$5,629

Avg. Federal Grant

$5,902

Avg. Federal Loan

$14,879,328

Total Aid Awarded

Northland College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$14.879M

Financial Aid Official Website

https://www.northland.edu/admissions/financial-aid/

Among them are scholarship programs such as Academic Excellence Scholarship, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and David L. Gasser Memorial Scholarship. Notably, 99% of the students at Northland College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,204,248. One can visit NC's financial aid page at https://www.northland.edu/admissions/financial-aid/ for more information. Notably, a total of 54% of the applicants to Northland College receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 53% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,173, and the same stands at $3,218 for State Grant awardees and $24,229 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,887. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $31,259 in a year. The average aid amount stands at $30,332 for an annual family income between $30,001 and $48,000. This amount comes to $27,038 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $23,014 for those with an annual family income between $75,001 and $110,000, and at $20,722 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 77% of the applicants to Northland College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

34%

Institution Grant Aid

99%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,629

State Grant Aid

$2,883

Institution Grant Aid

$23,464

Pell Grant

$4,548

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$32,925

$30,001 - $48,000

$31,237

$48,001 - $75,000

$28,892

$75,001 - $110,000

$24,410

Over $110,000

$21,992

Student Loans for Northland College

Average Loan Amount Average Loan Amount received per year.

$8,122/Year

Students Taking Out Loans

82%

Loan Default Rate

4.6%

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