financial aid basics

LOANS

Title IV Federal School Code
001153


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Location

Bayramian Hall, first floor
(west of the Oviatt Library)
1-818-677-4085

Summer Hours, May 28-Aug. 16, 2013

Monday: 10 a.m.-4:30 p.m.
Tuesday and Wednesday: 10 a.m.-6:30 p.m.
Thursday: 10 a.m.-4:30 p.m.
Friday: 10 a.m.-4 p.m.

On June 3 and 17, and July 15, we will be open 8:30 a.m.-4:30 p.m.

On Wednesday, July 3, we will be open from 10 a.m. to 4:30 p.m.

Counseling Hours

Monday: 10 a.m.-3 p.m.
Tuesday and Wednesday: 10 a.m.-5:30 p.m.
(referral slip required from the first-floor financial aid window)

Please be in line at least 30 minutes before closing; hours are subject to change.

Related Links

FAFSA Application

Master Promissory Note

Interest Rates

Graduate PLUS Loan

Basics


Basics

Interest: Currently fixed at 7.9 percent. This loan is not subsidized by the federal government. Interest is capitalized and accrues while in school.

Repayment: Begins within 60 days of the final disbursement; there is not a grace period.

Eligibility


Eligibility Requirements

  • Students must be in a master's or doctoral degree program.
  • Students must be enrolled at least half time.
  • Students must be achieving satisfactory academic progress as established by the Northridge Financial Aid & Scholarship Department.
  • Students may borrow up to the full cost of your education as determined by the Northridge Financial Aid & Scholarship Department.

Application Process


Application Process

  1. A Free Application for Federal Student Aid (FAFSA) must be on file. Apply for other types of aid first; students must apply for the maximum amount in the Stafford loan programs before applying for a PLUS loan.
  2. Submit the PLUS loan request form under "Forms & Documents" for the current academic year to the Financial Aid & Scholarship Department. Do not use the "Request PLUS Loan" link found at StudentLoans.gov; Northridge does not accept PLUS applications submitted via StudetntLoans.gov.
  3. Complete the electronic Master Promissory Note (MPN).
  4. Complete Loan Entrance Counseling (LEC). Make sure you select the "Entrance Counseling" link.
  5. The PLUS loan award is subject to a credit decision from the Department of Education. If a PLUS loan is added to a student's award package, it does not guarantee loan approval.