The government does not pay the interest on an Unsubsidized Loan while you are in school. You will be charged interest from the time the loan is disbursed until it is paid in full. If you choose to borrow an Unsubsidized Stafford Loan a Stafford Loan Master Promissory Note will be sent to your permanent address from the Oklahoma Guaranteed Student Loan Program with the school and lender information completed. You should complete the student section and forward the application to your choice of lender. Loan funds will be disbursed to NSU and credited to your school account or released to you.
Loan amounts vary based on other types of aid being received and grade level.
If you have a Subsidized and Unsubsidized Loan , one promissory note can be used for both loans. To apply the parent must be able to pass a credit check and may not be in default on a federal loan. Repayment begins within 60 days after the loan is disbursed. If, after considering all other types of financial assistance, your parent would like to apply for this loan please let Student Financial Services know of your interest. A separate PLUS Loan Promissory Note is required.