$6,735

Avg. Federal Grant

$4,887

Avg. Federal Loan

$200,132,628

Total Aid Awarded

Northwestern University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$200.133M

Financial Aid Official Website

www.northwestern.edu/admissions/

Northwestern University has been accredited by the HLC since 1913 and reaffirmed for accreditation in July 2015. Institutional accreditation helps to ensure educational quality and regulatory compliance across American colleges and universities.

Most students need financial aid. The university ensures that according to their eligibility, students receive the appropriate aid. They also provide scholarships and grants for students who either demonstrate academic excellence or require substantial financial support. Northwestern University offers many kinds of financial aid, all of which amount to a an approximate total of US$ 200,132,628.

Northwestern has been accredited by the HLC since 1913 and reaffirmed for accreditation in July 2015. Institutional accreditation helps to ensure educational quality and regulatory compliance across American colleges and universities.

Most students need financial aid. The university ensures that according to their eligibility, students receive the appropriate aid. They also provide scholarships and grants for students who either demonstrate academic excellence or require substantial financial support. Northwestern University offers many kinds of financial aid, all of which amount to an approximate total of US$ 200,132,628.

Scholarships

Most students need financial aid. University ensures that according to their eligibility, students receive the appropriate aid. University also provides scholarships and grants for students who either demonstrate academic excellence or require substantial financial support. Northwestern University offers many kinds of financial aid, amounting to approximately US$200,132,628.

  • Northwestern University Scholarships: The NU Scholarship is usually the final component of an aid package, meeting any remaining need after other forms of aid. NU scholarship based on documented institutional financial needs. Generally, the range of Northwestern University scholarships is US$250 to US$40,000 annually.

  • Northwestern Endowed Scholarships: The students who require a need-based scholarship may receive the name endowed scholarship. In this scholarship amount awarded through endowed scholarships, which replace the amount of any Northwestern University grants and students who meet the criteria specific to each amount. Also, an endowed scholarship can establish a direct connection between you and the donor.

  • Good neighbor, Great University: Northwestern University offers this scholarship to those students who graduate high school from Evanston and Chicago. Eligibility based on exhibited university financial need and range from US$1,000 - US$5,500.

  • National Merit Scholarships: The National Merit Scholarship Corporation administers the National Merit Scholarship Program (NMSC). Sponsors of these scholarships include colleges and universities, corporate and business organizations, and the National Merit Scholarship Corporation (NMSC) itself. To get avail, this scholarship student must be a National Merit Finalist. In contrast, the student cannot receive more than one type of national merit scholarships; students nominated for any corporate National Merit award or a direct National Merit Scholarship Corporation award will not be considered for a Northwestern University sponsored National Merit award.

If you’d like to know more about Northwestern University’s scholarships, visit their official page.

Grants

Northwestern University provides multiple Grants for the feasibility of the students and their ease of pursuing quality knowledge without any Financial Burden; this applies to situations such as special needs students and other such factors

However, the student must remain eligible for grants as ineligibility will render the access to the grants null, at which point the student has to repay it. Students receive some of the following grants:

  • Federal Pell Grant: Federal Pell Grants are the most extensive federal grant program. The Federal Pell Grant meant to assist students from low-income families. These grants offer to undergraduate students who have not yet earned a bachelor's or graduate degree. Students are eligible on the base of the Expected Family Contribution (EFC) on the FAFSA.

  • Federal Supplemental Education Opportunity Grant (SEOG): SEOG helps the students over the federal Pell Grant. All the students who are eligible for the Pell grant are automatically eligible for the SEOG if students exhibit the high need for financial assistance.

  • Illinois Monetary Award Program (MAP): MAP is a state-administered grant program for Illinois residents. The Illinois students are enrolled for at least half-time at an approved Illinois post-secondary institution and who demonstrate financial need and meet other Illinois Student Assistance Commission criteria.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

19%

State Grant Aid

7%

Institution Grant Aid

60%

Pell Grant

19%

Average Aid Awarded

Federal Grant Aid

$6,735

State Grant Aid

$4,789

Institution Grant Aid

$42,714

Pell Grant

$4,560

Northwestern University's financial aid program provides multiple aids. Hence, Total Aid Awarded is US$200,132,628, and as per the number of students receiving total aid and about 56% of the students who applied for it receive the aid.

When it comes to grants, students get the opportunity to take up different grants; federal, institutional, or state grants.

  • Throughout 19% of the students receive Federal Grant Aid, which amounts to an average of US$6,735.

  • 19% of the students receive Pell Grants, which amount to an average of aboutUS$4,560.

  • Almost 7% of the students receive state grants at an average of about US$4,789.

  • 60% of the students receive institutional grants, which amount to an average of about US$42,714.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$59,541

$30,001 - $48,000

$65,531

$48,001 - $75,000

$62,270

$75,001 - $110,000

$55,818

Over $110,000

$32,656

The average Northwestern university federal funding is measured according to the student’s family income. The income class may either pay more or less than the overall average rate, depending on the financial assistance available to the family or the students.

The federal aid for the family income ranging between US$0 - $30,000 is slightly lower, which is average aid of US$59,541 than the family income ranging between US$30,001 - US$48,000, the average aid is US$65,531.A slight change observed with the changing range from $30,001 - $48,000 to $48,001 - 75000; the average aid provided is US$62,270.The primary difference comes when the income range increases from US$75,001 - 110,000 to US$110,000 or more, where average federal aid provided is US$55,818 and US$32,656, respectively.

Student Loans for Northwestern University

Average Loan Amount Average Loan Amount received per year.

$6,994/Year

Students Taking Out Loans

17%

Loan Default Rate

1%

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