by our College Data Analytics TeamThe majority of students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Northern Michigan University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Northern Michigan University deliver, and just what are you going to be eligible for? Read on for answers. Read on to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Northern Michigan University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Northern Michigan University, 96% of first-year full-time students received aid of some kind approximately 1473 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $12,012 |
| Institutional grants & scholarships | 88% | $5,592 |
| Federal Pell grants | 35% | $5,740 |
| State/local grants | 47% | $9,013 |
| Federal student loans | 51% | $4,933 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Northern Michigan University, some 80% of undergraduates were awarded an average grant or scholarship of $9,939 (across roughly 5260 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $9,939 |
| Federal Pell grants | 28% | $5,492 |
| Federal student loans | 46% | $6,141 |
For students living on campus and receiving title-IV aid, grants averaged $13,756.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,093 |
| $30,001 – $75,000 | $14,175 |
| Over $75,000 | $21,915 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $14,085 |
| Off-campus title-IV students | $17,485 |
To project your own net price, use Northern Michigan University’s online cost calculator: www.nmu.edu/financialaid/CostCalculator.
The median federal debt load at Northern Michigan University comes to $13,750 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,750 |
| Median federal debt (graduates only) | $21,474 |
| Typical 10-year monthly payment (graduates) | $227.66/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Northern Michigan University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $6,000 |
| 75th percentile | $25,880 |
| 90th percentile (highest-debt students) | $33,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,479 |
| Middle income | $14,000 |
| High income | $13,670 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,784 |
| Continuing-generation students | $13,479 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,198 |
| Independent students | $15,750 |
A handful of calculated indicators summarize the debt outlook at Northern Michigan University.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Northern Michigan University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 30528 |
| Total Stafford loan amount | $512,965,036 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 109 |
| Total GI Bill amount | $1,172,869 |
| Average GI Bill amount per recipient | $10,760 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 36 |
| Total DoD amount | $121,750 |
| Average DoD amount per recipient | $3,382 |
References
More about our data sources and methodologies.