$6,763

Avg. Federal Grant

$5,421

Avg. Federal Loan

$66,491,340

Total Aid Awarded

Nova Southeastern University (NSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$66.491M

Financial Aid Official Website

www.nova.edu/financialaid/

Education is becoming much more expensive all around the world. With limited resources, it often becomes difficult for students to pay their bills on time. Nova Southeastern University recognizes these difficulties and also provides a wide range of scholarships, grants and student loans to help their students cope with the financial burden. The university caters to 87% of the students who apply for financial aid.

The first step to availing Financial Aid is filling out the Free Application for Federal Student Aid (FAFSA). Nova Southeastern University’s Federal School Code is 001509. Once you fill out the FAFSA form, you become eligible for scholarships, based on your financial background.

Scholarship

NSU offers a wide range of scholarship opportunities for undergraduates, graduates, and first-professional students. With the help of generous donations from alumni, corporations, and many more, the university is also able to provide scholarships to first-year and continuing students. We have mentioned a few of the scholarships down below.

  • Alvin Sherman Family Scholarship
  • Honors College Scholarship
  • McCahill Scholarship (FMCE)
  • Doris Benefield Harold Fund
  • James O. Elmore Fund
  • Chancellor's Fellow Endowment
  • Dewey W. Knight Jr. Scholarship
  • Glen W. Jack Changing Lives Scholarship

The university has provided an in-depth breakdown of the scholarships awarded based on the degree which you are pursuing. Do visit NSU’s Scholarship webpage to find out more!

Grants

  • Federal Pell Grants: NSU offers the Federal Pell Grant to 37% of the students enrolled at the university. The average amount offered per year to each student is $6,763. The amount offered to each student varies according to the rules and regulations set under the Federal Pell Grant program. However, this grant is available only for students pursuing a Bachelor’s degree.
  • State Grants: NSU offers an average amount of $6,790 to 51% of its students as state grants.
  • Institutional Grants: Institution grants cater to the needs of 98% of the students by offering an average amount of $15,535 to each student.

Student Loans

48% of the students enrolled at NSU take student loans. Most students generally avail $7,417 per year at a default rate of 2.2%. Nova Southeastern University offers Private loans, Subsidized Federal Direct Loan, and Unsubsidized Federal Direct Loans. You can read more about Loans for Undergraduate students and Loans for Graduate and Professional Degree students on the university’s website.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

51%

Institution Grant Aid

98%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$6,763

State Grant Aid

$6,790

Institution Grant Aid

$15,535

Pell Grant

$5,747

The university has provided an in-depth breakdown of the financial aid, which we have covered down below.

  • Up until today, NSU has offered a total financial aid of $66,491,340 in the form of scholarships, grants and loans.
  • Nova Southeastern University provides financial aid to around 87% of its students.
  • NSU offers the Pell Grant to 37% of the students. Each student receives an average amount of $5,747.
  • Federal Grant is offered to 37% of the students, with an average amount of $6,763 provided to each student.
  • An average of $15,535 is offered to 98% of the students in the form of Institution Grants.
  • Around 51% of the students receive State Grants which amount to $6,790 per student.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,602

$30,001 - $48,000

$24,143

$48,001 - $75,000

$20,738

$75,001 - $110,000

$17,560

Over $110,000

$19,547

The university also provides Financial Aid which depends on the student’s family income. Students with higher family incomes receive substantially lower aid as compared to students who fall into the lower-income brackets. Students whose family income lies between $0 and $30,000 receive an average financial aid of $24,602. Meanwhile, $24,143 and $20,738 is offered to students whose income bracket falls in between $30,001 to $48,000 and $48,001 to $75,000 respectively. Higher-income groups receive a substantially lesser amount. $17,560 is offered to students whose family income lies between $75,001 and $110,000, while $19,547 is offered to those who earn more than $110,000 annually.

Student Loans for Nova Southeastern University (NSU)

Average Loan Amount Average Loan Amount received per year.

$7,417/Year

Students Taking Out Loans

48%

Loan Default Rate

2%

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