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 price tag of going to Northwood University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Northwood offer you, and what will you qualify for? Keep reading for more information. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Northwood University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
At Northwood University, 98% of first-time, full-time freshmen received some form of financial aid approximately 313 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $23,349 |
| Institutional grants & scholarships | 95% | $18,329 |
| Federal Pell grants | 25% | $5,831 |
| State/local grants | 61% | $6,050 |
| Federal student loans | 54% | $5,294 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, some 69% of undergraduates were awarded an average grant or scholarship of $17,322 (for some 1381 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $17,322 |
| Federal Pell grants | 26% | $5,305 |
| Federal student loans | 45% | $10,577 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $21,548.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,876 |
| $30,001 – $75,000 | $24,197 |
| Over $75,000 | $28,246 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,232 |
| Off-campus title-IV students | $26,429 |
For a personalized estimate based on your family’s financial situation, use Northwood’s NPC: www.northwood.edu/webapps/finaid/coa/.
The median federal debt load at Northwood comes to $18,750 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,750 |
| Median federal debt (graduates only) | $20,842 |
| Typical 10-year monthly payment (graduates) | $220.96/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Northwood.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,975 |
| 25th percentile | $9,250 |
| 75th percentile | $28,500 |
| 90th percentile (highest-debt students) | $40,137 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $17,500 |
| Middle income | $20,522 |
| High income | $17,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,750 |
| Continuing-generation students | $17,563 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,750 |
| Independent students | $22,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Northwood.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Northwood:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17993 |
| Total Stafford loan amount | $434,310,457 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 59 |
| Total GI Bill amount | $484,098 |
| Average GI Bill amount per recipient | $8,205 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 30 |
| Total DoD amount | $86,024 |
| Average DoD amount per recipient | $2,867 |
References
More about our data sources and methodologies.