Pay for Northwestern University*
| Total Avg. Cost | $56,406 |
| Tuition | $38,463 |
| Room & Board | $11,703 |
| Financial Aid Information | |
| Students Receiving Fin Aid | 54% |
| Typical Grant Amounts | |
| State/Local | $4,568 |
| Federal | $7,409 |
| %Receiving Loans | 33% |
| Avg. Other Stud. Loans | $9,613 |
| %Receiving Other Loans | 6% |
Get into Northwestern University
| Admission Rate | 27% |
| Total Enrollment | 8,512 |
| Men | 49% |
| Women | 51% |
| Graduation Rate | 95% |
| Application Fee | $65 |
Contact Northwestern University
| Address | |
|
633 Clark St Evanston, IL 60208 (847) 491-3741 |
|
| Financial Aid Office URL | |
| http://www.northwestern.edu/admissions | |
| Admissions Office URL | |
| http://www.northwestern.edu/admissions | |
Northwestern Financial Aid
About Northwestern University
Northwestern's roots can be traced back to the 1850s. Today, the university has matured into one of the nationally recognized institutes of higher education for its premium educational programs at undergrad and master's level. Northwestern University is known for its 2500 top notch faculty members that comprise of Tony Award winners and members of esteemed societies like the American Academy of Arts and Sciences.
Northwestern Financial Aid
Northwestern University financial aid can take many forms such as Scholarships and Grants, Student Employment, and Student Loans. The Northwestern University financial aid office at the University evaluates the financial needs of the students and helps them select the most suitable financial aid program accordingly. The US citizens can obtain federally sponsored grants which include Federal Pell grants, Supplemental Education Opportunity grants, Academic Competitive grants and SMART grants. Grants are also provided under state grant programs.
Applying for Northwestern University Financial Aid
The application process for regular decision, early decision and international students varies considerably. If you come under regular decision, you start by filling your FAFSA, followed by submitting tax materials and other documents required by the college. Once you submit the FAFSA and other materials, your application process will be complete. NU's Financial Aid Committee determines your financial need and ultimately your Northwestern University financial aid package in accordance with your demonstrated need. You will then receive a financial aid package within a short period of time. All students are required to reapply for financial aid every year.Northwestern University Financial Aid Packages
Like grants, scholarships, are a widely popular financial aid tool as well. More than half of the student population at NU receives institutional scholarships on the basis of their financial needs. Students who demonstrate a financial need are provided with on and off campus working opportunities through the university as well. NU makes higher education increasingly accessible through various student loan programs. Student loan programs supplement the federal aid resources. Students can avail need based federal loans like the Federal Stafford Loans and Perkin Loans to meet their educational expenses. The student loan office at NU provides students and parents with an institutionally sponsored loan program, the NU Loan Program. Also, the students can obtain private loans from private lenders and agencies such as Sallie Mae or Citibank, to accomplish their educational goals.
Through our student loan Comparison Tool it is now easier for you to weigh the pros and cons of each option. Try it out before you decide on any sort of student loan.
Frequently Asked Questions
Q: Why do Northwestern students need Financial Aid?
A: A high quality education is an important element to securing a great job in today's competitive job market.However, the rising educational costs in the Northwestern United States have made it more difficult for students to obtain high quality higher education. A majority of the students apply for financial aid to help meet the various education related expenses. Several sources of financial aid are now available for students which can be utilized for meeting these expenses.
Q: How can we finance Northwestern Financial Aid?
A: One way of financing your education is to apply for Federal Loans. Federal Loans include Stafford Loans, Perkins Loans, and PLUS Loans. These loans come with low interest rates and easy repayment terms,but can be subject to many restrictions by the educational institutions approving them. Private loans can be obtained from lending organizations like Sallie Mae. Every lending institution has its own terms and conditions relating to the student loans; for example, banks like Wachovia offer education loans which do not have to be repaid while you are in school. The interest rates offered also vary considerably from bank to bank. Though rare, students might have the option of getting a loan directly from their university or college.These loans are usually interest free and have easy repayment terms and conditions. Students can also obtain financial aid in the form of scholarships and grants which do not have to be repaid.
Q: How to choose the best option for Northwestern University Financial Aid?
A: Financial aid is useful for effectively meeting your academic expenses. You must explore the available options very cautiously before choosing one. Seeking professional advice may also be a great idea in case you have a lot of questions about your options.