by our College Data Analytics TeamThe majority of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at National Louis University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can NLU deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from National Louis University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At National Louis University, 87% of new full-time first-years were awarded at least some aid (about 625 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $11,056 |
| Institutional grants & scholarships | 18% | $4,338 |
| Federal Pell grants | 72% | $5,405 |
| State/local grants | 62% | $6,908 |
| Federal student loans | 10% | $5,251 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At NLU, approximately 83% of undergraduate students received gift aid averaging $15,461 (across approximately 3504 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $15,461 |
| Federal Pell grants | 55% | $5,291 |
| Federal student loans | 22% | $9,786 |
For on-campus title-IV students, average grant aid came to $11,513.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,156 |
| $30,001 – $75,000 | $15,878 |
| Over $75,000 | $23,011 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,641 |
| Off-campus title-IV students | $16,157 |
For an estimate tailored to your family circumstances, see NLU’s net price tool: www.nl.edu/tuition-and-aid/tuition-and-fees/net-price-calculator/.
The median federal debt load at NLU comes to $12,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $19,750 |
| Typical 10-year monthly payment (graduates) | $209.38/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at NLU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,125 |
| 25th percentile | $5,500 |
| 75th percentile | $23,084 |
| 90th percentile (highest-debt students) | $32,208 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,248 |
| Middle income | $10,508 |
| High income | $11,835 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,500 |
| Independent students | $15,042 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. NLU.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at NLU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 35797 |
| Total Stafford loan amount | $1,084,381,291 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 61 |
| Total GI Bill amount | $572,666 |
| Average GI Bill amount per recipient | $9,388 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $10,758 |
| Average DoD amount per recipient | $2,690 |
References
More about our data sources and methodologies.