Types of Financial Aid


There are many types of financial aid available for NIU students. Many students may be eligible for and receive more than one type of aid. Some aid, like loans, must be paid back after leaving school. Others, like scholarships and grants, do not need to be repaid. It's important to understand the different kinds of aid available and the qualifications for each so that you can determine the best approach to paying for your college education.

  • Grants are awarded based on demonstrated financial need. Grants are often awarded by the federal or state government based on your FAFSA application. Grants do not have to be repaid unless you withdraw in the middle of a semester.

  • Federal Loans are funded by the federal government and must be paid back with interest.

  • Private Loans are funded by financial institutions and applications must be completed with the lender. 

  • Federal Work Study are funds that you earn by working for NIU. Work study funds do not need to be repaid.

  • Scholarships are awarded based on a variety of factors including academic achievement, talent, athletic ability, leadership, geographical location, field of study or financial need.

After you apply for financial aid, you will receive an offer that will include one or more of these types of aid based on your eligibility and financial need. 

NIU School Code

Use NIU's School Code when completing the FAFSA.


Contact Us

Financial Aid and Scholarship Office
Swen Parson Hall 245

For scholarship-specific questions


Additional Contact Info