Financial Aid Information

Northwest Suburban College believes in and strives for providing affordable education for each one of its students who are deserving and are willing to work hard to make a difference in their lives through education. Although the cost of a college education at NWSC is relatively low, many students need and receive financial aid. NWSC offers financial aid assistance for truly deserving students who are eager to pursue a career in the field of allied health sciences and demonstrate need for the financial assistance.

Students interested in institutional aid must complete the Institutional Financial Aid Application and submit it along with proof of income (copy of the past year’s tax documents, pay stubs, bank statements, or W-2 form) to the Financial Aid office. Students are encouraged to complete and submit the application along with the application for admission.

Financial aid at NWSC is based upon student need and is available in two forms: grants and loans.

Grants

Generally, this aid does not need to be repaid. Exceptions may apply for students withdrawing from a program, where the grant converts to loan and requires payment.

Loans

This is borrowed money that must be repaid based upon the terms listed in the contract, including interest and fees, if applicable.

Non-Interest Loan

Offered through NWSC and its affiliated agency, the loan amounts range from $1,000-$5,000, based on the student’s need and will not incur any interest charges if payments are made on time. Students under this plan pay in monthly installments. However, they must pay off all the money owed before they graduate from the college. Typically, the non-interest loan period is 8 months for Medical Assistant and Dental Assistant programs and 6 months for the Pharmacy Technician program.

Extended Payment Plan

Extended payment plans that exceed the enrollment period are available as interest bearing loans and are arranged through Tuition Financing Corporation (TFC). Students must use this service if they want a payment plan.

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