#student loan application
3-year student loan default rate
Federal Direct Loans – Guaranteed, Zero and Low Fixed Interest
All Federal Direct Loans are originated through the U.S. Department of Education. All student loan borrowers will be required to have a Direct Loan electronic Master Promissory Note and an online Entrance Loan Counseling session.
To avoid possible loan default and damage to your credit score rating, Northeastern strongly encourages you to borrow wisely and only the minimum amount you need to meet school expenses. Here is a brochure to help students understand credit.
As a default aversion strategy, borrowers with prior year default statuses have a one-year waiting period prior to certifying future Direct Loans. To appeal this institutional policy, a typewritten appeal must be submitted to the Director of Financial Aid.
Are You New to Direct Loans?
Are You a Continuing Borrower of Direct Student Loans?
The National Student Clearinghouse provides enrollment verification, deferment information and other important information. To view your borrower history, visit the National Student Loan Database System (NSLDS.gov) . Your borrowing history is also reflected on your NEIUport account if you are a current student.
Online Direct Loan Counseling and Process
Federal regulations require all recipients of Federal Direct Loans to complete an online loan entrance counseling session at www.studentloans.gov prior to receiving any loan funds.
Borrowers must complete an online loan exit counseling at www.studentloans.gov when graduating, withdrawing from school, or enrolling less than half-time (six credit hours). If you are graduating and have previous loan history, you must complete the exit counseling within 30 days of your graduation date.
- Complete your Direct Loan Entrance Counseling session. Once you have successfully completed the process, NEIU will be notified electronically.
- Print a copy of the Confirmation Page for your records.
- Complete a Direct Loan Request .
- Check the Current Student tab in NEIUport for updates on your loan request or follow up with the Financial Aid Office.