All first-time borrowers must complete Stafford Loan Entrance Counseling and a Master Promissory Note (MPN) before receiving Federal Stafford Loan proceeds. When your loan that is last was ten years ago, you are going to need to complete Stafford Entrance Counseling at NLU. Many Federal Stafford Loan funds are delivered by Electronic Funds Transfer (EFT) to NLU, the profits are used being a credit to your pupil account within 5-7 business times of your planned disbursement date. For old-fashioned on-campus pupils funds are put on your student account 14 days following the beginning of the term (if the loans have already been certified ahead of that date). For Field and concentrate pupils, funds are planned for the very very first time of every term; please enable business that is 5-7 for this become published to your pupil account.
If the quantity you borrow is more than the total amount of your tuition/fees, the real difference will undoubtedly be refunded to you personally.
take note that reimbursement checks are prepared within 14 company times of the credit showing up on your own student account. Checks are printed/mailed twice an on tuesdays and thursdays week. In the event that funds are delivered to NLU by check, you may get a page in addition to paper sign in the mail to back endorse and return to NLU therefore it could be placed on your pupil account. Continue reading