$5,415

Avg. Federal Grant

$5,561

Avg. Federal Loan

$57,850,803

Total Aid Awarded

Northwestern State University of Louisiana (NSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$57.851M

Financial Aid Official Website

www.nsula.edu/financialaid/

As many as 97% of the students at NSUL get some sort of financial aid, and the total amount of assistance/loans provided is more than $36,043,678 in a year. One can visit NSUL's financial aid page at http://www.nsula.edu/financialaid/ for more information. The total percentage of candidates applying to Northwestern State University of Louisiana who receive the Federal Grant is 54%. On the other hand, 93% of the candidates get the Student Grant, 65% receive the Institution Grant, and 53% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,271, the State Grant receivers and Institution Grant beneficiaries get $4,209 and $4,949, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,888. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At NSUL, an estimated number of 60% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

76%

Institution Grant Aid

66%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,415

State Grant Aid

$4,490

Institution Grant Aid

$4,747

Pell Grant

$5,108

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,997

$30,001 - $48,000

$10,888

$48,001 - $75,000

$8,032

$75,001 - $110,000

$7,723

Over $110,000

$7,048

Student Loans for Northwestern State University of Louisiana (NSU)

Average Loan Amount Average Loan Amount received per year.

$5,921/Year

Students Taking Out Loans

57%

Loan Default Rate

9.4%

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