Federal Loans

Types of Federal Loans

You may wish to consider paying for some of your NIU expenses with federal loans, which are funded by the federal government. You must be enrolled at least half-time to receive loans (other aid may be available if not enrolled half-time). There are several types of federal loans for which you may be eligible.

If you’re a current NIU student who has a Federal Perkins Loan, contact us for more information.

Entrance Counseling and Master Promissory Note

For first-time borrowers of a Direct Student Loan, a student must complete entrance counseling and sign a Master Promissory Note, which is your loan agreement in which you promise to repay your loan(s) to the U.S. Department of Education.

Don't forget this step! Your loans will not be disbursed until it is complete.

National Student Loan Data System

You can view the total amount of federal loans you have borrowed on the National Student Loan Data System (NSLDS). This site displays information on your loan amounts, outstanding balances, loan status and loan servicer. Students and parents of students who agree to utilize a federal student loan will have their information submitted to NSLDS. This system is accessible to authorized users at guaranty agencies, lenders and institutions in addition to students.

Contact Us

Financial Aid and Scholarship Office
Swen Parson Hall 245

For scholarship-specific questions


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