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What is the Optional NU Loan?

April 26, 2017loan Nu

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What is the Optional NU Loan?

1 Answer

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The Optional NU Loan is available to students in certain schools/programs. If available, Optional NU Loan funds can be borrowed, at a slightly higher interest rate than Need-based NU Loan funds, to replace a portion of the contribution that is expected of you (i.e. family contribution plus other contribution). The Optional NU Loan amount for which you are allowed to apply may or may not be listed in the Financial Aid Offer section of your award notice. If shown, the NU Loan – Optional amount can be found in the Eligibility section of your award notice under Estimate of Resources and Total Resources. Contact your Financial Aid Office with any questions.