$5,116

Avg. Federal Grant

$6,013

Avg. Federal Loan

$20,849,124

Total Aid Awarded

Northeastern Illinois University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

56%

Institution Grant Aid

17%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$5,116

State Grant Aid

$2,660

Institution Grant Aid

$2,815

Pell Grant

$4,934

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,497

$30,001 - $48,000

$6,335

$48,001 - $75,000

$4,346

$75,001 - $110,000

$693

Over $110,000

N/A

Student Loans for Northeastern Illinois University

Average Loan Amount Average Loan Amount received per year.

$6,073/Year

Students Taking Out Loans

24%

Loan Default Rate

5.9%

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