Scholarships, Grants, and Loan Trends at Northern Michigan

2%

Received Percent Changed

$1,927

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 5,836, which is 82.89 % of all undergraduate students. 4,051 students which is 57.11% of undergraduate students received federal student loans and the average loan amount is $6,297.

For full-time, first-time beginning students (freshmen), 90.22% of students received grants or scholarships and 64% 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 Michigan University since 2014.

For that period, the average number of students who received grants aid/scholarships is 5,836, which is 82.89 % of all undergraduate students. 4,051 students which is 57.11% of undergraduate students received federal student loans and the average loan amount is $6,297.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-156,071 (76%)$6,7182,991 (37%)$4,5534,950 (62%)$6,426
2015-165,796 (77%)$6,9152,684 (36%)$4,5164,533 (60%)$6,363
2016-175,560 (78%)$6,9642,388 (33%)$4,5004,269 (60%)$6,469
2017-185,567 (79%)$7,3062,435 (35%)$4,6304,190 (60%)$6,450
2018-195,602 (79%)$7,4382,383 (34%)$4,7304,129 (58%)$6,176
2019-205,960 (84%)$7,5572,268 (32%)$4,8084,047 (57%)$6,236
2020-216,506 (97%)$6,9502,003 (30%)$4,8503,688 (55%)$6,141
2021-226,456 (98%)$7,9621,935 (29%)$4,9693,393 (51%)$6,198
2022-235,010 (78%)$8,6451,762 (27%)$5,0913,262 (51%)$6,210
Average5,836 (82.89%)$7,3842,317 (32.56%)$4,7394,051 (57.11%)$6,297
*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, 1,323 (90.22 % of students) received grants or scholarships and its average amount is $8,285. It can cover 41.54% of tuition & fees ($19,944) based on out-of-state rate.

In addition, 941 (63.78 % of students) students get helped from the students loans (average amount : $7,282).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,441 (92%)$7,0981,067 (68%)$6,471
2015-161,275 (90%)$7,520913 (64%)$6,638
2016-171,180 (88%)$6,977883 (66%)$7,243
2017-181,222 (82%)$8,4551,004 (67%)$7,119
2018-191,352 (84%)$8,4991,074 (67%)$7,263
2019-201,332 (84%)$9,3351,016 (64%)$7,804
2020-211,343 (100%)$8,291834 (62%)$7,354
2021-221,473 (100%)$9,385857 (58%)$7,609
2022-231,292 (92%)$9,008819 (58%)$8,034
Average1,323 (90.22%)$8,285941 (63.78%)$7,282
*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, 537 (36.44 % of students) received Pell (federal) grants and its average amount is $4,801.

In addition, 305 students received State/local government grants/scholarships (20.78 % 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
2014-15683 (44%)$4,464151 (10%)$1,485338 (22%)$5,6801,323 (84%)$3,806
2015-16562 (40%)$4,51696 (7%)$1,511298 (21%)$6,6191,165 (82%)$4,234
2016-17478 (36%)$4,473103 (8%)$1,432309 (23%)$5,7951,091 (82%)$3,810
2017-18614 (41%)$4,687109 (7%)$1,338315 (21%)$8,3991,024 (69%)$4,553
2018-19607 (38%)$4,858104 (6%)$1,512318 (20%)$8,2681,181 (73%)$4,873
2019-20586 (37%)$4,94573 (5%)$1,353339 (21%)$9,3321,141 (72%)$5,498
2020-21422 (31%)$4,9791,245 (92%)$568268 (20%)$8,7431,338 (99%)$4,472
2021-22489 (33%)$5,0881,467 (99%)$1,426282 (19%)$10,0841,342 (91%)$4,769
2022-23394 (28%)$5,203392 (28%)$334276 (20%)$9,5391,252 (89%)$5,451
Average537 (36.44%)$4,801416 (29.11%)$1,218305 (20.78%)$8,0511,206 (82.33%)$4,607
*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, 941 (63.78 % of students) get any students loan help and its average loan amount is $941.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-151,067 (68%)$6,4711,053 (67%)$5,191157 (10%)$9,166
2015-16913 (64%)$6,638896 (63%)$5,187141 (10%)$10,024
2016-17883 (66%)$7,243864 (65%)$5,314167 (13%)$10,807
2017-181,004 (67%)$7,119989 (66%)$5,360180 (12%)$10,257
2018-191,074 (67%)$7,2631,060 (66%)$5,182200 (12%)$11,536
2019-201,016 (64%)$7,804994 (63%)$5,232233 (15%)$11,707
2020-21834 (62%)$7,354813 (60%)$4,882180 (13%)$12,023
2021-22857 (58%)$7,609822 (56%)$4,905180 (12%)$13,832
2022-23819 (58%)$8,034795 (57%)$5,025194 (14%)$13,328
Average941 (63.78%)$7,282921 (62.56%)$5,142181 (12.33%)$11,409

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