$5,288

Avg. Federal Grant

$5,533

Avg. Federal Loan

$2,315,161

Total Aid Awarded

North American University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$2.315M

Financial Aid Official Website

www.na.edu/financialaid/

As many as 96% of the students at NAU get some sort of financial aid, and the total amount of assistance/loans provided is more than $327,755 in a year. Notably, a total of 63% of the applicants to North American University receive the Federal Grant every year. Meanwhile, 96% of the applicants receive the Student Grant and 96% are awarded the Institution Grant, while 63% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,973. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At North American University, the percentage of candidates who opt to avail of student loans is around 40%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

N/A

Institution Grant Aid

98%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$5,288

State Grant Aid

N/A

Institution Grant Aid

$4,449

Pell Grant

$5,159

The North American University’s financial aid includes Federal Grants, Pell Grants, State grants and Institutional grants, with Institutional grants awarded to  98% of the total students with the average aid amount being $4,449.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,327

$30,001 - $48,000

$8,828

$48,001 - $75,000

$5,054

$75,001 - $110,000

$7,000

Over $110,000

$2,000

As per the data from the North American University’s financial aid office, lower the family income higher is the amount of financial aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $10,327 while those with family income over $110,000 can expect to receive an aid amount of $2,000. This ensures that bulk of the money is flowing towards those who need it the most.

Student Loans for North American University

Average Loan Amount Average Loan Amount received per year.

$5,533/Year

Students Taking Out Loans

46%

Loan Default Rate

24.3%

Other Colleges In Texas

Other Private not-for-profit Colleges

Saint Leo University
Saint Leo University

Saint Leo, Florida

Harvard University
Harvard University

Cambridge, Massachusetts

Independence University
Independence University

Salt Lake City, Utah