by our College Data Analytics TeamA large number of students will not be asked to pay 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 total price of attendance at Northeastern Junior College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financing solutions does NJC deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Northeastern Junior College.
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 Northeastern Junior College, 89% of the incoming full-time class was awarded financial aid some 243 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $6,388 |
| Institutional grants & scholarships | 61% | $2,279 |
| Federal Pell grants | 38% | $6,112 |
| State/local grants | 45% | $3,264 |
| Federal student loans | 32% | $4,992 |
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 this school, around 47% of undergraduate students received gift aid averaging $6,930 (for some 703 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $6,930 |
| Federal Pell grants | 23% | $6,090 |
| Federal student loans | 17% | $5,489 |
For on-campus title-IV students, average grant aid came to $7,757.
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 | $10,353 |
| $30,001 – $75,000 | $11,836 |
| Over $75,000 | $18,149 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,801 |
| Off-campus title-IV students | $13,224 |
To project your own net price, use NJC’s official net price calculator: www.njc.edu/cost-calculator/.
Graduating students at NJC carry a median federal student debt of $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,376 |
| Typical 10-year monthly payment (graduates) | $99.4/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. These percentiles trace how cumulative federal debt is spread among borrowers at NJC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,625 |
| 25th percentile | $3,500 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $15,678 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,940 |
| Middle income | $5,988 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for NJC.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at NJC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5201 |
| Total Stafford loan amount | $42,890,931 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $45,857 |
| Average GI Bill amount per recipient | $3,821 |
References
More about our data sources and methodologies.