Norfolk State University

Norfolk State University


A-Z Index \| Contact Us \| MyNSU \| Web Mail

Quick Links

Prospective Students

Current Students

Faculty & Staff

|

Financial Aid

Loans

Federal Student Loans

William D. Ford Direct Student Loan (Subsidized)

William D. Ford Direct Student Loan (Unsubsidized)

Federal Perkins Loan

Students are considered for Federal loans by completing the FAFSA. The Ford Direct Loan and Federal Perkins amounts for which a student is eligible will be included in the financial aid award package.

Direct Loan Subsidized/Unsubsidized Loan Limits

The following chart provides maximum annual and aggregate (total) loan limits for subsidized and unsubsidized Federal Direct loans.

Classification	Dependent Undergraduate Students	Independent Undergraduate Students	Graduate/Professional Degree Students
1^st Year (Freshmen)	$5,500 (no more than $3,500 subsidized)	$9,500 (no more than $3,500 subsidized)	$20,500 (no more than $8,500 subsidized)
2^nd Year (Sophomores)	$6,500 (no more than $4,500 subsidized)	$10,500 (no more than $4,500 subsidized)
3^rd Year and beyond (Juniors & Seniors)	$7,500 (no more than $5,500 subsidized)	$12,500 (no more than $5,500 subsidized)
Maximum Total Debt	$31,000 (no more than $23,000 subsidized)	$57,500 (no more than $23,000 subsidized)	$138,500 (no more than $65,500 subsidized)

Complete Loan Entrance Counseling and Master Promissory Note ONLINE!

First-time* student loan borrowers MUST complete a Loan Entrance Counseling and/or Direct Loan Master Promissory Note (MPN).

(* students who have not previously borrowed Ford Subsidized or Unsubsidized loans)

To complete the Loan Entrance Counseling and Direct Loan MPN online, go to www.studentloans.gov .

If scholarships and grants are not sufficient to cover educational expenses, a loan may fill a student's remaining financial need. Student loans, unlike grants and scholarships, must be repaid, with interest. Students should be prudent in deciding the amount of money to borrow and carefully consider the amount they will have to repay over the years. There are various types of loans that students may consider.

	PLUS Loanss
	Private Loans
	Loan Frequently Asked Questions
	Loan Terms


Enrollment Management
	▪	Enrollment Management
	▪	Admissions
	▪	Office of the Registrar
	▪	New Student Orientation
	▪	Customer Care
	▪	Transfer Students
	▪	Institutional Research

	Academics
	▪	Academic Programs & Majors
	▪	Administrative Offices
	▪	Honors College
	▪	Important Dates & Information
	▪	Library
	▪	Register for Classes (MyNSU)


	Publications
	▪	Academic Calendars
	▪	Graduate Catalog
	▪	Registration Information Booklet
	▪	Spartan Connection
	▪	Undergraduate Catalog

	Student Services
	▪	Career Services
	▪	Counseling Center
	▪	Disability Services
	▪	First-Year Experience
	▪	Health Services
	▪	Spartan Card
	▪	Veterans Affairs

Campus Directions & Maps


	Financial
	▪	Financial Aid
	▪	Paying for College
	▪	Student Accounts

	How Can We Help?
	▪	Customer Care

	Student Life
	▪	Athletics
	▪	Campus Bookstore
	▪	Campus Radio Station
	▪	Dining Services
	▪	Residence Life
	▪	Student Activities
	▪	Student Privacy
	▪	Student Right-to-Know
	▪	Wellness Center

About NSU | Directions | Employment | Events Calendar | Giving to NSU | Library | Research | Search for Classes

©2010 Norfolk State University, 700 Park Avenue, Norfolk VA 23504 USA | NSU Operator: 757-823-8600