$3,734

Avg. Federal Grant

$10,001

Avg. Federal Loan

$43,753,295

Total Aid Awarded

Norfolk State University (NSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$43.753M

Financial Aid Official Website

https://www.nsu.edu/Admissions-Aid

Students can avail of scholarships provided by the university, such as Thurgood Marshall College Fund Scholarships and Virginia Military Survivors and Dependents Education Program, if they find educational expenses to be on the higher side. As many as 78% of the students at NSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $34,925,663 in a year. One can visit NSU's financial aid page at https://www.nsu.edu/Admissions-Aid for more information. The total percentage of candidates applying to Norfolk State University who receive the Federal Grant is 73%. In comparison, 76% of the students are awarded the Student Grant, 46% get the Institution Grant, and 73% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,188, the State Grant receivers and Institution Grant beneficiaries get $6,108 and $4,647, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,843. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At NSU, an estimated number of 78% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

56%

Institution Grant Aid

39%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$3,734

State Grant Aid

$6,453

Institution Grant Aid

$2,437

Pell Grant

$3,581

Student eligibility for financial aid depends on several parameters such as Expected Family Contribution (EFC), cost of attendance, the financial aid eligibility set by the office at college or universities to determine how much financial aid students are eligible to obtain. Students and families can use this data to evaluate a financial plan and their options and decide which financial strategy is best for them. As of the data we found on Norfolk State University:

  • 80% of students earn grants, an average of approximately $43,753,295

  • Approximately 71% of students receive Federal Grant Funding, which amounts to an average of $3734

  • 71% of students receive Pell Grants, which amounts to an average of about $3581.

  • Approximately 56% of students receive state grants at an average of about $6453.

  • 39% of students receiving the institutional grant at an average of about $2,437

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,517

$30,001 - $48,000

$10,833

$48,001 - $75,000

$9,838

$75,001 - $110,000

$4,227

Over $110,000

$5,448

FAFSA determines how much a student must contribute each year to the college tuition, how much financial aid they are eligible for, and how it provides the students with a clear understanding of what to expect from each type of assistance they receive. With that said, we are able to provide an eagle eye perspective on how much you may expect to receive based on your family income.

The average federal assistance received for a student with a family income ranging from $0-$30,000 is $ 11517, while a student with a family income ranging from $ 30,001-$48,000 is $10,833. The student has a family income ranging from $48,001-$75,000; the average federal aid received by them is $9,838. With that said, the student with an annual income ranging from $75,001-$110,000 the average federal aid is around $4,227. The student has an annual income level of over $110,000; the average amount of federal aid provided is $5,448.

Student Loans for Norfolk State University (NSU)

Average Loan Amount Average Loan Amount received per year.

$10,704/Year

Students Taking Out Loans

83%

Loan Default Rate

11.3%