There are various low-interest federal student loan programs available to Northwestern graduate students. If your total financial need cannot be met by grants, other campus-based aid or outside sources, you may apply for the federal student loan programs by first, submitting the FAFSA and completing the application process. University of Northwestern – St. Paul participates in direct lending through the U.S. Department of Education.
Unsubsidized Federal Direct Stafford Loan
This is a non need-based loan for which all students qualify. In this program, interest begins to accrue while the student is in school and continues to accrue until the loan has been repaid in-full. The interest may be capitalized to the principle amount borrowed or a student may choose to make payments on the interest while in school. Repayment begins 6 months after a student graduates, withdraws from school, or drops below half-time enrollment.
To Apply for Direct Stafford Loans
Federal Direct Stafford Loan Exit Counseling
Upon graduation, withdrawal from school, or dropping below half-time enrollment, students who have borrowed Federal Direct Stafford Loans will be required to complete Stafford Loan Exit Counseling at studentloans.gov.
Federal Graduate Loan for Students (Grad PLUS)
This is a government-insured loan made by the U.S. Department of Education to students pursuing a graduate/master's degree. The Grad PLUS loan is non need-based, and is intended to assist graduate students with meeting their educational related expenses not covered by other financial aid grants, loans, or scholarships. Approval is based on credit worthiness, and students may borrow up to the cost of education less other financial aid. Interest is paid by the student and there is no grace period. View the Grad PLUS Loan FAQ's for more detailed information.
Repayment starts within 60-days of disbursement of the funds. Students who wish to defer repayment until after they graduate should go to studentloans.gov.
To apply for a Grad PLUS Loan
Lender-sponsored private loans
Students who have not applied for financial aid should contact a counselor in the Financial Aid office prior to applying for a private loan.
Quick facts on private loans
Contact Financial Aid
Monday–Friday, 8 a.m.–4:30 p.m.
Did you know?
Your Financial Aid counselor can assist you as you sort through the ins and outs of different types of loans and will help you determine which, if any, are right for your situation.