We understand that each student’s and family’s financial situation is unique and offer a number of options to assist you in financing your education. These resources, which include a payment plan and supplemental financing, can be combined or used in addition to any current family income and savings.
The best way to limit debt is to consider the interest-free monthly payment plan. If this plan is not a viable option, you may consider financing the difference through the Federal Direct PLUS Loan or private loans. We strongly encourage you to consider all the ways to pay for an education to determine which best meets your needs.
Direct costs, which may include tuition, fees, room and board, will vary depending upon your student type and program. Room and board costs will also vary depending upon your assigned residence hall, room occupancy and meal plan selected. To arrive at the portion of direct costs you must meet, subtract the amount(s) of any grants or loans offered from your billed expenses. Please remember that Federal Work Study is not subtracted from direct costs.
If you have questions regarding the options outlined below or would like assistance in planning for the semester or even academic year, please do not hesitate to contact your financial aid counselor.
The monthly payment plan administered through TuitionPay, allows you to divide your educational costs into smaller, more manageable, installments. In using this plan, it can reduce your need to borrow, thereby, reducing the overall cost of education and can be combined with your financial aid award or other financing options. Because the payment plan is not a loan, you do not have to pay interest, only an enrollment fee. To enroll, please visit TuitionPay. For questions you may call 800.635.0120
Note: Check or E-check are the accepted methods of payment with TuitionPay monthly payment plans. Annual plans are used to budget the expected costs related to the upcoming fall through summer terms. The summer term prior to the new plan year cannot be included.
The federally sponsored PLUS loan is a student loan for graduate level students and the parents of dependent undergraduate students, who are attending at least half-time.
Loan funds are disbursed directly to Northeastern in equal amounts over each term of enrollment for the academic year. The maximum amount that can be borrowed is the cost of education less any other forms of financial aid. PLUS loans must be processed according to federal regulations, which stipulate that a loan cannot be processed after the end of the loan period. Thus, you cannot use a federal PLUS loan to pay a back balance.
*Note: As of March 30, 2015, if a parent is approved by appeal or with an endorser, he/she is required to complete online credit counseling through studentloans.gov. However, online credit counseling is encouraged for all PLUS borrowers.
A valid Free Application for Federal Student Aid (FAFSA) must be on file before we can process your application.
If a parent is denied a Federal PLUS loan due to credit reasons, the parent may appeal the denial with the Direct Loan Origination Center or reapply with a credit-worthy cosigner. The Direct Loan Origination Center can be reached at 800.557.7394.
Parents who wish to apply for a Parent PLUS Loan should download, print, and complete the application below.
2016-2017 Federal Direct PLUS Loan Application (for Undergraduate Day students enrolled September 2016 through August 2017 and College of Professional Studies (CPS) students enrolled July 2016 through August 2017).
*Note: As of March 30, 2015, if a borrower is approved by appeal or with an endorser, he/she is required to complete online credit counseling through studentloans.gov. However, online credit counseling is encouraged for all PLUS borrowers.
The Federal Direct Graduate PLUS Loan requires credit approval by the Direct Loan Servicer. Application requests are submitted to Student Financial Services.
Graduate students with myNEU access can apply for a 2016-2017 Graduate PLUS Loan through the student portal by clicking on the “Federal Graduate PLUS Loan Application” link under the “Self Services” tab. Students that do not have portal access or have trouble applying via the portal should download, print, and complete the application below. Please note, the 2017-2018 Graduate PLUS Loan application will be available through myNEU in late May.
Please do not complete the Graduate PLUS Loan application before you have filed a Free Application for Federal Student Aid (FAFSA) and received your financial aid award for the applicable academic year.
When considering supplemental loan options, you should compare the benefits and costs of several lenders before you apply, to find the option which best meets your needs. It is always in your best interest to explore federal student and parent loan options before applying. For information to assist you, please review our Researching Private Loans page.
Below is a list of lenders offering private educational loans that are commonly utilized by Northeastern University students. This is not a comprehensive list of all the educational loans available to you and you are not required to select one of these lenders. Inclusion on this list is not an endorsement or recommendation by Northeastern University. If you or your family has worked with a lender not listed below, and has received excellent benefits and quality service, please recommend this lender to us by emailing email@example.com.Citizens Bank
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