After your award has been processed, you will receive a Financial Aid Award Notice e-mail directing you to view your award notice online via CAESAR. The award notice will list any loans that you are eligible to receive. This notice will be sent to your NU email address account. The message will be titled "Important 2009-2010 Northwestern Financial Aid Award Notice." The financial assistance offered to you will specify amounts for the following items: Monthly Budget Allowances
A standard educational budget is used for all students, and it covers the period of enrollment. The budget is a total based on: - The actual tuition rates for your program
- Average costs for room and board, textbooks/supplies, personal expenses, transportation, and loan fees. (Fees and textbooks/supplies will vary among programs)
- Entering Medical student budgets also include an allowance to purchase a computer
Total Family Contribution
The family contribution is determined using your family’s financial information as reported on the application documents you submitted, as well as your period of enrollment. Nonacademic Year (summer) Earnings
Northwestern University expects all medical students to be employed during the summer if they are not enrolled in course work. A portion of summer earnings should be saved as a contribution toward educational expenses for the coming academic year. This contribution will be waived only for unique circumstances approved by the Committee on Financial Aid to Students or for students enrolled during the summer months including M3 and M4 students. Accept, decline or reduce your financial aid award electronically. This must be done every time you receive a Financial Aid Award Notice e-mail from our office. Do not return the paper (PDF) award notice to our office. 1. Log onto CAESAR using your Northwestern e-mail account NetID and password.
2. Navigate to For Students > Financial Services > Accept/Decline Financial Aid Package. Select the appropriate aid year.
3. Accept, decline or reduce your financial aid award package.
4. Determine which, if any, loan materials you need to complete (details below).
5. When you submit your award notice electronically, we recommend that you select “yes” to the Statement of Authorization. You may rescind your authorization at any time by contacting the Office of Student Accounts. About the Statement of Authorization: Current federal regulations require that we obtain your authorization to use Title IV assistance (i.e., federal loans) to pay University charges other than tuition, fees, room and board. Such charges might include the student health plan, library fines, parking charges, room damage charges, and health service fees. Not providing the authorization means that you will have to make the payment for these charges yourself once you receive the refund of Title IV aid.
For the 2009-2010 academic year in addition to accepting or declining your award notice, you must also apply for your student loans directly with the lender. These detailed instructions below will guide you through the application process. Instructions for 2009-2010: Important notes: - You may not be eligible for the loans listed above. You may only apply for loans that are listed on your online award notice.
- Do not apply for any loans until you receive your Financial Aid Award Notice e-mail. Applying early will cause the processing of your loan applications to be delayed or cancelled.
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