National Student Aid Profile Overview Of 2012 Federal Programs - The best free software for your11/28/2016 Examples of this data in. Student Financial Aid. If you are a new borrower of a federal student loan. We promote participation in higher education by providing programs of assistance to help bridge the gap between the cost of. In 2012, a federal judge struck. Department of Education’s EHCY Program works together with many federal programs to serve children. Overview Information: Student Support Services Program. Information about Intergovernmental Review of Federal Programs under Executive Order 12372 is in the application. Student Aid Alliance; Networking. Grant and Scholarship Programs. National Venture Fund.Student Financial Services. What loans are available to graduate students? What is the difference between Subsidized and Unsubsidized Federal Stafford Loans? NOTE: As a result of the Budget Control Act of 2. Sec. 5. 02, subsidized Federal Stafford Loans are no longer available for graduate students effective June 3. The subsidized Federal Stafford Loan is awarded based on financial need using the Expected Family Contribution (EFC) generated by your Free Application for Federal Student Aid (FAFSA). The government covers the interest while you are enrolled at least half- time, during your grace period (for loans first disbursed before July 1, 2. July 1, 2. 01. 4) and during authorized periods of deferment. Although the unsubsidized Federal Stafford Loan is not need- based, you must still complete a FAFSA to confirm your eligibility for this loan. You are responsible for the interest that accrues from the time the loan funds are disbursed to your Student Account until the loan is paid in full. Payment of accrued interest is optional while you are in school. Unpaid interest will be capitalized (added to the loan principal) at the end of the grace period when you begin repayment. See the Federal Student Aid website for more information. Why do I need to complete loan entrance counseling? Federal regulations state that you must complete online entrance counseling before your Perkins, Stafford, or Grad. PLUS Loan funds can be disbursed. Even if you completed entrance counseling at another school, you must do so again as a new borrower at NU. Your To Do list on CAESAR will list the entrance counseling sessions that you must complete and will provide the correct URL to copy and paste into your browser. Those students who are awarded a Federal Perkins Loan, and have not previously completed entrance counseling through Campus Partners (the loan servicing agency for the Student Loan Office), will receive an email from Campus Partners providing instructions for completing their loan requirements online. How often do I have to apply for loans? You must apply for loans each academic year. For students enrolled in programs through The Graduate School (TGS) and the School of Communication (So. C), the academic year begins with the fall quarter and ends with the summer quarter. See Priority Dates and Deadlines for more information. How do I apply for federal loans? Each year you must complete the Free Application for Federal Student Aid (FAFSA) at www. Northwestern University (school code 0. We recommend using the convenient IRS Data Retrieval Tool to simplify the process. In addition to the FAFSA, all returning students and all Ph. D students (new and returning) must complete a Request for Student Loans form found in your CAESAR To- Do list. When do I apply for federal loans? We recommend that you file your FAFSA by May 1st. See dates and deadlines for more information. The FAFSA is year specific, so it must be completed for each academic year for which you would like to be considered for federal aid. It is based on your prior year's federal tax return. What if I haven't completed my federal tax return yet? Beginning with the 2. FAFSA uses your federal tax return from the prior, prior year. So the 2. 01. 7- 2. If this is not possible, you can use your best estimates of your income and tax information to complete the FAFSA. Once you have filed your federal tax return, you should adjust the FAFSA data online as needed. If you have questions, there is online help, or you may call 1- 8. FED- AID. What happens after I submit my FAFSA? Department of Education will confirm receipt of your FAFSA application by email (if you provided your email address) and provide a link to your online Student Aid Report (SAR). If you did not provide your email address, the SAR will be sent through the mail. The Student Aid Report (SAR) is a summary of the information you reported on your FAFSA. Review your SAR to ensure accuracy. Note: If you forgot to sign your FAFSA, you will receive a rejected SAR. If you listed Northwestern University as a recipient of your FAFSA data, we will receive the information electronically from the U. Department of Education within a week. You can confirm that your FAFSA was received by Northwestern by checking your To Do list on CAESAR. If your SAR does not list Northwestern University, you can correct this on the FAFSA website or contact the U. S. Department of Education will confirm receipt of your FAFSA application by email (if you provided your email address) and provide a link to your online Student Aid Report (SAR). If you did not provide your email address, the SAR will be sent through the mail. The Student Aid Report (SAR) is a summary of the information you reported on your FAFSA. You can confirm that your FAFSA was received by Northwestern by checking your To Do list on CAESAR. If your SAR does not list Northwestern University, you can correct this online or contact the U. S. Students who have created an FSA ID can electronically sign their FAFSA on the FAFSA website. Alternatively, students can print the signature page, sign it, and mail it to the Central Processor. Corrections and updates can also be submitted online or through the mail. How is the amount I can borrow in student loans determined? The amount you may borrow in student loans is based on your Cost of Attendance. The total of all federal and non- federal financial aid (from all sources) cannot exceed your Cost of Attendance. Use the Cost of Attendance Worksheet (select 2. When can I apply for a private student loan, and how is it different from federal loans? You can apply for a private student loan at any time. Some private lenders even offer loans for students who have left the university and have a recent past due balance. Federal loans cannot be processed once the student no longer has in- school status. Federal loans are funded through the U. S. Department of Education (DOE). The terms and conditions for private loans are set by the individual lenders. Federal loan terms are set by the U. S. Congress and offer more flexible repayment plans, deferments and loan forgiveness options. Interest rates for private loans are usually variable and based on the creditworthiness of the applicant and/or cosigner. Interest rates for federal loans are fixed (set by Congress). We recommend that you apply for federal loans (if eligible) prior to seeking a private loan. See the Federal Student Aid website for more information on federal vs. The lender is the institution from which the loan money is actually borrowed. For federal student loans, you can find the name(s) of your current loanholder(s) and servicing agents on the National Student Loan Data System. Private loans will be listed on your credit report. You can obtain a free copy of your credit report on the Annual Credit Report website. How do I choose a lender? Only private loans require lender selection. Federal Direct Stafford & Grad. PLUS loans are funded through the U. S. Department of Education (DOE) using funds obtained from the U. S. Once your loan funds have disbursed, your loan(s) will be assigned to one of several federal loan servicers. Federal Perkins Loans are also funded through the U. S. Department of Education (DOE). However, the funds are borrowed through the Northwestern University Student Loan Office and serviced by Campus Partners. Once you are registered, your tuition charges will post to your NU Customer Account and an invoice will generate with the next billing cycle. The new charges on the invoice are due on the first business day of the following month. Note: Other offices at the university also post charges to your NU Customer Account such as campus housing, parking permits, and library fines. An invoice may generate as often as once a month if there has been any activity on your NU Customer Account since the prior billing cycle or if there is a balance (credit or debit) other than zero. How do I access my bill? You will receive an email notification (at your Northwestern email address) when a new invoice is ready for viewing on Quik. PAY. The invoice will be mailed to the permanent address listed in CAESAR (Personal Profile) unless a separate billing address is created. Will my financial aid appear on the invoice? Tuition scholarships, fellowships, & grants, health insurance subsidies (if applicable) and student loan credits will all be listed as individual line items on your NU Customer Account and will appear on the first invoice that generates after the funds are entered in CAESAR. Your stipend (if applicable) will not be reflected on the invoice as these funds are paid directly to you through the Payroll Office. Any financial aid that has not yet been received (student loans for example) may appear on your invoice as anticipated aid until the funds are disbursed. You do not need to pay any balance that is covered by anticipated credit; your Adjusted Balance Due is zero or less. How do I pay my balance due? If the total charges on your tuition invoice exceed the total credits (actual and anticipated), the balance due is your responsibility. Payments can be made electronically (echeck), by check or money order through the mail, or in person at Depository Services (6. Clark). See Payment Methods for more information. The easiest way to make your payment is online via Quik. PAY. This service allows you to make convenient and secure electronic payments using bank accounts and credit cards* from banks located in the United States. To access Quik. PAY. Your To Do list on CAESAR will provide instructions for completing any outstanding requirements in the loan process. To Do items are updated to . Any outstanding requirements will appear on your To Do list on CAESAR.
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