What Percentage of Undergrads Get Financial Aid?
Northern Michigan University's average financial aid plan for new first year students is $14,158. Around 90.0% of first year students receive some money for college, the majority of which is scholarships and grants.
Student loans are a part of financial aid packages, however the only true discount from the expense of college is a grant or scholarship that you don't have to repay.
Concerned about the loans that may be part of your financial aid plan? Look at the average amount of debt per student at Northern Michigan University.
Number of Northern Michigan University Scholarships & Grants
The numbers below apply to grants and scholarships primarily supplied by the college itself.
82.0% of freshmen (1,165 total) were given scholarships at Northern Michigan University, averaging $4,234 per person. This puts it in the bottom 40th percentile of all schools in the nation.
563 first year students also received a grant. A total of 40.0% of Northern Michigan University first years received grants with an average of $4,766 each recipient.
Check out the typical amount of grants and scholarships first years receive by checking out the chart below.
Grants are normally based on need while scholarships are merit-based.
Financial Aid per Family Income
The following chart demonstrates grant and scholarship allocations by income level for freshman students getting any form of federal Title IV assistance, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||12.2%||$2,434|
Title IV aid contains grants, loans, or work-study granted from the federal government generally determined by financial need. Learn more here.
The Average Undergraduate Who Gets a Scholarship or Grant Will Get $6,915
Of the 7,507 undergrads at Northern Michigan University around 77.0% (5,796 in total) obtain some type of grant aid. The typical number granted was $6,915.
Financial Aid Links from Northern Michigan University
|Financial Aid Department Website||www.nmu.edu/financialaid/|
|Net Price Calculator||www.nmu.edu/financialaidtoolbox/PriceCalculators|