by our College Data Analytics TeamFinancial 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.
Uncover the various financial aid options provided by UNI and determine which ones you may be eligible for by continuing your exploration.
University of Northern Iowa average financial aid offer for freshmen students is $4,877.00. 83% of reshman students get financial aid, most of which is in the form of loans
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 loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from University of Northern Iowa 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 following numbers pertain to assistance that is supplied by University of Northern Iowa.
69% of incoming freshmen (1006 total) were given scholarships at University of Northern Iowa, averaging $3,025.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 41% of first-year students (599 total) got a federal grant, for about $3,853.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.19% | $10,534.00 |
| Income 30k-48k | 6.47% | $7,872.00 |
| Income 48k-75k | 9.15% | $5,760.00 |
| Income 75k-110k | 11.63% | $2,729.00 |
| Income 110k + | 13.90% | $1,958.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 1453 undergraduate students at University of Northern Iowa around 83% (1074 total) receive some form of grant aid. The typical amount awarded was $4,877.00.
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.