Payment Options

Federal Direct Loans

Subsidized and Unsubsidized

• First-time borrowers: To receive the loans indicated on your financial aid award letter, you will need to complete a Master Promissory Note (MPN) and an Entrance Counseling session online at http://www.studentloans.gov. Your Social Security Number and your Department of Education-issued PIN will be required. If you do not have a PIN, you may request one from http://www.pin.ed.gov. If you prefer not to complete these requirements electronically, contact the Financial Aid Office
• Returning Borrowers: You do not need complete an MPN or Entrance Counseling if you have completed them previously.
• All borrowers: To accept the loans on your financial aid award letter, nothing further is necessary. To reject your loan or loans, go to http://my.northwood.edu, log in, click on WebAdvisor tab, choose Prospective Students or Students, go to Financial Aid section, and select Accept or Reject Financial Aid Loan Awards. If you want to change your loan amount(s), click on Financial Aid Forms and select 2011-2012 Federal Direct Loan Change Form. This form must be completed and signed and can be mailed or faxed to the Financial Aid Office.

Federal Direct PLUS Loan (for parents of undergraduate students)

Parents of an undergraduate student can apply for a credit-based Federal Direct PLUS Loan to assist with out of pocket educational expenses on behalf of the student. The parent must be a credit worthy US citizen or eligible non-citizen.

Parents can defer repayment if your student is enrolled at least half-time (6 hours), and for an additional 6 months after the student graduates or drops below half-time enrollment. If the Federal Direct PLUS Loan is denied, the student will be eligible to borrow up to an additional $4,000 for freshmen and sophomores or $5,000 for juniors and seniors of Federal Direct Unsubsidized Loans.

• To apply for the Federal Direct PLUS Loan, the parent must complete a Master Promissory Note (MPN) and a Federal Direct Plus Loan application online at http://www.studentloans.gov. Your Department of Education-issued PIN will be required to complete the MPN, as it becomes an electronic signature. If you do not have a PIN, you may request one from http://www.pin.ed.gov. If you have previously borrowed for this student you do not need to complete a new MPN.
• Next complete a Federal Direct PLUS Loan Request form. The Federal Direct PLUS Loan Request form is available online at www.northwood.edu, select your campus, select Financial Aid, and select Financial Aid Forms. This form must be completed and signed and can be mailed or faxed to the Financial Aid Office.

Monthly Payments

If you would like to divide the year's balance into monthly payments, this can be set up through TuitionPay. There is a $55 non-refundable annual application fee and payments can be made using an electronic check, MasterCard, American Express or Discover card.

• Simply go to http://tuitionpay.salliemae.com and click "Enroll now", follow the prompts to choose Northwood University.
• There will be a list of payment plan options to choose from. You will need the total amount due for the academic year, the student's Social Security number and graduation year, and the payee's address, phone number, date of birth and e-mail address.
• Follow the steps to create an account and make the initial payment. Payments are due monthly and you will have the option to enroll in automatic payments.

Two Annual Payments

We encourage you to make online payments at my.northwood.edu (Log in, click on WebAdvisor tab, click on the student section and then choose "Make a payment"). Online payments can be made using an electronic check, MasterCard, American Express, or Discover. Payments can be made in full for each semester in person using check or cash (at campus business office only). The Fall semester balance is due on August 22, 2011 and the Spring semester balance is due on January 9, 2012.