Loans

Evening undergraduate students are eligible for the following types of loans:

Subsidized Direct Loans

Subsidized Direct Loans are available to students enrolled at least half-time, which is at least 6 units a semester for undergraduate programs. Students may receive up to $5,500 per year. The interest rate is fixed at 3.4% (on or after July 1, 2011). No interest accrues while you are a student. Eligibility is based on need. The maximum amount available to undergraduate students through the Direct Loan program is $6,250 per semester. Read more about Direct Loan basics for students.

Unsubsidized Direct Loans

Unsubsidized Direct Loans are available to students enrolled at least half-time, which is at least 6 units a semester for undergraduate programs. Students may receive $7,000 per year or a total of $12,500 in combination with Subsidized. The current rate is 6.8%. Interest does accrue on these loans and eligibility is not based on need. The maximum amount available to undergraduate students through the Direct Loan program is $6,250 per semester. Read more about Direct Loan basics for students.

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 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.

• California Private Loan Marketplace DisclosureCan't open this file?
• Code of Conduct

Loan Resources

• NSLDS (National Student Loan Data System)
  Get information about your student loans.
• Entrance Loan Counseling
  Complete entrance loan counseling online.
• Exit Loan Counseling
  Complete exit loan counseling online. 
• Student Loan Repayment Calculator
  Find out how much approximately your monthly payment will be when your loans go into repayment.
• Institutional Code of Conduct for Education Loans
  • Disbursement and your Student Bill
  • Payment Plans
  • Other Factors Affecting Your Reward

Grants

Pell Grants

The U.S. Government provides Pell Grant assistance to part-time and full-time undergraduate students. Students become eligible based on income, etc., after the FAFSA (Free Application for Federal Student Aid) has been completed and processed.

Cal Grants

The Cal Grant is a California state scholarship program that is available only to students who are residents or children of taxpayers in California. Eligibility for Cal A or B is determined by the California Student Aid Commission (CSAC) based upon family income, assets and the academic record of the student. As transfer students to NDNU, Professional Studies/Evening students would have been awarded Cal Grant at their original college. Let the Financial Aid Office know if you are transferring a Cal Grant.

Other Resources

American Opportunity Tax Credit

Learn more about a newly created tax credit for education-related expenses.