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Loans

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.

Loan Entrance Counseling & Mastery Promissory Note

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

Federal Student Loans

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.

Types of Loans

Alternative Private Loans

Norfolk State University Financial Aid Office does not endorse or promote any specific alternative/private student loan lender or lending program. NSU does not discriminate against lenders and will certify loans from any private lender provided the student meets the lender’s eligibility requirements.

NSU has selected FastChoice as a one-stop resource for NSU students and their families. FastChoice is an interactive Website comprised of lenders that NSU students/parents have borrowed from recently. FastChoice serves as a loan comparison tool. FastChoice will assists borrowers in selecting a loan that is best suited to meet their needs.

Students may borrow with any lender offering a private education loan, and are not required to borrow with any of the lenders on this site.   -  FastChoice website

Managing Loans

Choose a repayment plan, pay on time, avoid default, and get help with problems. Learn how to find the right payment plan, how to make payments as well what to do if you are unable to make payments.