$4,869
Avg. Federal Grant
$5,360
Avg. Federal Loan
$40,672,493
Total Aid Awarded
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.
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.
Student Receiving Aid
Federal Grant Aid
42%
State Grant Aid
21%
Institution Grant Aid
69%
Pell Grant
41%
Average Aid Awarded
$8,399
$4,553
$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%.
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.
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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