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Loan Instructions

In addition to accepting a loan on your online award, each loan program requires additional application and promissory note material from the borrower. Below we have outlined the application procedures for each loan program. Students should also refer to their To Do Item History in CAESAR to determine which materials are required as well as to confirm receipt of these materials by the University.

Please note: Students who wish to borrow both a Direct Stafford and a Direct Grad PLUS Loan must complete a separate Master Promissory Note for each loan program.

1. Complete the MPN at the Direct Loan website. (New Stafford or PLUS Borrowers at Northwestern Only)
You will need to electronically sign the MPN at www.studentloans.gov. Under Master Promissory Note, please select "Complete MPN". You will then need to select "Subsidized/Unsubsidized" on the MPN Type Selection page. You will be guided through a 4-step process and will receive confirmation upon successful completion of your MPN. You will need the PIN used to complete your FAFSA which is issued by the Department of Education to sign-in to the site and to sign your MPN. Be prepared to include 2 references and your driver's license number. (If you completed a paper FAFSA and do not have a PIN you may request one at www.pin.ed.gov.) On your application, be sure to only select "NORTHWESTERN UNIVERSITY - DLID: G01739 633 CLARK STREET, EVANSTON, IL 602080001."

2. Complete the Entrance Counseling at www.studentloans.gov. (New Stafford or PLUS Borrowers at Northwestern Only)
Sign into the studentloans.gov website using your FAFSA PIN.  Select "Complete Entrance Counseling".  You will then be asked to identify yourself as an undergraduate or graduate/professional student.  Please make sure to select the correct status for the program you will be enrolled in when receiving your loans at Northwestern. (The academic level you indicate on the entrance interview should match the level you will be when receiving the loan rather than your 'current' status. For example, if you are currently an undergraduate, but will be a graduate/professional student at Northwestern for the upcoming year, please select "I am a graduate/professional student.") When selecting a school, be sure to select "NORTHWESTERN UNIVERSITY - DLID: G01739 633 CLARK STREET, EVANSTON, IL 602080001." when selecting your school name.

In addition to the information provided to students during the online entrance interview, we are providing information specific to students in particular programs below in order to help you understand all the terms and conditions of your loan as well as provide you with the necessary resources when questions arise regarding your federal student loans. Please select the appropriate link for your program of study to view important loan statistics for your school:

Evanston Campus
Undergraduate programs
Bienen School of Music - Graduate programs
Kellogg School of Management - Executive MBA Program
Kellogg School of Management - Full-Time MBA Program
McCormick School of Engineering and Applied Science - Professional Masters programs
Medill School of Journalism - Graduate programs

School of Communication - Professional Masters and Doctor of Audiology programs
School of Education and Social Policy - Professional Masters programs
The Graduate School

Chicago Campus
Feinberg School of Medicine - Department of Physical Therapy
Feinberg School of Medicine - MD Programs
Feinberg School of Medicine - Physician Assistant Program
Feinberg School of Medicine - Prosthetics/Orthotics
Kellogg School of Management - Part-Time MBA Program
School of Continuing Studies - Graduate programs
School of Continuing Studies - Undergraduate programs
School of Law

Northwestern University's Office of Financial Aid adheres to the Code of Conduct as established by the Higher Education Opportunity Act as well as the National Association of Student Financial Aid Administrators' (NASFAA) Statement of Ethical Principles and Code of Conduct for Institutional Financial Aid Professionals. View Northwestern University's Financial Aid Code of Conduct.

Federal Grad PLUS Loan

Your Financial Aid Office will only process the amount you have accepted on your online award. Grad PLUS borrowers must electronically sign a Master Promissory Note (MPN) on the Department of Education's website. The MPN is a multi-year document and does not need to be completed every year (unless your former Grad PLUS was approved with an endorser/co-signer, then you will need to complete a new MPN each year). All new Grad PLUS borrowers at Northwestern must also complete an online entrance interview. Please check your "To-Do" List on CAESAR and follow the necessary steps below.

1. Complete the MPN at the Direct Loan website.
You will need to electronically sign the MPN at www.studentloans.gov. Under Master Promissory Note, please select "Complete MPN". You will then need to select "Graduate PLUS" on the MPN Type Selection page. You will be guided through a 4-step process and will receive confirmation upon successful completion of your MPN. You will need the PIN used to complete your FAFSA which is issued by the Department of Education to sign-in to the site and to sign your MPN. Be prepared to include 2 references and your driver's license number. (If you completed a paper FAFSA and do not have a PIN you may request one at www.pin.ed.gov.) On your application, be sure to only select "NORTHWESTERN UNIVERSITY - DLID: G01739 633 CLARK STREET, EVANSTON, IL 602080001."

2. Complete the Entrance Counseling at www.studentloans.gov. (New Stafford or PLUS Borrowers at Northwestern Only)
Sign into the studentloans.gov website using your FAFSA PIN.  Select "Complete Entrance Counseling".  You will then be asked to identify yourself as an undergraduate or graduate/professional student.  Please make sure to select the correct status for the program you will be enrolled in when receiving your loans at Northwestern. (The academic level you indicate on the entrance interview should match the level you will be when receiving the loan rather than your 'current' status. For example, if you are currently an undergraduate, but will be a graduate/professional student at Northwestern for the upcoming year, please select "I am a graduate/professional student.") When selecting a school, be sure to select "NORTHWESTERN UNIVERSITY - DLID: G01739 633 CLARK STREET, EVANSTON, IL 602080001." when selecting your school name.

Federal Parent PLUS Loan

Federal Direct Parent PLUS Loans are unsubsidized loans available for credit-worthy parents of dependent undergraduate students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Please visit the Undergraduate Financial Aid website for application instructions. Undergraduate students applying for federal financial aid may also be eligible for a Federal Pell Grant. The award range for 2014-15 is $602-$5,730. More information regarding the Pell Grant program is available here.

Federal Perkins Loan (New Perkins Borrowers at Northwestern Only)

1. You will receive e-mail instructions from Campus Partners.
When your Perkins Loan is ready to be processed, information will be sent to your Northwestern e-mail account, directing you to complete the following materials on the iPROMise web site:

  • Entrance Interview
  • Perkins Loan Application
  • Master Promissory Note
  • Total Loan Indebtedness Disclosure (TLID)

You will not be able to log in to the website until you receive this e-mail.

2. Complete your loan materials at the iPROMise web site.
From the iPROMise home page, complete these steps:

  • Select "Illinois" from the list of available states.
  • Select "Northwestern University" from the list of participating institutions.
  • Fill out the student registration form.
  • Complete the Entrance Interview: Follow the instructions, reading all of the information presented and answering the questions.
  • Proceed to the Perkins Loan Application and Master Promissory Note and TLID.

3. Wait for your loan application to be approved.

Private Educational Loans

A number of private outside agencies offer students sources of financing their education. Application procedures for each lender will vary. The Office of Financial Aid does not endorse or promote any specific private lenders and only provides the information to assist students in their search for additional financing options. For more information on private loan options, please visit our Private Loan Information page.

Your private education lender will require you to complete a Private Education Loan Applicant Self-Certification Form. You should use the version the lender provides as it may contain pre-populated information, but you certainly may use this version if your lender does not provide you with one.