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Financial Aid

We are committed to enrolling the most qualified students regardless of their ability to pay.

The Office of Graduate Admissions and Financial Aid awards federal financial aid for U.S. citizens and permanent residents in the form of federal loans. Currently about 80 percent of all Medill graduate students receive some form of financial aid.

You must be enrolled in at least two classes to qualify for federal financial aid.

Federal loans

The federal loan program offers the most cost-effective borrowing options for students. Medill financial aid awards may include the Stafford and/or GradPLUS loans, which are based on eligibility and financial need.

Federal Stafford Loan

The Federal Direct Unsubsidized Stafford Loan has an Origination Fee of 1.068 percent, which will reduce the actual amount of your Stafford Loan disbursements. The loan has a fixed interest rate of 5.84 percent that accrues from the time of disbursement. You can allow the interest to accrue and capitalize onto the principal when you go into loan repayment six months after graduation.

Please visit studentloans.gov for additional information regarding the Federal Direct Stafford Loan. The maximum Federal Stafford Loan award is $20,500 per year.

Federal Direct PLUS Loan

The Federal Direct PLUS Loan has an Origination Fee of 4.292 percent, which will reduce the actual amount of your loan disbursements. If you choose to borrow the Federal Direct PLUS Loan, you must apply for the loan. A student can borrow the Federal Direct PLUS Loan to cover any remaining financial aid need and to replace all or a portion of their expected student contribution. The loan has a fixed interest rate at 6.31 percent for the life of the loan. Interest will accrue on the Direct PLUS Loan as it disburses to your tuition account. You can defer payment of the loan and allow the interest to accrue and capitalize onto the principal when you go into loan repayment six months after graduation. Please visit studentloans.gov for additional information regarding the Federal Direct PLUS Loan.

International students

International students are not eligible for federal financial aid and should plan to bear most, if not all, of the cost of attending Medill. Due to the intensive and practical nature of our program, Medill does not offer teaching assistantships or fellowships.

Please visit Northwestern’s Student Financial Services website for a list of lenders that provide loans to international students who have a U.S. citizen or permanent resident as co-maker/co-sign for the loan. Students may not use this loan to secure their student visa. After you begin your graduate program at Medill, you are welcome to pursue a private bank loan option.


Questions?

For more information about financial aid, please contact Associate Director of Graduate Admissions and Financial Aid Julie Collins or Program Assistant Jackie Jackson.