Northwestern Law is committed to offering a variety of financing options for our students. In planning your financing strategy, students should explore all available loan options and understand the benefits, terms, and responsibilities of borrowing loans.
The Chicago Campus Office of Financial Aid administers financial aid loan programs to eligible applicants. These programs include federal, institutional, and private educational loan programs. Private organizations offering educational assistance have their own eligibility criteria. The actual amount of financial aid you receive at the time of disbursement will depend on whether you meet all eligibility requirements for the awarded funds.
Any student who is in default of a federal loan or owes a refund to any federal program is ineligible to receive federal loan funds. Credit-worthy students may also apply for institutional and private loans after other sources of financial aid and personal resources have been exhausted. Students may borrow up to the cost of attendance excluding other financial aid. Northwestern Law strongly encourages first-time borrowers to begin the pre-approval process for private loans early. This allows time to resolve any issues on your credit report and to secure a co-signer if necessary.
To receive federal financial student loans, you must:
Students holding J1 or J2 exchange visitor visas or F1 or F2 student visas are not eligible for federal loan programs but may qualify for institutional and/or private educational loans. Students will be required to meet specific eligibility requirements for institutional and/or private educational loans.