by our College Data Analytics TeamThe total cost of attendance at North American University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Uncover the various financial aid options provided by North American University and determine which ones you may be eligible for by continuing your exploration.
North American University average financial aid offer for freshmen students is $12,555.00. 96% of reshman students get financial aid, most of which is in the form of grants and scholarships
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at North American University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers apply to scholarships and grants largely offered by the school itself.
92% of incoming freshmen (45 total) were awarded scholarships at North American University, averaging $9,529.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 51% of freshmen (25 total) received a federal grant, for about $6,451.00 a person.
Amount of Financial Assistance Per Income Level
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 40.82% | $10,569.00 |
| Income 30k-48k | 6.12% | $11,312.00 |
| Income 48k-75k | 0.00% | $0.00 |
| Income 75k-110k | 2.04% | $6,000.00 |
| Income 110k + | 2.04% | $6,000.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 49 undergraduate students at North American University around 96% (47 total) receive some form of grant aid. The typical amount awarded was $12,555.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.