by our College Data Analytics TeamA large number of students will not be asked to pay 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 price tag of going to Northwestern Michigan College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financing options does NMC offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Northwestern Michigan College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Northwestern Michigan College, 88% of the incoming full-time class was awarded financial aid around 341 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $7,926 |
| Institutional grants & scholarships | 52% | $1,571 |
| Federal Pell grants | 46% | $5,026 |
| State/local grants | 66% | $4,861 |
| Federal student loans | 25% | $5,123 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At NMC, approximately 61% of undergraduate students received gift aid averaging $5,759 (covering around 1920 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $5,759 |
| Federal Pell grants | 30% | $3,975 |
| Federal student loans | 21% | $6,114 |
For students living on campus and receiving title-IV aid, grants averaged $7,522.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,465 |
| $30,001 – $75,000 | $5,849 |
| Over $75,000 | $10,382 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,231 |
| Off-campus title-IV students | $5,243 |
To get a personalized net price estimate, try NMC’s official net price calculator: www.nmc.edu/financial-aid/net-price-calculator/index.html.
The middle student in the debt distribution at NMC owes $8,191 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,191 |
| Median federal debt (graduates only) | $12,500 |
| Typical 10-year monthly payment (graduates) | $132.52/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at NMC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,241 |
| 25th percentile | $3,500 |
| 75th percentile | $15,500 |
| 90th percentile (highest-debt students) | $28,229 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,928 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,250 |
| Continuing-generation students | $7,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $10,305 |
The figure below distills the debt data into a single burden category for NMC.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at NMC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12391 |
| Total Stafford loan amount | $166,214,827 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 86 |
| Total GI Bill amount | $624,794 |
| Average GI Bill amount per recipient | $7,265 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $6,744 |
| Average DoD amount per recipient | $1,349 |
References
More about our data sources and methodologies.