Financial Aid

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Frequently Asked Questions

• Who is eligible to apply for Federal and State financial aid?
• Who is NOT ELIGIBLE to apply for Federal and State financial aid?
• When do I apply for financial aid?
• If I don't apply by March 1 can I still apply?
• I just want a Student or Parent Loan. Do I have to apply for financial aid?
• If I applied for financial aid last year do I need to apply for financial aid this year?
• What forms do I need to complete to apply for financial aid?
• What will I need to complete the financial aid forms?
• What tax forms are acceptable?
• What tax forms are unacceptable?
• Where do I mail my forms once they are completed, or my scholarship checks once I receive them?
• How will I know if my financial aid is processed?
• How do I apply for loans?
• What is a Master Promissory Note (MPN) and where do I need to mail it?
• How do I cancel my financial aid if I decide not to attend NIU?
• Once I submit my award notification, how long will it take to process my Stafford or other educational loan applications?
• How will I know when my loan is processed?
• How will I know when the school has received my loan funds?
• How do I know how much I owe the university?
• If I am expecting a refund from the Bursar's Office, when will I receive it?
• How do I use my financial aid money to purchase books?
• How do I apply for a Federal Work-Study job?
• Can Federal Work-Study money that I earn automatically credit to my bursar's bill?

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