Private loans

Many different lenders provide additional loan funding to help students cover college costs. Before pursuing a private loan, first consider your grants, scholarships, and federal student loans.*

Eligibility for private loans is based on credit-worthiness and ability to repay, not on financial need. Private loans are in the student's name, but most private loans require a cosigner.

Preferred lender list

The Northwestern College financial aid office is using FAST Choice, a loan comparison tool offered by the Great Lakes Higher Education Corporation, to display our preferred lenders. You do not have to use any of these lenders.

  • View the lender list
  • Click here to view the lender list. You will be directed away from Northwestern's website.

* We are required to disclose the maximum state and Federal Title IV grants and loan assistance available:

Pell Grant $5,550
SEOG Grant $4,000
TEACH Grant $3,760
Iowa Tuition Grant$3,840
Direct (Stafford) Loan $5,500 (freshmen); $6,500 (sophomores); $7,500 (juniors and seniors); independent undergraduate students can receive an additional $4,000 (freshmen and sophomores) or $5,000 (juniors and seniors)
Perkins Loan $5,500
Parent PLUS Loan Cost of attendance minus all other financial aid

 




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