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Federal Student Loans

The maximum amount a student may borrow is based on the program of study and demonstrated financial need. If the allowable cost of education exceeds the maximum Direct Loan eligibility, the student may borrow from the Graduate PLUS Loan. Entrance counseling is required for both Federal Direct Loans and Graduate PLUS Loans.

Types of Federal Loan Programs

Federal Direct Subsidized Loan - Learn more »
As of July 1, 2012 the federal government removed the interest-free subsidy on the subsidized Direct Loan for graduate students.

Federal Direct Unsubsidized Loan - Learn more »
A non-need based loan where the student is responsible for all interest which accrues from the day of disbursement (view interest rate chart). A loan fee of approximately 1% will be deducted from the loan prior to disbursement. Repayment begins 6 months after graduation. These funds must be repaid.

Federal Graduate PLUS Loan - Learn more »
A credit-based, non-need loan where the student is responsible for all interest which accrues from the day of disbursement (view interest rate chart). A loan fee of approximately 4% will be deducted from the loan prior to disbursement. The maximum amount cannot exceed the approved cost of education (including all other aid) for the loan period. Repayment begins immediately following graduation. These funds must be repaid.

More Information

View the current federal loan interest rates »

Most loan and scholarship programs require students to maintain standards of satisfactory academic progress.

Allowable Loan Maximums – DC

Loan Program Maximum Per Period
Federal Direct Subsidized $0
Federal Direct Unsubsidized $31,611
Academic Period Maximum $31,611
Graduate PLUS no maximum*

 

Note: A period is two trimesters.
* The maximum Graduate PLUS Loan (including any other financial aid) cannot exceed the approved budget for the loan period.

Aggregate Direct Loan Maximums – DC

Loan Program Maximum
Federal Direct Subsidized $65,500
Federal Direct Unsubsidized $158,500
Aggregate Maximum $224,000

Florida DC Students

Doctor of Chiropractic students enrolled at our Florida site are eligible for financial aid under the same guidelines as DC students enrolled at our Lombard campus. All financial aid programs for NUHS students are administered through the Lombard campus, and Florida DC students may utilize the same online resources to begin their financial aid application process.