by our College Data Analytics TeamMost 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 price tag of going to Nova Southeastern University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will NUS Florida offer, and what will you qualify for? Read on for more information. Scroll down to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Nova Southeastern University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Nova Southeastern University, 100% of first-time, full-time freshmen received some form of financial aid some 2012 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $24,965 |
| Institutional grants & scholarships | 100% | $19,744 |
| Federal Pell grants | 39% | $5,899 |
| State/local grants | 47% | $5,601 |
| Federal student loans | 46% | $5,296 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At NUS Florida, roughly 93% of undergraduates were awarded grant or scholarship aid averaging $23,575 (covering around 6681 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $23,575 |
| Federal Pell grants | 36% | $5,929 |
| Federal student loans | 45% | $7,104 |
For students living on campus and receiving title-IV aid, grants averaged $26,321.
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 | $28,640 |
| $30,001 – $75,000 | $30,212 |
| Over $75,000 | $35,331 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $30,371 |
| Off-campus title-IV students | $31,303 |
For an estimate tailored to your family circumstances, see NUS Florida’s official net price calculator: www.nova.edu/npc/.
Graduating students at NUS Florida carry a median federal student debt of $16,985 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,985 |
| Median federal debt (graduates only) | $24,250 |
| Typical 10-year monthly payment (graduates) | $257.09/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 NUS Florida.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $8,250 |
| 75th percentile | $31,250 |
| 90th percentile (highest-debt students) | $42,814 |
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 | $19,025 |
| Middle income | $16,750 |
| High income | $13,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,250 |
| Continuing-generation students | $13,625 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,750 |
| Independent students | $25,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. NUS Florida.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at NUS Florida:
| Metric | Value |
|---|---|
| Stafford loan recipients | 116914 |
| Total Stafford loan amount | $8,411,645,203 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 279 |
| Total GI Bill amount | $4,784,132 |
| Average GI Bill amount per recipient | $17,147 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 9 |
| Total DoD amount | $33,642 |
| Average DoD amount per recipient | $3,738 |
References
More about our data sources and methodologies.