by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Curious about the financial aid opportunities at NIC and what you may be eligible for? Explore the answers here.
$4,691.00 is the typical North Idaho College’s first year financial aid package. Approximately 89% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at North Idaho College.
As well as scholarships, 75% of freshmen (481 total) received a federal grant, for about $3,402.00 a person.
The stats and the chart below refer to mainly grants from federal sources, and some local and state grants.
75% of first-year students at North Idaho College (481 total) got a federal grant, averaging $3,402.00.
Amount of Financial Assistance Per Income Level
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 20.47% | $6,552.00 |
| Income 30k-48k | 11.47% | $5,850.00 |
| Income 48k-75k | 9.46% | $4,436.00 |
| Income 75k-110k | 4.65% | $1,386.00 |
| Income 110k + | 3.57% | $851.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
551 NIC undergrads obtain grant aid (this is about 89% of the entire undergraduate student population). The average amount these students receive is $4,691.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
