by our College Data Analytics TeamThe majority of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Northcentral University can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Northcentral University offer you, and what will you qualify for? Read on for more information. Read on to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Northcentral University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Northcentral University, some 38% of undergrads got grants or scholarships worth on average $4,048 (across roughly 37 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $4,048 |
| Federal Pell grants | 38% | $4,048 |
| Federal student loans | 45% | $4,933 |
The median federal debt load at Northcentral University comes to $9,430 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,430 |
| Median federal debt (graduates only) | $12,500 |
| Typical 10-year monthly payment (graduates) | $132.52/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Northcentral University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,713 |
| 25th percentile | $4,067 |
| 75th percentile | $17,155 |
| 90th percentile (highest-debt students) | $28,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,021 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,430 |
| Continuing-generation students | $8,696 |
A handful of calculated indicators summarize the debt outlook at Northcentral University.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Northcentral University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 40583 |
| Total Stafford loan amount | $1,121,544,676 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 437 |
| Total GI Bill amount | $3,883,719 |
| Average GI Bill amount per recipient | $8,887 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $16,250 |
| Average DoD amount per recipient | $1,477 |
References
More about our data sources and methodologies.