University of Northwestern (UNW) Financial Aid and Scholarships
Students Receiving Aid
54%
Total Aid Amount
$30.520M
Financial Aid Official Website
https://unwsp.edu/become-a-student/financial-aid
Interestingly, almost all of the students at UNSP receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $9,141,079 in a year. More information regarding the financial assistance schemes can be accessed on UNSP’s official financial aid page at https://unwsp.edu/become-a-student/financial-aid. The total percentage of candidates applying to University of Northwestern-St Paul who receive the Federal Grant is 30%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 30% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,415, and the same stands at $6,236 for State Grant awardees and $16,127 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,375. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,007 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $20,921, while those falling in the $48,001-$75,000 income category get $21,096 a year. Those with an annual income level of $75,001-$110,000 would receive $19,077, while candidates with more than $110,000 of family income receive an average federal aid of $13,446. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 70% of the applicants to University of Northwestern-St Paul opt for student loans.
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