There are no deferments of principal or interest except when the student is enrolled at least half-time at Northwestern University. There are also a number of private outside agencies that can offer families additional sources of financing. Unless otherwise noted, the programs below allow parents to borrow up to the cost of attendance, minus any financial aid received by the student. Parents must demonstrate creditworthiness and an ability to repay. These programs allow for a maximum repayment period of 15 years.
All loans are variable-rate.
This is an annual supplemental loan. The borrower may choose to pay only the interest while the student is enrolled. Interest is adjusted quarterly. There is no application or origination fee. Principal on this loan is deferred while the student is enrolled.