Northwest University Financial Aid and Scholarships
Students Receiving Aid
93%
Total Aid Amount
$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%.
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