If you would like to divide the years’ balance into monthly payments, this can be set up through the Tuition Payment Plan. There is a $30 non-refundable registration fee charged to your student account per semester. Payments can be made online through WebAdvisor by logging into my.northwood.edu. Acceptable methods of payments are: electronic check, American Express, Discover, MasterCard or Visa. (Credit and Debit card payments will be assessed a 2.5% service fee).
Federal Direct Loans
Subsidized and Unsubsidized Federal Direct Loans
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 at http://www.studentloans.gov. Your Social Security Number and your FSA ID will be required. Instructions on how to create your FSA ID are located below. If you prefer not to complete these requirements electronically, contact the Financial Aid Office at 989.837.4230.
Returning borrowers: You do not need to complete an MPN or Entrance Counseling if you have completed them previously.
All borrowers: To accept the loans as indicated on your financial aid award letter, nothing further is necessary. If you want to change your loan amount(s), click on Financial Aid Forms and select the 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 U.S. 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 Loan.
To apply for the Federal Direct PLUS Loan, the parent must complete a Master Promissory Note (MPN) and a Federal Direct PLUS Loan application at http://www.studentloans.gov. Your FSA ID will be required. If you do not have an FSA ID, instructions on how to create one are located below. If you have previously borrowed for this student, you do not need to complete a new MPN.
Next, complete the Federal Direct PLUS Loan Request form. The Federal Direct PLUS Loan Request form is available at www.northwood.edu. Select Financial Aid, and then select Financial Aid Forms. This form must be completed and signed and can be mailed or faxed to the Financial Aid Office.
Creating an FSA ID
The FSA ID – a username and password – has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one when logging in to fafsa.gov, the National Student Loan Data System (NSLDS) at www.nslds.ed.gov, StudentLoans.gov or by going directly to https://fsaid.ed.gov/.
In order to create an ID, you must have a valid email address. You will create a username and password along with answering questions regarding name, date of birth, Social Security number, contact information and challenge questions and answers. You will receive an email secure code to verify the information before proceeding to the website.
If you have never had a PIN or FSA ID before, it will take up to 72 hours to activate for you to electronically sign the FAFSA. We suggest you create a FSA ID as soon as possible.
Two Annual Payments
We encourage you to make online payments at http://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, American Express, Discover, MasterCard or VISA. Credit and debit card payments will be assessed a 2.5% service fee. Payments can be made in full for each semester in person using a check or cash (at campus business office only).