by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What amount of Northwest financial assistance will actually be available to you?Get answers to your questions here.
$6,860.00 is the typical Northwest Missouri State University’s first year financial aid package. About 99% of first year students receive 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.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Northwest Missouri State University you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers listed below make reference to help that is offered by Northwest Missouri State University.
90% of new students (1192 total) were given scholarships at Northwest Missouri State University, averaging $5,891.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 86% of freshmen (1146 total) received a federal grant, for about $2,532.00 a person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.85% | $10,329.00 |
| Income 30k-48k | 7.85% | $9,627.00 |
| Income 48k-75k | 9.96% | $8,108.00 |
| Income 75k-110k | 7.92% | $5,341.00 |
| Income 110k + | 10.11% | $3,205.00 |
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.
1304 Northwest undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $6,860.00.
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.