A loan that is direct funding through the government and needs the pupil to own a completed FAFSA on file. Pupils must certanly be making Satisfactory Progress with NMU and enrolled at half time that is least (6 credit hours for undergraduate pupils and 4 credit hours for the graduate student per semester). These quantities should be limited by price of attendance restrictions and loan that is aggregate. This loan will undoubtedly be deferred whilst the pupil is enrolled in college at least half time status.

Please borrow responsibly by just borrowing things you need. Keep in mind that pupils would be accountable to settle all student education loans.

NMU Historical Direct Loan Use by Graduating Class

The normal quantity lent by graduates in scholastic 12 months. This doesn’t add student that is private use or Parent PLUS Loan borrowing.

Borrowers in Group

Normal Per Borrower

Federal Direct Loan Eligibility

DEPENDENT STUDENT

Parent information required regarding the complimentary Application for Federal scholar Aid (FAFSA)

(All loans are at the mercy of spending plan maximums)

INDEPENDENT SCHOLAR

No Parent information needed on the complimentary Application for Federal scholar help (FAFSA)

Direct Loan Awarding

As an element of your aid that is financial might be provided a William D. Ford Federal Direct Loan. Under the terms and conditions of the loan if you accept this loan offer, you will be borrowing money from the U.S. Department of Education and agreeing to repay it. Loan information will additionally be provided for the National scholar Loan Database System (NSLDS) and will be accessed by future schools, loan guarantee agencies, and loan providers. (more…)