$4,896

Avg. Federal Grant

$3,955

Avg. Federal Loan

$10,724,195

Total Aid Awarded

National Louis University (NLU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$10.724M

Financial Aid Official Website

www.nl.edu/studentservices/finaid/

Investing in a student’s education is important, but it doesn’t have to be complicated. With this in mind, the National Louis University provides all the information that a student and his or her family need to navigate and understand every aspect of the financial aid process so the student can determine the steps that are right for them. Whether a student is an incoming or current student, the university will assist them by providing comprehensive guidance about their financial aid options.

The National Louis University aims to provide financial aid to every qualified student who deserves or needs the National Louis University’s financial aid. It aims to provide the students with an ample amount of assistance for availing the University financial aid which supports the maximum number of capable and promising students. 

Apart from the financial aid breakdown that is mentioned below, there are several other scholarships that are provided by the university. These are listed below

Scholarships

  • Louis Scholarship
  • Baker Scholarship
  • D214 National Louis Scholarship
  • Alumni Scholarship
  • McCormick Center Student and Alumni Scholarship

An amount of $10,724,195 is awarded as total aid by the university.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

84%

State Grant Aid

84%

Institution Grant Aid

1%

Pell Grant

84%

Average Aid Awarded

Federal Grant Aid

$4,896

State Grant Aid

$4,321

Institution Grant Aid

$3,339

Pell Grant

$4,767

The table here provides details about the financial aid offered by the university and is broadly divided into four categories namely federal grants, pell grants, state grants, and institutional grants.

Among all the grants provides by the university the maximum percentage of contribution is by the federal grant aid, pell grant aid, and state grant aid. All of these three aids covers about 84% of the student population each.

The average aid amount provided under the Federal-aid grant is $4,896. For the pell grant aid, this average amount is $4,767. Lastly, an amount of $4,321 on an average is provided under the state aid.

The Institutional grant aid the coverage is about 1% which the lowest among all the mentioned grants and the average grant aid amounts to $3,339.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,280

$30,001 - $48,000

$8,762

$48,001 - $75,000

$6,712

$75,001 - $110,000

$2,709

Over $110,000

N/A

It is clearly mentioned in the above table that a student from a low-income family is likely to expect a higher amount of financial aid provided.

For those students who fall under the category of low family income i.e. less than $30,000 the amount of financial aid is of $9,280 whereas those students whose family income is $75,001 to $110,000 the aid amounts sum up to $2,709 is considerably low when compared to the previous amount as they are capable of handling the educational expenditures.

These federal aids help students of low-income backgrounds to complete their degrees with much ease. The details for the federal aid provided to the students who have over $110,000 of family income are not given as the data was insufficient. Please visit the official website for more details regarding the same.

Student Loans for National Louis University (NLU)

Average Loan Amount Average Loan Amount received per year.

$3,955/Year

Students Taking Out Loans

15%

Loan Default Rate

6.6%

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