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 lendor list. You will be directed away from Northwestern's website.
* We are required to disclose the maximum (federal) Title IV grants and loan assistance available:
| Pell Grant | $5,550 |
| SEOG Grant | $4,000 |
| TEACH Grant | $4,000 |
| 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 |
