Obtaining Direct Stafford Loans

What’s the step that is first finding a Federal Direct scholar Loan?

The step that is first obtaining school funding.

Just how do I submit an application for educational funding?

• Step one would be to finish the complimentary Application for Federal scholar help (FAFSA) at FAFSA. Ed.gov for the present help year. This must certanly be done annually if you want to get aid that is financial.
• You have to record the school that is NLU 001733 for NLU to receive your FAFSA outcomes.
• In the event that you need help completing some of these actions above please call 888.658.8632 x5350.

Exactly exactly What papers have to complete the FAFSA application?

• Social Safety Quantity
• Driver’s License Information
• Alien registration quantity if you should be not just a U.S. Resident
• Tax statements through the past 12 months
• W-2’s from previous year

Do i need to finish a FAFSA to get student education loans?

Yes, you need to finish the FAFSA for the scholar Finance workplace to find out your aid that is financial eligibility.

That is qualified to receive educational funding?

Pupils that are completely admitted to a degree-seeking system and tend to be using classes which are necessary for their education. Pupils should be enrolled at half-time that is least to qualify for many educational funding programs including student education loans.

Just how do I understand if i will be getting that loan?

You will be sent an Award Notification Letter which includes the offer of figuratively speaking. Award letters are emailed to your read more NLU pupil current email address. The award letter will add financing Acceptance Form. Please follow most of the directions on the loan acceptance type and send it back towards the scholar Finance workplace.

Exactly what are the various kinds of loans?

There are two forms of Federal Direct student education loans, Stafford and PLUS loans.

Do i need to accept the complete quantity that is provided?

No. You will be provided your optimum loan eligibility. There is the solution to accept every one of the provided loans or an amount that is partial.

What are the other documents i must complete aside from the FAFSA and Loan Acceptance Form?

Yes, you need to complete Entrance Counseling and a Master Promissory Note (MPN) to enable the learning student Finance workplace to disburse the loans for your requirements. These can be completed online at studentloans.gov.

What’s Entrance Counseling?

It is a federal requirement that assists students realize their legal rights and obligations regarding their loans.

Do i must finish an entrance that is new for Direct loans?

All time that is first must finish Entrance Counseling. It is possible to finish it right right here: https: //studentloans.gov. We are going to get electronic notification which you have actually finished entry guidance 1-2 company days once you have done therefore online.

Just What if i really do not finish Entrance Counseling and I have always been a first and initial time debtor?

Your loans will likely not disburse until Entrance Counseling happens to be finished.

What’s a Master Promissory Note (MPN)?

A Master Promissory Note (MPN) is a contract/legal contract that you will repay the loan between you and your lender.

Do i must finish a Master Promissory Note (MPN) for Direct loans?

Yes, until you have previously finished a Federal Direct Loan Master Promissory Note (MPN) which hasn’t expired. Whenever you perform an MPN while having a loan disbursement within twelve months, the MPN is active for 10 years. You can complete the MPN right here: https: //studentloans.gov.

Imagine if I really do perhaps perhaps maybe not sign a Master Promissory Note?

Your loans will likely not disburse before the MPN happens to be completed.

Wemagine if I borrowed formerly through the FFELP Loan Program?

At the time of July 1, 2010, all loans are Federal Direct and you’re needed to finish A federal direct loan master promissory that is new Note.

CHICAGO DOWNTOWN CAMPUS

NLU’s Chicago campus on Southern Michigan Avenue occupies five floors of this historic Peoples Gas Building. This landmark building, next door through the Art Institute of Chicago and give Park, is effortlessly available by train, coach and vehicle and it is surrounded by restaurants, parking lots/garages and stores.

Conveniently positioned in a fast-growing company district off I-90 and Route 31, NLU Elgin features 10 classrooms with high-tech news gear; a pc lab with high-speed Web access; two meeting spaces; and comfortable pupil lounges. Parking is free at this recently renovated and upgraded training web web web site, which now includes cordless Web access.

NORTH SHORE

Exposed in the summertime of 2006, NLU North Shore at Skokie is a advanced campus that is modern simply from the Edens Expressway close to the Old Orchard shopping mall. The campus includes 44 cordless classrooms loaded with high-tech news equipment; four computer labs with high-speed online access, including a walk-in lab within the library; six meeting spaces; a cafe that is public beverages and treats; a pupil welcome center; a collection for research and research; and numerous, comfortable pupil lounge areas.

Situated just moments through the East-West Tollway (I-88), NLU Lisle features 42 cordless classrooms designed with high-tech media gear; four computer labs with high-speed Web access, including a walk-in that is separate in the collection; a cafe for beverages and treats; a student welcome center; a collection for research and research; meeting spaces; and six comfortable pupil lounge areas with cordless access.

Positioned in certainly one of Chicago’s major northwest suburbs, the newly renovated NLU Wheeling includes 20 classrooms with high-tech news gear, four seminar spaces, four computer labs with high-speed online access, big pupil lounge areas with cordless abilities and interactive video clip abilities, plus a substantial research collection. The website additionally houses the university collection research collection.

FLORIDA (TAMPA)

Created in 1988 and situated in one of Tampa’s major company districts, NLU’s Florida Regional Center acts pupils in 13 counties in main Florida. The National Louis University Tampa Regional Center features a computer lab, student lounges, and conference room in addition to its classrooms.