$5,028

Avg. Federal Grant

$5,776

Avg. Federal Loan

$23,077,538

Total Aid Awarded

Northwest Nazarene University (NNU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$23.078M

Financial Aid Official Website

financialaid.nnu.edu

Interestingly, almost all of the students at NNU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,516,922 in a year. More information regarding the financial assistance schemes can be accessed on NNU’s official financial aid page at http://financialaid.nnu.edu. At NNU, the total percentage of applicants who receive the Federal Grant stands at 37%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,985, and the same stands at $2,010 for State Grant awardees and $17,522 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,271. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $20,134 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $23,082 and $20,217, respectively. On the other hand, the average federal aid stands at $17,315 for those with an annual family income between $75,001 and $110,000, and at $16,147 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. At Northwest Nazarene University, the percentage of candidates who opt to avail of student loans is around 68%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

5%

Institution Grant Aid

99%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$5,028

State Grant Aid

$1,560

Institution Grant Aid

$18,074

Pell Grant

$4,438

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,819

$30,001 - $48,000

$24,496

$48,001 - $75,000

$21,349

$75,001 - $110,000

$19,221

Over $110,000

$17,579

Student Loans for Northwest Nazarene University (NNU)

Average Loan Amount Average Loan Amount received per year.

$6,433/Year

Students Taking Out Loans

68%

Loan Default Rate

2.6%

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