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Requirements

FAFSA

The Free Application for Federal Student Aid (FAFSA) must be completed annually to establish a student's eligibility for federal loans. The application may be completed and submitted online at https://fafsa.ed.gov/. Students who want their FAFSA data transmitted electronically to Northwestern University should enter School code 001739 online.

Verification

The federal government may require verification of certain items reported on your FAFSA before certification or disbursement of federal loan funds. Students selected for verification will be notified by our office.

Online entrance counseling

Entrance counseling is required by federal regulation for first-time borrowers at Northwestern University of Federal Direct Unsubsidized (Stafford) and Federal Direct GradPLUS Loans. Online entrance counseling covers the terms & conditions of Federal Direct Loans including estimated monthly payments under the various repayment plans. Students who have received their loan awards may check their To Do List on CAESAR for further instructions.

Master Promissory Notes

A separate Master Promissory Note (MPN) is required by federal regulation for first-time borrowers of Federal Direct Unsubsidized (Stafford) and Federal Direct GradPLUS Loans. Students who have received their loan awards may check their To Do List on CAESAR for further instructions.

Master Promissory Notes are usually valid for 10 years.

Exit counseling

Exit counseling is required by federal regulation for students who have borrowed any federal loans during their enrollment at Northwestern University. Students will be notified of this obligation upon graduating, dropping below half-time enrollment or withdrawing from the university.

Reporting of other aid

Students who receive other financial aid (such as assistantships or traineeships), must by law inform their financial aid office. If necessary, appropriate reductions will be made to any loan funds already approved or disbursed. Receipt of these additional funds may result in students having to return loan funds already disbursed.