$4,386

Avg. Federal Grant

$5,564

Avg. Federal Loan

$30,944,055

Total Aid Awarded

Northwest Missouri State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$30.944M

Financial Aid Official Website

www.nwmissouri.edu/FinAid/Index.htm

As many as 98% of the students at NMSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $28,373,511 in a year. For additional information about financial assistance schemes, one can head over to NMSU’s financial aid page at http://www.nwmissouri.edu/FinAid/Index.htm. At NMSU, the total percentage of applicants who receive the Federal Grant stands at 41%. On the other hand, 97% of the candidates get the Student Grant, 90% receive the Institution Grant, and 41% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,509, and the same stands at $2,010 for State Grant awardees and $5,690 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,536. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Northwest Missouri State University, the percentage of candidates who opt to avail of student loans is around 67%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

37%

Institution Grant Aid

93%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,386

State Grant Aid

$2,102

Institution Grant Aid

$5,625

Pell Grant

$4,309

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,061

$30,001 - $48,000

$9,589

$48,001 - $75,000

$7,349

$75,001 - $110,000

$4,724

Over $110,000

$3,602

Student Loans for Northwest Missouri State University

Average Loan Amount Average Loan Amount received per year.

$6,076/Year

Students Taking Out Loans

65%

Loan Default Rate

7.9%

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