by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Interested in understanding the financial aid resources available at North Central University and your eligibility? Find the answers you seek below.
North Central University average financial aid offer for freshmen students is $15,385.00. About 99% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at North Central University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
96% of incoming freshmen (234 total) were awarded scholarships at North Central University, averaging $11,821.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 44% of freshman students (108 total) obtained federal grant aid, averaging $4,869.00 a piece.
Amount of Financial Assistance Per Income Level
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.20% | $15,896.00 |
| Income 30k-48k | 10.20% | $18,168.00 |
| Income 48k-75k | 18.37% | $17,743.00 |
| Income 75k-110k | 13.47% | $13,271.00 |
| Income 110k + | 9.39% | $10,248.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 245 undergraduate students at North Central University around 99% (242 total) receive some form of grant aid. The typical amount awarded was $15,385.00.
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.