Do you have loans? If you do, you'll need to take care of a couple things, like signing your Electronic Master Promissory Note or going through online Loan Entrance Counseling. Since these are required, it's best to take care of them as soon as possible.  You can do both by clicking on the link below.

Direct Lending

Northern Kentucky University has been a direct lending institution since 2010 and participates in the William D. Ford Direct Loan Program. Direct lending is when eligible students and parents borrow directly from the federal government. Direct Loans include subsidized and unsubsidized Direct Subsidized and Unsubsidized Loans, Direct PLUS Loans and Direct Consolidation Loans. You repay these loans directly to the U.S. Department of Education.

Yearly Aggregate Loan Limits

Dependent Student* Subsidized** Unsubsidized Total
Freshman (1-29 hours) $3,500 $2,000 $5,500
Sophomore (30-59 hours) $4,500 $2,000 $6,500
Junior (60-89 hours) $5,500 $2,000 $7,500
Senior (90+ hours) $5,500 $2,000 $7,500
Independent Student* Subsidized** Unsubsidized Total
Freshman (1-29 hours) $3,500 $6,000 $9,500
Sophomore (30-59 hours) $4,500 $6,000 $10,500
Junior (60-89 hours) $5,500 $7,000 $12,500
Senior (90+ hours) $5,500 $7,000 $12,500
Lifetime Aggregate Limit Subsidized** Total
Dependent* $23,000 $31,000
Independent* $23,000 $57,500
Graduate $65,500 $138,500

*Undergraduate students

**Subsidized loans are based on need and may vary from student to student.

Loan Origination Fees

Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You're responsible for repaying the entire amount you borrowed and not just the amount you received.

The chart below shows the loan fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after Oct. 1, 2017.

Loan Type

First Disbursement Date

Loan Fee

Direct Subsidized Loans and Direct Unsubsidized Loans 

On or after 10/1/17 and before 10/1/18 


On or after 10/1/17 and before 10/1/18


Direct PLUS Loans

On or after 10/1/17 and before 10/1/18


On or after 10/1/17 and before 10/1/18


Federal Direct Graduate PLUS Loan


Graduate and professional students can also apply for the Graduate Plus loan. Students who are applying must pass a credit check and must be enrolled half-time in a degree seeking program. If you receive a Direct PLUS Loan as a graduate or professional student, you don't have to make any payments while you're enrolled in school at least half-time, and for an additional six months after you graduate, leave school, or drop below half-time enrollment. The Direct Graduate Plus Loan has an interest rate of 7.6 percent (effective July 1, 2018). The maximum Plus eligibility is determined by the student's cost of attendance minus any other financial aid that the student is receiving.


Nurse Faculty Loan Program (NFLP)


The Nurse Faculty Loan Program is a federal loan program designed to increase the number of nursing students who pursue careers as full-time faculty teaching in schools of nursing. The program is funded by the Health Resources and Services Administration (HRSA), Bureau of Health Professions, and allows nursing schools to make loans from the fund to assist registered nurses in completing their graduate education to become qualified nurse faculty. The program offers partial loan forgiveness to borrowers that graduate and serve as full-time nursing faculty for the prescribed period of time. The loan recipients may cancel up to 85 percent of the loan over four years in return for serving full-time as faculty at any accredited school of nursing within six months of graduating. 


Parent PLUS Loan for Undergraduate Students

Federal Parent PLUS Loans are available for parents of dependent undergraduate students who are enrolled at least half-time and are meeting satisfactory academic progress requirements. The parent must be the biological, adoptive or stepparent of the student for whom they are borrowing. Parents may borrow up to the cost of attendance minus any other financial aid the student will receive. The FAFSA is required. PLUS loans are subject to a credit check.

Interest begins to accumulate on the date of the first loan disbursement. The repayment period begins on the date the loan is fully disbursed. The first payment is due within 180 days after the final loan disbursement. There are deferment options that will allow you to defer the loan while the student is enrolled at least halftime.  You will receive further information about repayment and deferment options from the Direct Loan Servicer. The Parent Plus Loan has an interest rate of 7.6 percent (effective July 1, 2018).

Steps To Apply

If the eligible parent of an undergraduate student accepts the Federal Direct Parent PLUS Loan, the following steps MUST be completed in order to process the loan. The parent borrower must be listed on the student's FAFSA.  Upon credit approval and completion of all requirements, the loan funds will be disbursed to the school at the appropriate time.

  1. Complete credit check for approval at -- Click on the link that says "Request PLUS Loan" and select "Parent PLUS." Fill out the application and submit. Credit check information is only valid for 180 days.  If parent's credit is denied, the student should contact the Office of Student Financial Assistance for information about additional loan options.  
  2. Sign a PLUS Master Promissory Note at -- Click on the link that says "Complete MPN", select "Parent Plus" and follow the instructions. 
  3. PLUS Loan Authorization Form -- The student and the parent must complete the PLUS Loan Authorization Form and submit it to the Office of Student Financial Assistance. This form is also required if the parent wants to increase the amount of funds originally requested. This form is required each time a PLUS loan is offered.

*Parent PLUS Loan Eligibility Confirmation Form

If the parent who is borrowing the Parent PLUS loan is not listed on the student’s FAFSA, the *Parent PLUS Loan Eligibility Confirmation Form and required documents are required to process this loan.

PLUS Credit Counseling

PLUS credit counseling is available at  PLUS credit counseling may be completed voluntarily at any time.  PLUS  credit counseling is REQUIRED if the U.S. Department of Education has informed you that you have an adverse credit history and

a.  You have obtained an endorser


b.  You documented to the satisfaction of the U.S. Department of Education that there are extenuating circumstances related to your adverse credit history.



Students, after exhausting all other aid avenues including federal loan eligibility, sometimes explore the use of non-federal educational loans. Collectively called alternative loans, these loan products may be available to assist a student who is not eligible for federal aid or when federal aid does not meet the financial need of the student. Alternative educational loans require the student borrower to be credit-worthy or have a credit-worthy co-signer. They can assist with meeting your educational costs. For more information on federal loans versus alternative loans, visit the federal student aid website.

For alternative loan options, visit FASTChoice. Here you can learn more about alternative loans, find details about different lenders and loan programs, and even select the loan that's right for you.

Bar Study Loans

For bar study loan options, please follow the link provided below. We have collected information for you to research different bar study loans to choose the right one for you. A bar study loan can help a student with the opportunity to obtain the funds they need for bar study-related expenses that are not covered by federal student loan programs. For more information, please contact the Office of Student Financial Assistance.

Bar Study Loan Options

*Please note the options documented are not the only lender options for a bar study loan.