Types of Aid

Federal Stafford Loan

There are two types of federally funded Stafford loans:

• Subsidized (Need-based)
• Unsubsidized (Non-need-based)

Subsidized

The federal government pays the interest while you're enrolled at least half-time and during periods of deferment.

• Eligible freshmen may qualify to borrow up to $3500.
• Students who have successfully completed 30 credits (sophomores) in their academic program may qualify to borrow up to $4500.

The interest rate is fixed at 6.8%. Repayment begins 6 months after the student ceases to be at least a half-time student.

Unsubsidized

The same loan as the Subsidized Stafford Loan, except that interest accrues while the student is in school.

Apply Online Now

Complete a Master Promissary Note (MPN) online:


OR request a paper MPN via email from the Financial Aid Office or by calling 307.754.6158.

NOTE

Before you can receive your first Stafford Loan disbursement, you must go through an entrance counseling session about loan rights, responsibilities and repayment.

All students leaving NWC who borrow a student loan must also complete an exit counseling session.