center serves students in 13 counties in central Florida. In addition to its classrooms, the National Louis University Tampa Regional Center features a computer lab, student lounges, and conference room.

    5110 Sunforest Drive, Suite 102
    Tampa, FL 33634
    (800) 366.6581
    Info » | Directions »