$4,626

Avg. Federal Grant

$5,843

Avg. Federal Loan

$85,435,762

Total Aid Awarded

Northern Illinois University (NIU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$85.436M

Financial Aid Official Website

www.niu.edu/fa/

It is interesting to note that, every year, around 97% of students at NIU receive some kind of financial aid, while the total amount of assistance/loans provided is $55,422,135. More information regarding the financial assistance schemes can be accessed on NIU’s official financial aid page at http://www.niu.edu/fa/. At NIU, the total percentage of applicants who receive the Federal Grant stands at 53%. Meanwhile, 95% of the applicants receive the Student Grant and 92% are awarded the Institution Grant, while 52% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,912, the State Grant receivers and Institution Grant beneficiaries get $4,371 and $5,337, respectively. And, for the Pell Grant awardees, the average aid amount is $4,483. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 71% of the applicants to Northern Illinois University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

51%

Institution Grant Aid

85%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,626

State Grant Aid

$4,357

Institution Grant Aid

$5,198

Pell Grant

$4,505

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,490

$30,001 - $48,000

$11,599

$48,001 - $75,000

$9,872

$75,001 - $110,000

$6,528

Over $110,000

$3,798

Student Loans for Northern Illinois University (NIU)

Average Loan Amount Average Loan Amount received per year.

$7,177/Year

Students Taking Out Loans

72%

Loan Default Rate

7.8%

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