Scholarships, Grants, and Loan Trends at NKU

18%

Received Percent Changed

$1,615

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 9,162, which is 77.67 % of all undergraduate students. 5,138 students which is 42.78% of undergraduate students received federal student loans and the average loan amount is $6,774.

For full-time, first-time beginning students (freshmen), 94.78% of students received grants or scholarships and 52% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Northern Kentucky University since 2014.

For that period, the average number of students who received grants aid/scholarships is 9,162, which is 77.67 % of all undergraduate students. 5,138 students which is 42.78% of undergraduate students received federal student loans and the average loan amount is $6,774.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-158,562 (67%)$6,8664,277 (33%)$4,4806,589 (51%)$7,120
2015-168,459 (68%)$7,3044,044 (32%)$4,5536,213 (50%)$6,742
2016-179,059 (73%)$6,9393,833 (31%)$4,5625,910 (48%)$6,608
2017-189,371 (76%)$7,4723,796 (31%)$4,8945,709 (46%)$6,403
2018-199,285 (78%)$7,5913,434 (29%)$4,9955,260 (44%)$6,804
2019-209,436 (80%)$7,5863,255 (27%)$4,9815,041 (42%)$6,827
2020-219,623 (84%)$7,9242,943 (26%)$5,2894,368 (38%)$6,816
2021-229,542 (88%)$8,8282,821 (26%)$5,2433,818 (35%)$6,909
2022-239,123 (85%)$8,4812,540 (24%)$5,6973,334 (31%)$6,739
Average9,162 (77.67%)$7,6663,438 (28.78%)$4,9665,138 (42.78%)$6,774
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 1,818 (94.78 % of students) received grants or scholarships and its average amount is $9,351. It can cover 42.68% of tuition & fees ($21,912) based on out-of-state rate.

In addition, 1,012 (51.56 % of students) students get helped from the students loans (average amount : $5,803).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,841 (86%)$7,2861,258 (59%)$5,711
2015-161,919 (87%)$7,9131,271 (58%)$5,461
2016-171,893 (90%)$8,2951,185 (56%)$5,480
2017-182,026 (97%)$8,9411,212 (58%)$5,480
2018-191,902 (98%)$8,9811,103 (57%)$6,053
2019-201,868 (98%)$9,6361,031 (54%)$6,052
2020-211,735 (99%)$10,343764 (43%)$5,689
2021-221,623 (100%)$11,275691 (42%)$6,037
2022-231,553 (98%)$11,492592 (37%)$6,266
Average1,818 (94.78%)$9,3511,012 (51.56%)$5,803
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 680 (34.89 % of students) received Pell (federal) grants and its average amount is $5,018.

In addition, 1,253 students received State/local government grants/scholarships (65.00 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15811 (38%)$4,52971 (3%)$3,5541,334 (62%)$2,0661,212 (57%)$5,555
2015-16818 (37%)$4,64564 (3%)$4,3381,329 (60%)$2,2251,345 (61%)$6,060
2016-17797 (38%)$4,62147 (2%)$3,1591,399 (66%)$2,2651,277 (61%)$6,815
2017-18816 (39%)$4,96067 (3%)$3,4371,384 (67%)$2,3631,706 (82%)$6,193
2018-19685 (35%)$5,114109 (6%)$2,8751,360 (70%)$2,3801,612 (83%)$6,222
2019-20674 (35%)$4,95766 (3%)$1,7901,275 (67%)$2,4931,601 (84%)$7,097
2020-21523 (30%)$5,33050 (3%)$1,7441,125 (64%)$2,4831,679 (95%)$7,312
2021-22537 (33%)$5,237119 (7%)$1,9541,084 (66%)$2,7841,589 (97%)$7,701
2022-23459 (29%)$5,77165 (4%)$1,926990 (63%)$3,1701,489 (94%)$8,016
Average680 (34.89%)$5,01873 (3.78%)$2,7531,253 (65.00%)$2,4701,501 (79.33%)$6,775
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 1,012 (51.56 % of students) get any students loan help and its average loan amount is $1,012.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-151,258 (59%)$5,7111,247 (58%)$5,34260 (3%)$8,717
2015-161,271 (58%)$5,4611,260 (57%)$5,06753 (2%)$10,500
2016-171,185 (56%)$5,4801,172 (56%)$5,04165 (3%)$9,013
2017-181,212 (58%)$5,4801,189 (57%)$4,89790 (4%)$9,110
2018-191,103 (57%)$6,0531,089 (56%)$5,224104 (5%)$9,493
2019-201,031 (54%)$6,0521,016 (53%)$5,21395 (5%)$9,926
2020-21764 (43%)$5,689754 (43%)$4,98858 (3%)$10,090
2021-22691 (42%)$6,037678 (42%)$5,20060 (4%)$10,765
2022-23592 (37%)$6,266571 (36%)$5,19168 (4%)$10,959
Average1,012 (51.56%)$5,803997 (50.89%)$5,12973 (3.67%)$9,841

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