Northeastern Illinois University Financial Aid and Scholarships
Students Receiving Aid
68%
Total Aid Amount
$20.849M
Financial Aid Official Website
www.neiu.edu/financial-aid/
Notably, 84% of the students at Northeastern Illinois University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,596,396. One can visit NIU's financial aid page at http://www.neiu.edu/financial-aid/ for more information. The total percentage of candidates applying to Northeastern Illinois University who receive the Federal Grant is 70%. Meanwhile, 75% of the applicants receive the Student Grant and 23% are awarded the Institution Grant, while 70% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,087, the State Grant receivers and Institution Grant beneficiaries get $3,866 and $2,556, respectively. And, for the Pell Grant awardees, the average aid amount is $4,329. 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. 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 Northeastern Illinois University, the percentage of candidates who opt to avail of student loans is around 30%.
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