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NU Loans

The Northwestern University Loan (NU Loan) is offered in financial aid packages for US and international students and parents of undergraduate students.

Students are encouraged to consider their federal aid eligibility before applying for the NU Loan.

As the department responsible for lending and servicing student loans, student loan representatives in Student Finance can answer questions regarding obligations or privileges under your loans, or any problems making your scheduled payments.

NU Loan Topics

Types of NU Loans

Our office serves NU Loans and Endowed Loans, available to undergraduates and graduate students, domestic and international students, as well as the parents of undergraduate students.

Borrower Obligations and Exit Interviews

Depending on your loan type, interest accrual and principal repayment timing may differ. When you graduate from or leave Northwestern, you’ll have an exit interview to review these obligations.

NU Loan Repayment

Repayment typically begins after you graduate or leave the university, following a grace period.

Loan Interest

Loan interest rates may vary and interest starts to accrue as soon as the loan is disbursed to your student account.

Loan Forbearance Requests

You can request a temporary forbearance if you are temporarily unable to make your scheduled monthly loan payments under certain circumstances.

Loan Terms and Conditions

NU Loan borrowers must follow certain terms and conditions and should review and understand these terms before taking out loans.