How Northern Michigan'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 Michigan University since 2013.

For that period, the average number of students who received grants aid/scholarships is 5,938, which is 82.22 % of all undergraduate students. 4,272 students which is 58.56% of undergraduate students received federal student loans and the average loan amount is $6,322.

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	5,925 (72%)	$6,756	3,191 (39%)	$4,482	5,246 (64%)	$6,437
2014-15	6,071 (76%)	$6,718	2,991 (37%)	$4,553	4,950 (62%)	$6,426
2015-16	5,796 (77%)	$6,915	2,684 (36%)	$4,516	4,533 (60%)	$6,363
2016-17	5,560 (78%)	$6,964	2,388 (33%)	$4,500	4,269 (60%)	$6,469
2017-18	5,567 (79%)	$7,306	2,435 (35%)	$4,630	4,190 (60%)	$6,450
2018-19	5,602 (79%)	$7,438	2,383 (34%)	$4,730	4,129 (58%)	$6,176
2019-20	5,960 (84%)	$7,557	2,268 (32%)	$4,808	4,047 (57%)	$6,236
2020-21	6,506 (97%)	$6,950	2,003 (30%)	$4,850	3,688 (55%)	$6,141
2021-22	6,456 (98%)	$7,962	1,935 (29%)	$4,969	3,393 (51%)	$6,198
Average	5,938 (82.22%)	$7,174	2,475 (33.89%)	$4,671	4,272 (58.56%)	$6,322

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

Overview

For the last 10 years, on average, 1,346 (90.11 % of students) received grants or scholarships and its average amount is $8,042. It can cover 41.79% of tuition & fees ($19,244) based on out-of-state rate.

In addition, 975 (64.89 % of students) students get helped from the students loans (average amount : $7,078).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,494 (91%)	$6,814	1,124 (68%)	$6,204
2014-15	1,441 (92%)	$7,098	1,067 (68%)	$6,471
2015-16	1,275 (90%)	$7,520	913 (64%)	$6,638
2016-17	1,180 (88%)	$6,977	883 (66%)	$7,243
2017-18	1,222 (82%)	$8,455	1,004 (67%)	$7,119
2018-19	1,352 (84%)	$8,499	1,074 (67%)	$7,263
2019-20	1,332 (84%)	$9,335	1,016 (64%)	$7,804
2020-21	1,343 (100%)	$8,291	834 (62%)	$7,354
2021-22	1,473 (100%)	$9,385	857 (58%)	$7,609
Average	1,346 (90.11%)	$8,042	975 (64.89%)	$7,078

^*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, 572 (38.11 % of students) received Pell (federal) grants and its average amount is $4,714.

In addition, 316 students received State/local government grants/scholarships (21.11 % 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	703 (43%)	$4,412	149 (9%)	$1,480	376 (23%)	$4,756	1,334 (81%)	$3,800
2014-15	683 (44%)	$4,464	151 (10%)	$1,485	338 (22%)	$5,680	1,323 (84%)	$3,806
2015-16	562 (40%)	$4,516	96 (7%)	$1,511	298 (21%)	$6,619	1,165 (82%)	$4,234
2016-17	478 (36%)	$4,473	103 (8%)	$1,432	309 (23%)	$5,795	1,091 (82%)	$3,810
2017-18	614 (41%)	$4,687	109 (7%)	$1,338	315 (21%)	$8,399	1,024 (69%)	$4,553
2018-19	607 (38%)	$4,858	104 (6%)	$1,512	318 (20%)	$8,268	1,181 (73%)	$4,873
2019-20	586 (37%)	$4,945	73 (5%)	$1,353	339 (21%)	$9,332	1,141 (72%)	$5,498
2020-21	422 (31%)	$4,979	1,245 (92%)	$568	268 (20%)	$8,743	1,338 (99%)	$4,472
2021-22	489 (33%)	$5,088	1,467 (99%)	$1,426	282 (19%)	$10,084	1,342 (91%)	$4,769
Average	572 (38.11%)	$4,714	389 (27.00%)	$1,345	316 (21.11%)	$7,520	1,215 (81.44%)	$4,424

^*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, 975 (64.89 % of students) get any students loan help and its average loan amount is $975.

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	1,124 (68%)	$6,204	1,109 (68%)	$5,155	145 (9%)	$8,670
2014-15	1,067 (68%)	$6,471	1,053 (67%)	$5,191	157 (10%)	$9,166
2015-16	913 (64%)	$6,638	896 (63%)	$5,187	141 (10%)	$10,024
2016-17	883 (66%)	$7,243	864 (65%)	$5,314	167 (13%)	$10,807
2017-18	1,004 (67%)	$7,119	989 (66%)	$5,360	180 (12%)	$10,257
2018-19	1,074 (67%)	$7,263	1,060 (66%)	$5,182	200 (12%)	$11,536
2019-20	1,016 (64%)	$7,804	994 (63%)	$5,232	233 (15%)	$11,707
2020-21	834 (62%)	$7,354	813 (60%)	$4,882	180 (13%)	$12,023
2021-22	857 (58%)	$7,609	822 (56%)	$4,905	180 (12%)	$13,832
Average	975 (64.89%)	$7,078	956 (63.78%)	$5,156	176 (11.78%)	$10,891

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Scholarships, Grants, and Loan Trends at Northern Michigan

All Undergraduate Students Financial Aid Over Time

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