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Federal Student Loans

Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans.

For more information on Direct Subsidized Loans and Direct Unsubsidized Loans please Federal Student Aid.

Loan Requirements

To accept loans offered on your award letter:

  • Log in to your CatPAWS account and accept loan(s).

  • Complete Entrance Counseling Session. As a first-time borrower at Northwest, you must complete an Entrance Counseling Session before student loan funds will credit to your student account. The Financial Assistance Office will electronically receive a list of those students who successfully complete the counseling.

  • Complete Master Promissory Note (MPN). This must be completed by first-time borrowers before loan funds are disbursed to your Northwest account. Allow approximately 3-5 business days after accepting on CatPAWS before attempting to complete the MPN.

  • Complete Loan Exit Counseling. Students who have received ANY federal direct loan funds during their enrollment at Northwest must complete an Exit Counseling Session before leaving the University if they will be graduating at the end of the current semester, transferring, or enrolled in less than half time (6 hours). You will use your FSA ID to access the Exit Counseling information.

Additional Loan Tools

  • Loan Simulator: This tool can help you calculate student loan payments and choose a loan repayment option that best meets your needs and goals. You can also use it to decide whether to consolidate you student loans. 

  • Deferment and Forbearance Navigator: If you qualify for a Deferment or Forbearance, you can temporarily suspend your payments.

  • Income-Driven Repayment Information: This tool allows borrowers to learn more about income-driven repayment plans.