Dear Students:
We look forward to assisting you during the 2012-2013 school year. On our website you will find the necessary information for completing the financial aid process.
Incoming Students (1Y and 2Y) please find information for accepting, declining, or reducing your financial aid award online via CAESAR as well as information for completing your loan application materials. If you have not applied for financial aid and would like to do so, please review and submit the financial aid application materials at the Admitted Student website.
Returning Students please find information and application materials for completing the financial aid application process for your second year at Kellogg. Once your financial aid application materials are reviewed and processed, we will email you further instructions for accepting your aid and for completing the loan application process for your second year at Kellogg, usually after July 1st.
We will continue to assist you in determining the best way to finance your education. Should you have any questions, please do not hesitate to contact our office. We have open office hours during the week. You may also contact our office via email or by telephone. We wish you continued success as you prepare for and begin your 2012-2013 school year at Kellogg.
Sincerely,
Julie Israel
Senior Associate Director of Financial Aid
*****************FINANCIAL
AID UPDATE****************
Northwestern University has made the decision to participate in the William D. Ford Federal Direct Loan program beginning with the 2010-2011 academic year. We will no longer use private lenders (through the Federal Family Education Loan program) for Stafford, PLUS or Grad PLUS loans. We are making this move to ensure continuity of service for federal student loan recipients in light of Congressional moves to change the federal student loan program as well as ongoing changes in the student loan industry. In the FFEL program, funds are provided from private lenders. However, recent economic difficulties created considerable challenges for lenders in the FFEL program, with many lenders reducing borrower benefits or exiting the program altogether. In the William D. Ford Federal Direct Loan program, loan proceeds are provided directly from the federal government to the university on behalf of the borrower. No third party is involved. In fact, more than half of the colleges and universities in the United States already participate in Direct Lending. Northwestern decided to participate in Direct Lending for 2010-11 in order to eliminate any possible risks to our students and parents that might be associated with either federal regulatory changes or market fluctuations affecting the FFEL program. Additional information and Frequently Asked Questions are provided at our website at:
http://www.kellogg.northwestern.edu/fin_aid/directloanprogram.html
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