Loans

Loans are borrowed funds which must be repaid, with interest, after you are no longer a student. As college costs climb, many families find that supplemental borrowing by the student becomes an important resource to financing educational expenses. Please see "Are Loans a Good Idea?" for more detailed information.

Federal Stafford Loans
Available to all students as determined by the FAFSA who enroll at least half-time (3 credits/term), and are not in default on any other student loans. Stafford Subsidized loans have a fixed 6.8% interest rate, Stafford Unsubsidized loans have a fixed 6.8% interest rate, and payments do not begin until six months after a student graduates, withdraws from school, or falls below half-time status. A Master Promissory Note and Entrance Interview are required and will be completed with the Office of Financial Aid before your first semester at Northwest Christian.