Student Loans
Unlike scholarships and grants, student loans must be paid back. This is vital to keep in mind
as you consider using loans to finance your education. Fortunately, there are many
student-friendly loan options that can allow you to borrow responsibly while working on your
higher education goals.
The federal government offers student loans through two programs: the William D. Ford
Direct Federal Loan Program (Direct Loan) and the Federal Perkins Loan Program. While
these programs are more complex than we can cover here, you should know some key facts
regarding these programs which follow.
Student loans are a complicated subject. This information is intended as an overview only.
Please seek guidance and visit the U.S. Department of Education's website to learn more.
SEARCHING FOR
SCHOLARSHIPS AND GRANTS?
Northcentral University has funding
options that may be right for you.
DISCOVER THE POSSIBILITIES
You may hear these terms as you look through financial aid
options. Here is how you can distinguish between them so
that you can better focus your application efforts.
Need-based financial aid is offered based on the proven
financial need of the applicant. Criteria such as grades or
athletic achievement are not considered.
Merit-based financial aid is offered based on criteria such as
academic achievement. The financial need of the applicant is
not considered.
Need-based
versus
Merit-based
