"I want to be a leader who can cause positive change in the lives of as many people as possible."
- Oumou Ly '13

OFFICE OF FINANCIAL AID
St. Mary's Hall 101, 102, 103, 105
Tel: 1 (800) 263-0545 or
(650) 508-3741
Fax: (650) 508-3635
E-mail: finaid@ndnu.edu
M-Th 9:00 a.m. - 6:30 p.m.
F 9:00 a.m. - 5:00 p.m.

Financial Aid

Loans

Undergraduate day students are eligible for the following types of loans:

Subsidized Direct Loans

Awards are based on need. On the subsidized loan, the federal government is paying the interest for you while you’re in school. Repayment begins six months after you graduate or drop below half-time status. The interest rate is fixed at 4.6% and is paid for the student while in school.  Maximum award amounts depend on your year in school and range from $3500 to $5500 for undergraduates and are $8500 annually for graduates. Read more about Direct Loan basics for students.

Unsubsidized Direct Loans

These loans are not based on financial need. Interest is accruing on the loan while you are in school. Repayment begins six months after you graduate or drop below half-time status. The interest rate is fixed at 6.8%. Independent students and undergraduate students whose parents do not qualify for the PLUS Loan program (see below) may also apply for additional Unsubsidized Federal Stafford Loan funds. Maximum loan amounts are $4000 for first and second year students and $5000 for junior and senior level students. Graduate students may borrow up to $12000 annually. Read more about Direct Loan basics for students.

Federal Direct Parent Loans

PLUS loans are not based on financial need so parents may borrow from this program to replace a part or all of the Expected Family Contribution. The maximum loan is based on the Cost of Attendance minus other financial aid. These loans are available to parents who have satisfactory credit histories and whose dependent students are studying at least half time. The interest rate is 8.5%. Interest accrues and repayment begins 60 days after the final disbursement for the year. Read more about Direct Loan basics for parents.

Federal Perkins Loans

Perkins Loans are awarded to NDNU’s highest need students. The interest on the Perkins Loan is paid by the Federal Government while the student is in school. Repayment is over a 10 year period at a 5% interest rate. Awards are $1000 annually.

Private Loans

Private loans may be available to help bridge the gap between financial aid and the cost of education. The terms of these loans differ according to the lender and you should compare the information to determine which loan best suits your needs.

Once you and your family have considered federal loan options, you can use the California Private Loan Marketplace to instantly and accurately compare rates and terms from multiple private loan lenders side-by-side. This will help you make an informed decision about the most appropriate loan for you. The Marketplace displays products from local and national lenders, complete with detailed listings of APRs, interest rates, total cost, monthly payments, borrower benefits, fees and repayment options.

Loan Resources