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Current and continuing students: the financial information for the upcoming school year can be found on the portal at my.nnu.edu.

Direct Loans


Federal Direct Loans are made available to students by filing the FAFSA (Free Application for Federal Student Aid). Most students take advantage of various federal loan programs which are administered through the NNU Office of Financial Aid. We share your concern about college debt and are committed to counseling and educating students and their families about the best options available.

Federal Direct Loan Program

The Federal Direct Loan Program has been in existence since the early 1990s and provides two types of loans: Subsidized Loans and Unsubsidized Loans. A Subsidized Loan means that the government pays the interest on your loan while you are in school, in your grace period, or in deferment. See the table below for the current academic year's interest rate and fees.

An Unsubsidized Loan accrues interest while you are in school and you are responsible for the interest payments. The interest payments can be made while you are in school or this amount will be added to the principal of the loan. See the table below for the current academic year's interest rate and fees.

To qualify for a Subsidized Loan you must demonstrate financial need. This is done by taking the information on your FAFSA form and analyzing it compared with your other financial aid. To qualify for an Unsubsidized Loan you do not have to demonstrate financial need, but the costs of your education must exceed any other financial aid you have been awarded.

To receive a Direct student loan a student borrower must be either a U.S. Citizen, U.S. National or eligible non-citizen and not be in default on any education loan or owe a refund on any education grant. The student must be at least half-time (6 credits) during a semester to receive this loan. Please refer to the award letter sent to you by the NNU Financial Aid Office to determine the type(s) and amount of Direct student loan you are eligible to receive. Once you have this information, you can apply online for the Direct student loan.

Federal Direct Student Loan Limits

Dependent Students

Year in School Subsidized Unsubsidized
Freshman $3,500 $2,000
Sophomore $4,500 $2,000
Junior $5,500 $2,000
Senior $5,500 $2,000

Independent Students

Year in School Subsidized Unsubsidized
Freshman $3,500 $6,000*
Sophomore $4,500 $6,000*
Junior $5,500 $7,000*
Senior $5,500 $7,000*
* Dependent students who receive a Parent PLUS loan denial, may qualify for the independent unsubsidized loan amount.


Rates, Fees and Terms

Loan Type Student Grade Level 2016-2017
Fixed Interest Rate
Origination Fee
(first disbursed after 10/1/2016)
2017-2018
Fixed Interest Rate

(first disbursed after 7/1/2017)
Origination Fee
(first disbursed after 10/1/2017)
Direct Subsidized Loans Undergraduate Students 3.76% 1.069%  4.45%  
Direct Unsubsidized Loans Undergraduate Students 3.76% 1.069% 4.45%  
Direct PLUS Loans Parents of Dependent
Undergraduate Students and Graduate / Professional Students
6.31% 4.276% 7.00%