Although the cost of a college education at Northwest Suburban College is relatively low, many students need and receive financial aid. Financial aid is available and applicants for admission are encouraged to apply. The Financial Aid Office welcomes inquiries about the wide range of financial aid opportunities available to NWSC students.
Basic Eligibility Requirements for Need-Based Aid
Students who wish to be considered for need-based financial assistance must satisfy the following requirements, as stated by the Federal Student Aid, an office of the U.S. Department of Education (https://studentaid.ed.gov/sa/eligibility/basic-criteria):
- demonstrate financial need;
- be a U.S. citizen or an eligible non citizen;
- have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau);
- if you’re a male, be registered with Selective Service (You must register between the ages of 18 and 25.);
- be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program;
- be enrolled at least half-time to be eligible for Direct Loan Program funds;
- maintain satisfactory academic progress in college;
- sign the certification statement on the Free Application for Federal Student Aid (FAFSA) stating thatyou are not in default on a federal student loan and do not owe money on a federal student grant andyou will use federal student aid only for educational purposes; and
- show you’re qualified to obtain a college education by having a high school diploma or a recognized equivalent such as a General Educational Development (GED) certificate; completing a high school education in a home school setting approved under state law (or—if state law does not require a homes schooled student to obtain a completion credential—completing a high school education in a home school setting that qualifies as an exemption from compulsory attendance requirements under state law); or enrolling in an eligible career pathway program and meeting one of the “ability-to-benefit” alternatives.
For more information on financial aid eligibility, including definitions, visit www.studentaid.ed.gov.
Types of Financial Aid
Federal Financial aid, which is based upon student need, is available in three forms: grants, loans, and work study.
- Grants: Generally, this aid does not need to be repaid. Exceptions may apply for students withdrawing from a program, where the grant converts and is requires repayment.
- Federal grants include: Federal Pell Grant (formerly BEOG) and Federal Supplemental Education Opportunity Grant (FSEOG)
- Loans: This is borrowed money that must be repaid based upon the terms listed in the contract, including interest fees. Interest is an additional charge (outside of the amount borrowed) to be paid at a particular rate in return for borrowing money.
- Federal loans include: Federal Subsidized Direct Loan, Federal Unsubsidized Direct Loan, and Parent PLUS Direct Loan
- Work-Study: A work program allows students to earn money to pay for school.
- Federal work-study programs include: College Work-Study Program (FCWS)
NWSC is approved by FAFSA. To apply go to FAFSA Website and use School Code # 042450
Northwest Suburban College makes every effort to insure that qualified students will not be denied a college education because they are unable to meet the expenses of attendance.
Financial assistance is based on demonstrated financial need. This is the difference between a student’s (or family’s) resources and the cost of attending college. Assistance is available in the form of private grant-in-aid programs (not required to be paid back) as well as loans (borrowed money required to be paid back, often with interest charges) to any eligible students pursuing a degree or certificate program.
Students interested in financial assistance must complete the NWSC Financial Assistance Form and submit last year’s tax return to the Financial Assistance Department. Additional documentation, including bank statements and pay stubs, may be requested.
For detailed information on the financial assistance processes, including updated opportunities, student eligibility requirements, criteria for selecting recipients and for determining the award amounts, as well as terms and conditions of financial assistance, contact the NWSC Financial Assistance Department.
NWSC provides both merit-based and need-based grants for degree seeking students. These grants are awarded to students who have (a) earned a minimum CGPA of 3.0/4.0, and (b) demonstrate a need for assistance and are awarded based on the highest level of academic achievement combined with the greatest financial need. The following are NWSC’s current grant opportunities.
- Presidential Grant: For first-time freshman students, this prestigious grant provides 100% tuition waiver for three (3) trimesters. Requirements include a minimum high school CGPA of 3.95/4.00.
- Dean’s Grant: For first-time freshman students, this generous grant provides 50% tuition waiver for three (3) trimesters. Requirements include a minimum high school CGPA of 3.65/4.00.
- Need-Based Grant: For all degree seeking students, annual grant amounts range from $1,000-$4,000 tuition waiver, based on the student’s income.
Private, Non-Interest Bearing Loan
Students in the both the degree oriented and certification programs may apply for private loans offered through the institution. Loan amounts range from $1,000-$4,000, based on the student’s needs and will not incur interest charges. Payments may begin up to 2 years after the date of agreement.
NWSC also offers a select number of deferred payment plans to students. This allows students to spread their tuition payments over the course of the term. This is a non-interest bearing deferment that allows students to pay as they go.