Student Loan Process

Federal STAFFORD Loan (Subsidized and Unsubsidized)

Application Process:

  • Complete the FAFSA to find your eligibility for the Stafford Loan.
  • Sign your Award Letter to accept your offer of the Stafford Loan.
  • All students receiving federal loans must complete Entrance Counseling and Master Promissory Note online at (This is only completed once as an undergraduate)

Federal PARENT PLUS Loan

Application Process:

Federal GRAD PLUS Loan

Application Process:

  • Graduate students must complete the FAFSA to be eligible for the Grad PLUS Loan.
  • Students must complete the PLUS Loan Credit Check Application (found online at The Credit Check Application is good for 90-180 days.
  • First time borrowers of the Grad PLUS Loan at Northwest, must complete a Master Promissory Note (MPN) at
  • Complete the Grad PLUS Loan Request Form.

Private Student Loans

Application Process:

  • Apply directly through a lender’s website for a private student loan.
  • The lender will contact the Financial Aid Services office electronically to request certification of the loan. Then the Financial Aid Services Office will certify the loan (request the funds from the lender).
  • FastChoice is a loan comparison tool to help you find a private student loan that fits your needs.


Loan Disbursement Process

All student loan funds are sent to the university from lenders by Electronic Funds Transfer (EFT), and credit to the student’s account directly. Students are notified via e-mail when their loan funds have been disbursed.

To return loans that have already been disbursed to your account:
You have 14 calendar days to decline or reduce a loan from the date of the disbursement.
You must contact Financial Aid to return student loans.

For more information on Federal Student Loan Processing, visit