Northwestern University Financial Wellness

For a limited time, federal student loan borrowers may receive credit for past payments made on loans that did not previously qualify for Public Service Loan Forgiveness.

Read on to see if you might be eligible!

Federal Student Aid

Big news for public servants with federal student loans!

U.S. Department of Education Announces Transformational Changes to the Public Service Loan Forgiveness Program, Will Put Over 550,000 Public Service Workers Closer to Loan Forgiveness | U.S. Department of Education Today, the U.S. Department of Education announced an overhaul of the Public Service Loan Forgiveness (PSLF) Program that it will implement over the next year to make the program live up to its promise. This policy will result in 22,000 borrowers who have consolidated loans—including previously ine...

Evanston Public Library to host Spanish financial literacy modules in “Mes de la Educación Financiera” throughout May Evanston Public Library will be hosting a series of Spanish financial education modules with WinTrust Bank for its “Mes de la Educación Financiera” this month, according to a Monday newsletter. El comunicado de prensa original en español se puede encontrar aquí. The modules are designed to he...

Congrats to all of this year's awardees! 🏆

A record number of Northwestern University students received a Gilman International Scholarship this year! We know not all study abroad plans are possible right now, but we're proud of our students for pursuing global learning opportunities!

We want to say a huge thank you to our Northwestern University Global Learning Office advisers, as well as our partners in Undergraduate Financial Aid (Northwestern University Financial Wellness) and NU Office of Fellowships for helping support all students.

You can also find more helpful information on loan repayment on Northwestern’s Financial Wellness website at https://www.northwestern.edu/financial-wellness/student-loan-management/index.html

How to reduce student loan payments during COVID-19 In late March, President Trump passed the CARES Act to counteract the financial impacts of COVID-19, including relief for student loan holders — but not every loan is eligible. This animated explainer walks you through the U.S. Public Interest Research Group’s guide on how to reduce your student...

Loan Repayment Webinar

April 22 11:30am-12:30am

Hosted by Inceptia

Since our office is unable to hold in-person workshops and events, we still hope to deliver important information to you this term.

If you’re preparing to graduate, don’t plan to return to school, or will drop below half-time enrollment, the repayment clock will soon begin ticking on your federal loans.
Head into repayment with the information you need to make smart choices and avoid costly mistakes. This one-hour session will cover the basics of student loan repayment, including:
•How to save time and money throughout the life of your loan(s)
•How to choose a loan repayment plan that works best for your finances
•Options that allow you to avoid default and delinquency

This session is a great way to hear exit counseling concepts explained, with the opportunity to have your questions answered by an expert.

register.gotowebinar.com

The Treasury Department and the Internal Revenue Service announced yesterday that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. For more information and FAQs, visit this link or IRS.gov

Economic Impact Payments - Stimulus Checks

If you are a federal student loan borrower, please be sure to read the Department of Educations information regarding the Coronavirus and Forbearance Information for Students, Borrowers, and Parents.

Coronavirus and Forbearance Info for Students, Borrowers, and Parents Find out what to do if you’re affected by the new coronavirus (COVID-19) outbreak.

For those who might be investing someday, here is some advice for beginners.

What Are Some Trading Basics Beginner Investors Should Know? What are some bond trading basics that beginners need to know? This question was originally answered on Quora by Gurinder Ahluwalia.

Wondering what the difference is between banks and credit unions?

Banks vs. credit unions: How to decide which one is right for you Choosing between a bank and a credit union isn't just about finding a place to keep your money. It's about an ongoing relationship.

Considering your housing options for net year? We'll be at the Housing Fair next week, will you?

Northwestern Housing Fair 02/25/2020 Please join the Off-Campus Life Office and the Associated Student Government as we host property owners and third-party vendors from the Chicago and Evanston area who can speak with students about available, off-campus housing options and other services. See you there!

You may want to get out of the dorms, but your wallet may not be ready! Make sure you're making the best choice by comparing costs between off-campus housing and residence halls. https://www.cashcourse.org/topics/Spend/Spending-Decisions/Tips-on-Finding-the-Best-Apartment-for-You