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Student Financial Aid


Student Financial Aid Office

Attending college is a great investment in your future.  The purpose of financial aid is to assist with the cost of higher education.  Many families need assistance to help offset the cost of education. Never assume that you will not qualify for financial assistance. There are many types of financial aid available to help manage the cost of your education, such as grants, loans, work-study opportunities, and scholarships. 

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About Unpaid Bills and Outstanding Balances

What happens if I am unable to pay my entire bill before the due date? Will I be dropped from my classes and dismissed from the residence hall?(show/hide »)

Students will not be dropped from their classes or dismissed from the residence halls if their entire balance is not paid as of the end of the first billing period.Payment of all charges for a term is due one week prior to the start of the term to which the charges apply. Through this account, students can pay the full account balance at this time or an amount less than the full amount. Students who pay less than the total amount due by the respective due date will be assessed a monthly late payment fee of 1.08% on the remaining unpaid portion, with a minimum late fee charge of $0.50. For additional information regarding payment policies please visit www.niu.edu/bursar/paymentpolicy.shtml.

What are my options for paying an unpaid balance?(show/hide »)

Based on your dependency status there may be several options to help resolve an unpaid balance.

Dependent students may have a parent complete a Parent PLUS Loan application which if approved can be used to cover most outstanding charges for the current year. Dependent students whose parents have applied and been denied a Parent PLUS loan may qualify for an increase in Unsubsidized Stafford loans. Additional information on Parent PLUS Loans can be found at http://www.niu.edu/fa/types/plus.shtml.

Any student can apply for private student loans. Additional information on Private student loans can be found at http://www.niu.edu/fa/types/private.shtml.

Graduate students can apply for a Graduate PLUS loan. If approved a Graduate PLUS loan can be offered to cover most outstanding charges for the current year. Additional information on Parent PLUS Loans can be found at http://www.niu.edu/fa/types/gradplus.shtml.

Depending on the time of year, students can also apply for a Huskie Installment Plan to make regular monthly payments throughout the semester. Additional information on the Huskie Installment Plan can be found at http://www.niu.edu/bursar/payments/HIP.shtml. Student who do not want to sign up for the Huskie Installment Plan are also able to make payments through out the semester. Payment option information is available at http://www.niu.edu/bursar/payments/makeapayment.shtml.

My parents just applied for the Parent PLUS Loan, when will I see it on my awards?(show/hide »)

When a parent applies for the Parent PLUS loan the Department of Education performs a credit check to determine if the parent will be eligible to receive the Parent PLUS loan. The results of the application are sent to the school within 3-5 business days. The Student Financial Aid Office processes all loan requests in the order received and during peak application times may take 5 to 7 business days from when the application was submitted before offering additional funding.

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