$4,299

Avg. Federal Grant

$5,546

Avg. Federal Loan

$21,268,685

Total Aid Awarded

Northwestern College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$21.269M

Financial Aid Official Website

https://www.nwciowa.edu/financial-aid

It is interesting to note that almost every student at NC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,845,463. More information regarding the financial assistance schemes can be accessed on NC’s official financial aid page at https://www.nwciowa.edu/financial-aid. Notably, a total of 29% of the applicants to Northwestern College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 29% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,546, while the same comes to $5,323 for State Grant receivers and $17,760 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,855. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $21,840 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $22,107, while those falling in the $48,001-$75,000 income category get $21,265 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $19,994. And, for those with a family income of more than $110,000, the amount stands at $16,558. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At NC, an estimated number of 67% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

25%

State Grant Aid

30%

Institution Grant Aid

100%

Pell Grant

25%

Average Aid Awarded

Federal Grant Aid

$4,299

State Grant Aid

$5,260

Institution Grant Aid

$16,589

Pell Grant

$3,730

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,820

$30,001 - $48,000

$24,820

$48,001 - $75,000

$21,094

$75,001 - $110,000

$20,069

Over $110,000

$17,669

Student Loans for Northwestern College

Average Loan Amount Average Loan Amount received per year.

$8,116/Year

Students Taking Out Loans

71%

Loan Default Rate

2.7%

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