$4,869

Avg. Federal Grant

$5,360

Avg. Federal Loan

$40,672,493

Total Aid Awarded

Northern Michigan University (NMU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$40.672M

Financial Aid Official Website

www.nmu.edu/financialaid/

The Financial Aid Office of Northern Michigan University ensures appropriate financial aid funding for students eligible to receive aid. The office advises students of available financial aid sources. The office desires to be a good steward of federal, state, private, and institutional funds. To students, the financial aid process can sometimes seem overwhelming, as they have never been through it before. The percentage of students receiving financial aid is 79%. The average federal loan and federal grant awarded to students are $5,360 and $4,869 respectively.

Financial Aid Requirements:

  • Students must have their high school diploma or its equivalent.

  • Enroll as a regular student in a program or degree.

  • Be a U.S. citizen or eligible noncitizen.

  • Students should have a social security number.

  • Students should make satisfactory academic progress.

  • Applicants must sign certifying statement on the FAFSA, such as agreeing to use Federal student aid funds only for educational expenses.

  • Male students must register with selective service.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

21%

Institution Grant Aid

69%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$4,869

State Grant Aid

$8,399

Institution Grant Aid

$4,553

Pell Grant

$4,687

The Financial Aid breakdown for Northern Michigan University as indicated by the table is as follows:

  • Average Federal Aid is $4,869 and its percentage is 42%.

  • Average State Grant is $8,399 and its percentage is 21%.

  • Institutional Grant is $4,553 and its percentage is 69%

  • Average Pell Grant is $4,687 and its percentage is 41%.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,269

$30,001 - $48,000

$11,257

$48,001 - $75,000

$6,402

$75,001 - $110,000

$2,989

Over $110,000

$1,671

The Average Federal Aid based on family income for earnings between 0$ to $30,000 is $13,269, $30,001 to $48,000 is $11,257, $48,001 to $75,000 is $6,402, $75,001 to $110,000 is $2,989, more than $110,000 is $1,671.

Student Loans for Northern Michigan University (NMU)

Average Loan Amount Average Loan Amount received per year.

$7,119/Year

Students Taking Out Loans

67%

Loan Default Rate

8.5%

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