Federal Stafford Loan. This is a low-interest loan made to both undergraduate and graduate students attending school at least half time. Subsidized Federal Stafford Loan have an option to borrow an Unsubsidized Federal Stafford Loan. Subsidized Federal Stafford Loans are based on financial need, and the federal government pays the interest during in-school and deferment periods. Unsubsidized Federal Stafford Loans are not based on financial need, and the student is responsible for paying the interest from the date the funds are disbursed.
Applications are available from a variety of lenders.
Jobs are available through the residence halls, the University Libraries, Holmes Student Center, and most university departments where typists and clerical workers are hired. Student employees must be prepared to present original documentation to the Student Employment Office prior to the start of their employment contract. All students will be required to meet university payment deadline dates regardless of the status of their financial aid. Applicants for financial aid from NIU are considered for all programs for which they are eligible. Need is determined by subtracting the expected family contribution from the student's total educational expense.