$4,866

Avg. Federal Grant

$5,698

Avg. Federal Loan

$16,332,381

Total Aid Awarded

Northwest University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$16.332M

Financial Aid Official Website

www.northwestu.edu/financialaid/

It is interesting to note that, every year, around 98% of students at NU receive some kind of financial aid, while the total amount of assistance/loans provided is $5,920,246. At NU, the total percentage of applicants who receive the Federal Grant stands at 32%. On the other hand, 98% of the candidates get the Student Grant, 98% receive the Institution Grant, and 32% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,650, and the same stands at $9,135 for State Grant awardees and $17,553 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,451. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Northwest University, the percentage of candidates who opt to avail of student loans is around 65%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

19%

Institution Grant Aid

98%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,866

State Grant Aid

$8,506

Institution Grant Aid

$15,400

Pell Grant

$4,415

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,376

$30,001 - $48,000

$17,398

$48,001 - $75,000

$16,445

$75,001 - $110,000

$14,949

Over $110,000

$12,153

Student Loans for Northwest University

Average Loan Amount Average Loan Amount received per year.

$8,034/Year

Students Taking Out Loans

67%

Loan Default Rate

7.4%

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