Financial Aid Assistance
Student Financial Services
Northeastern University is eager to assist students in developing a plan for financing a Northeastern education. Through a variety of options—federal financial aid, Northeastern’s monthly payment plan, supplemental loans, and your own resources—a plan can be designed that will make your education costs affordable. Visit the Office of Student Financial Services on the web or call 617.373.2897 for additional information.
Federal Financial Aid
The Office of Student Financial Services is committed to working with you to identify federal financial aid options that can help make a Northeastern education affordable. To take advantage of federal financial aid programs, students must submit the Free Application for Federal Student Aid (FAFSA) form.
Students must meet the following criteria to be eligible for federal financial aid:
- Be enrolled in at least 6 credits, applicable toward degree program, per term for federal financial aid unless you are enrolled in a full-time stand-alone course
Note: Although some programs may consider students enrolled in 4 credits to have half-time status, in order to qualify for federal financial aid, students must be enrolled in a minimum of 6 credits.
- Be citizens or eligible noncitizens of the United States
- Be matriculated in a degree-granting program
- Have received a high school diploma or GED and be able to document upon request
- Be registered with Selective Service, if required
- Not be convicted of a drug-related crime in the last year
- Not be in default from previous student loans
- Maintain satisfactory academic progress
How to Apply
File the Free Application for Federal Student Aid (FAFSA). Northeastern’s FAFSA school code is 002199.
You will need an FSA ID to sign your FAFSA online. If you do not have one or have forgotten your FSA ID, go to the Federal Student Aid site to obtain one before starting the FAFSA online.
For information regarding your financial aid status, visit the myNEU web portal, click on the “Self-Service” tab, and select “My Financial Aid Status.”
New students are awarded on an ongoing basis after we have been notified that they have been accepted into their program. Awarding will commence as detailed below:
|Term of Entry||Earliest Award Availability|
Returning students will begin receiving award notifications in June. Award notifications are electronic. New students will receive an email to the address provided during the admissions process. Returning students will be contacted at their @husky.neu.edu address.
All students eligible to be awarded federal aid are awarded a Federal Direct Stafford Loan provided they have not exhausted aggregate loan maximums. Eligibility for a need-based subsidized Stafford Loan is determined by the information provided on the FAFSA and academic level. Students must be registered for at least 6 credits each term to be eligible for a federal loan. Additionally, all credits taken must count toward their current degree program for students to be eligible for federal financial aid.
Supplemental Student Loans
There are a number of attractive educational loan programs available to assist students in covering their expenses over and above any federal financial aid that may be awarded to them from the Office of Student Financial Services. Most private lenders have credit and income requirements that must be met before being approved for these programs.
Additional information regarding private loans is available on the web. The Office of Student Financial Services recommends to students that, when researching the loan and lender that best meets their needs, they make sure they take into consideration the interest rate; origination, disbursement, or repayment fees; the quality of customer service; and the amount actually needed for borrowing.