Graduate Financial Aid

In addition to the information provided during the online entrance interview, we are providing the information below in order to help you understand all the terms and conditions of your loan as well as provide you with the necessary resources when questions arise regarding your federal student loans.

Average Indebtedness/Sample Repayment

Our 2008 graduate students who have completed a two-year degree and who borrowed through student loan programs had an average debt of $36,883. 2008 graduate students who have completed a one-year degree and who borrowed through student loan programs had an average debt of $22,294. Using this figure as an example we have calculated what an average monthly payment would be using the 2009-10 Subsidized Stafford Loan Stafford interest rate of 6.80% and the standard repayment term of 10 years.

Two-Year Degree*

One-Year Degree*

Loan Balance: $36,395

Loan Balance: $22,294

Loan Interest Rate: 6.80%

Loan Interest Rate: 6.80%

Loan Term: 10 years

Loan Term: 10 years

Monthly Loan Payment: $418.83

Monthly Loan Payment: $256.56

Number of Payments: 120

Number of Payments: 120

Total Loan Payments: $50,260.44

Total Loan Payments: $30,787.22

Total Interest Paid: $13.865.44

Total Interest Paid: $8,493.22

* Doctor of Music students complete two or three years of coursework but may choose to take additional years in continuation to complete final projects. These figures do not include loans that may have been taken during continuation. Many enrolled students do not participate in student loan programs. For more information contact the Office of Music Admission and Financial Aid.

Contact Information

If you have any questions regarding borrower’s rights and responsibilities and loan terms and conditions, please feel free to contact our office: 847-491-3141

We strongly encourage students to read the loan sections of the Guide to Federal Student Aid which is published by the U.S. Department of Education. The guide provides a wealth of information, including loan repayment schedule and terms, federal loan program deferment, forbearance and cancellation provisions.

Enrollment Classifications

For loan deferment and enrollment verification purposes, student status is defined as follows during regular terms and summer school:

  • Full-time: enrolled in at least three quarter-courses or the equivalent
  • Half-time: enrolled in at least two but fewer than three quarter-courses or the equivalent
  • Part-time: enrolled in fewer than two quarter-courses or the equivalent (also referred to as less than half-time)

Withdrawal Information

It is very important for students to contact the appropriate offices when withdrawing from the University. Students who withdraw must immediately file a withdrawal form, available at the Office of the Registrar. The completed form must bear the required signatures from representatives from the appropriate University offices. Signatures are required from the student's advisor, the Office of Financial Aid, the Office of Student Accounts and Graduate Housing (if applicable). The form must then be submitted to the Office of the Registrar at 633 Clark Street, Evanston, Illinois 60208-1118.

Contact Information: 

The Office of Music Admission and Financial Aid
Bienen School of Music
70 Arts Circle
Evanston, IL 60208-2405
(847) 491-3141 phone
(847/ 467-7440 fax
Email: musiclife@northwestern.edu

Request information from the Bienen School of Music.