Federal Subsidized Stafford Loan

Eligibility

Financial need

Amount

Amount varies based upon class standing:

Class Credits Amount
Freshman 0-29 $3,500
Sophomore 30-59 $4,500
Junior 60-89 $5,500
Senior 90 + $5,500

 

Aggregate Loan Limits (Students cannot take out a total of more than these aggregate amounts during their time in school):

  1. Undergraduate Dependent Stafford Subsidized and Unsubsidized limit: $31,000.
  2. Undergraduate Independent Stafford Subsidized and Unsubsidized limit: $57,500.

Renewal

Based on annual review of need.  Application required annually.

Terms

Payment of principal begins six months after the student ceases to be enrolled at least half time.  Interest is deferred while the student is enrolled at least half time.  Interest rates and loan fees are determined by the Federal Government and are subject to change per federal mandate. For an authoritative source on current interest rates and loan fees, visit studentloans.gov.

If you wish to participate in the William D. Ford Federal Stafford Loan Program, please sign your award letter, and  return it to the Financial Aid Services Office.  In addition, first-time borrowers at Northwest University must complete the Federal Direct Loan Entrance Counseling session and Federal Direct Loan Promissory Note online at studentloans.gov that will explain issues, rights, and responsibilities. Funds will be credited directly to the student’s account.

 

RETURN TO TYPES OF AID – UNDERGRADUATE NU KIRKLAND.

RETURN TO TYPES OF AID – NU SALEM.

RETURN TO TYPES OF AID – NU SACRAMENTO.

RETURN TO TYPES OF AID – CRIMINAL JUSTICE PROGRAM.