What will my financial aid package look like?Northwestern University will offer loan assistance to cover 100 percent of your financial need as determined by our financial aid analysis. The cost of attendance for the 2011-2012 is $73,762. Below are very two very general examples of a financial aid package. In both examples the student is a citizen or permanent resident of the United States who does not have adverse credit. Example #1 The student is awarded a $24,000 ($6,000/year) NU Merit Based award. | | $6,000 | NU Merit Based Scholarship | | $8,500 | Subsidized Stafford | | $32,000 | Unsubsidized Stafford | | $27,262 | Grad Plus | | $73,762 Total Estimated Eligibility |
Example #2 The student did not qualify for need based grant funds but he/she can still borrow up to the full cost of attendance. | | $8,500 | Subsidized Stafford Loan | | $32,000 | Unsubsidized Stafford Loan | | $33,262 | Grad Plus | | $73,762 Total Estimated Eligibility |
Please note, the total estimated eligibility listed above is comprised of a combination of need-based Subsidized Stafford Loan) and non-need based (Federal Unsubsidized Stafford Loan and Federal Graduate PLUS Loan) assistance. The examples above are NOT a commitment of the loan assistance you will receive. Eligibility for specific assistance such the Subsidized loan is based on the information you provide on your FAFSA and will be determined by Chicago Financial Aid Office. Graduate PLUS is at the discretion of the Direct loan program and is based on your credit worthiness (and that of a co-signer if you are required to have a co-signer). |