Loans are offered after eligibility for grants has been considered. (Grants are "free" money for education. Learn more about available grants.) Student loans should be borrowed with the full realization that the money must be repaid with interest. There are several types of student loans, so it is important to understand the terms and conditions of each loan. You may access your total outstanding loan balance and view your Loan Servicer contact information via the National Student Loan Data System (NSLDS).

Loan Types

Federal Direct Subsidized Loan
Federal Direct Unsubsidized Loan
Federal PLUS Loan (Parent Loan)
Wisconsin Nursing Student Loan
Alternative (Private) Loans

Entrance Counseling

The Department of Education states that all first time borrowers complete Entrance Counseling before receiving a Federal Direct Stafford Loan.  Entrance Counseling is an online tutorial designed to help you better understand your rights and responsibilities as a Direct Stafford Loan borrower.


HOW TO: Complete your Direct Loan Entrance Counseling

Follow the steps listed below once you have opened, the Department of Education online student loans portal. NOTE: Make sure you complete Entrance Counseling NOT Financial Awareness Counseling.

Begin Entrance Counseling

Master Promissory Note

HOW TO: Complete your Direct Loan Master Promissory Note

All students receiving a Federal Direct Stafford loan are required to sign a Master Promissory Note (MPN).  The MPN is the agreement to repay the loan and covers multiple loan disbursements during your academic career. The expiration is 10 years from the date signed. To complete your MPN please go to

Direct Loan Exit Counseling

The Department of Education states that all Federal Direct Stafford loan borrowers complete Exit Counseling.  Exit Counseling is required when you graduate, leave school, or drop below half time enrollment. Exit Counseling provides important information you need to prepare to repay your federal student loan(s).  At the end, you will need to provide the name, address, e-mail address and telephone number for your next of kin, two references who live in the United States and current or expected employer information (if known).

Begin Exit Counseling

Once you have completed the online Exit Counseling session, the information will be sent electronically to the Financial Aid Office.

Loan Repayment

GradReady - a free online resource to help you manage your student loans

GradReady is a free, online resource that helps students finance a higher education, manage student loans and repayment, and build personal finance skills. Learn more about managing your tuition, budget, and bills.

Default Rates

NWTC 3-Year Cohort Default Rates (CDRs)

The cohort default rate is the percentage of a school's students who had certain federal student loans enter repayment in a federal fiscal year and then default prior to the end of the second fiscal year. 

Cohort Year: Represents loans that first entered repayment during this first federal fiscal year.
Year Published: The official cohort default rate was calculated and announced to the public during this calendar year. 
Rate: The cohort default rate for loans used to attend NWTC. 

Cohort Year: 2017
Year Published: 2020
Rate: 14.7%
​National Rate: 9.7%

Cohort Year: 2016
Year Published: 2019
Rate: 16.2%
​National Rate: 10.1%

Cohort Year: 2015
Year Published: 2018
Rate: 18.8%
National Rate: 10.8%