How NKU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Northern Kentucky University since 2013.

For that period, the average number of students who received grants aid/scholarships is 9,103, which is 75.67 % of all undergraduate students. 5,537 students which is 45.33% of undergraduate students received federal student loans and the average loan amount is $6,823.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	8,588 (67%)	$6,528	4,371 (34%)	$4,394	6,925 (54%)	$7,179
2014-15	8,562 (67%)	$6,866	4,277 (33%)	$4,480	6,589 (51%)	$7,120
2015-16	8,459 (68%)	$7,304	4,044 (32%)	$4,553	6,213 (50%)	$6,742
2016-17	9,059 (73%)	$6,939	3,833 (31%)	$4,562	5,910 (48%)	$6,608
2017-18	9,371 (76%)	$7,472	3,796 (31%)	$4,894	5,709 (46%)	$6,403
2018-19	9,285 (78%)	$7,591	3,434 (29%)	$4,995	5,260 (44%)	$6,804
2019-20	9,436 (80%)	$7,586	3,255 (27%)	$4,981	5,041 (42%)	$6,827
2020-21	9,623 (84%)	$7,924	2,943 (26%)	$5,289	4,368 (38%)	$6,816
2021-22	9,542 (88%)	$8,828	2,821 (26%)	$5,243	3,818 (35%)	$6,909
Average	9,103 (75.67%)	$7,449	3,642 (29.89%)	$4,821	5,537 (45.33%)	$6,823

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

Overview

For the last 10 years, on average, 1,852 (93.22 % of students) received grants or scholarships and its average amount is $8,867. It can cover 41.28% of tuition & fees ($21,480) based on out-of-state rate.

In addition, 1,093 (54.11 % of students) students get helped from the students loans (average amount : $5,750).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,863 (84%)	$7,130	1,320 (60%)	$5,790
2014-15	1,841 (86%)	$7,286	1,258 (59%)	$5,711
2015-16	1,919 (87%)	$7,913	1,271 (58%)	$5,461
2016-17	1,893 (90%)	$8,295	1,185 (56%)	$5,480
2017-18	2,026 (97%)	$8,941	1,212 (58%)	$5,480
2018-19	1,902 (98%)	$8,981	1,103 (57%)	$6,053
2019-20	1,868 (98%)	$9,636	1,031 (54%)	$6,052
2020-21	1,735 (99%)	$10,343	764 (43%)	$5,689
2021-22	1,623 (100%)	$11,275	691 (42%)	$6,037
Average	1,852 (93.22%)	$8,867	1,093 (54.11%)	$5,750

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 723 (35.89 % of students) received Pell (federal) grants and its average amount is $4,883.

In addition, 1,285 students received State/local government grants/scholarships (64.33 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	843 (38%)	$4,554	78 (4%)	$3,493	1,272 (57%)	$2,137	1,131 (51%)	$5,706
2014-15	811 (38%)	$4,529	71 (3%)	$3,554	1,334 (62%)	$2,066	1,212 (57%)	$5,555
2015-16	818 (37%)	$4,645	64 (3%)	$4,338	1,329 (60%)	$2,225	1,345 (61%)	$6,060
2016-17	797 (38%)	$4,621	47 (2%)	$3,159	1,399 (66%)	$2,265	1,277 (61%)	$6,815
2017-18	816 (39%)	$4,960	67 (3%)	$3,437	1,384 (67%)	$2,363	1,706 (82%)	$6,193
2018-19	685 (35%)	$5,114	109 (6%)	$2,875	1,360 (70%)	$2,380	1,612 (83%)	$6,222
2019-20	674 (35%)	$4,957	66 (3%)	$1,790	1,275 (67%)	$2,493	1,601 (84%)	$7,097
2020-21	523 (30%)	$5,330	50 (3%)	$1,744	1,125 (64%)	$2,483	1,679 (95%)	$7,312
2021-22	537 (33%)	$5,237	119 (7%)	$1,954	1,084 (66%)	$2,784	1,589 (97%)	$7,701
Average	723 (35.89%)	$4,883	75 (3.78%)	$2,927	1,285 (64.33%)	$2,355	1,461 (74.56%)	$6,518

^*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..

Student Loans

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, 1,093 (54.11 % of students) get any students loan help and its average loan amount is $1,093.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,320 (60%)	$5,790	1,306 (59%)	$5,408	67 (3%)	$8,674
2014-15	1,258 (59%)	$5,711	1,247 (58%)	$5,342	60 (3%)	$8,717
2015-16	1,271 (58%)	$5,461	1,260 (57%)	$5,067	53 (2%)	$10,500
2016-17	1,185 (56%)	$5,480	1,172 (56%)	$5,041	65 (3%)	$9,013
2017-18	1,212 (58%)	$5,480	1,189 (57%)	$4,897	90 (4%)	$9,110
2018-19	1,103 (57%)	$6,053	1,089 (56%)	$5,224	104 (5%)	$9,493
2019-20	1,031 (54%)	$6,052	1,016 (53%)	$5,213	95 (5%)	$9,926
2020-21	764 (43%)	$5,689	754 (43%)	$4,988	58 (3%)	$10,090
2021-22	691 (42%)	$6,037	678 (42%)	$5,200	60 (4%)	$10,765
Average	1,093 (54.11%)	$5,750	1,079 (53.44%)	$5,153	72 (3.56%)	$9,588

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Scholarships, Grants, and Loan Trends at NKU

All Undergraduate Students Financial Aid Over Time

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