Loans
Loans are awarded after your eligibility for grants, scholarships, and Federal Work-Study (FWS) is considered. Your financial aid package may include loans in the form of need-based and/or non-need-based financial aid. Financial Aid (including loans) does not cover audit or non-credit courses.
You can view the total amount of federal loans you have borrowed on the National Student Loan Data System (NSLDS). The site displays information on your loan amounts, outstanding balances, and loan status.
Important Update: Effective for loans first disbursed on or after July 1, 2012, the law eliminates the authority of the Department of Education to offer any repayment incentives to Direct Loan borrowers to encourage on-time repayment of loans, including any reduction in the interest rate or origination fee. As a result, the up-front interest rebate that has been provided to Direct Loan borrowers at the time of loan disbursement will not be offered on any Direct Loan with a first disbursement date that is on or after July 1, 2012. The law continues to authorize the Department to offer interest rate reductions to Direct Loan borrowers who agree to have payments automatically electronically debited.
- Federal Direct Subsidized/Unsubsidized Loan
- Federal Direct Parent PLUS Loan
- Federal Direct Graduate PLUS Loan
- Federal Perkins Loan
Other Loans
More Loan Information
- Maximum Allowable Loan Amounts for Federal Direct Loans
- Direct Loan Master Promissory Note, Entrance Counseling, and Exit Counseling
- Perkins Loan Entrance Counseling
- Repayment Information for Direct Loans
- Accepting/Declining Loans on MyNIU
- Completing a Master Promissory Note - Tutorial
- Completing Loan Entrance Counseling - Tutorial