Northwestern University
Evanston, IL 60208

Financial Aid

$36,262
Average Institutional Grant
2016-2017

In the 2016-2017 academic year, full-time freshman students of Northwestern University were awarded a total amount of $42,529,009 in grant and $2,433,452 in federal student loans. 55% of freshman students received some type of financial aid either in the form of grant or scholarship from the federal, state or local government and the institution. 25% of the freshman students received federal student loan.

The following tables details the breakdown of all types of financial aid awarded to full-time undergrad students who entered the college in Fall 2016

Grant & Scholarships

Students Receiving Aid Average Amount Total Amount
Pell Grant 308 15% $4,345 $1,338,153
Other Federal Grant 303 15% $2,327 $705,091
State Grant/Scholarships 158 8% $4,700 $742,613
Institutional Grant/Scholarships 1,096 54% $36,262 $39,743,152
Total Grant & Scholarships 1,102 55% $38,593 $42,529,009

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 512 25% $4,753 $2,433,452
Private Loans 43 2% $20,310 $873,340
Total Loans 524 26% $6,311 $3,306,792

Student Loan Default Rate

1%
Current default rate
Fiscal year - 2014

The following table shows Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) borrowers statistics and default rates for Northwestern University from 2012 to 2014 and comparisons between the school's default rates and similar schools in the state and national average.

Default Rate
Fiscal Year Borrowers Defaulters School State Avg. National Avg.
2014 3,337 36 1%
2013 3,382 45 1%
2012 3,194 33 1%
  • Fiscal Year - October 1 to September 30
  • Borrowers - Total number of borrowers who entered into repayment in the fiscal year.
  • Defaulters - Number of borrowers who defaulted in the fiscal year.
  • School - Northwestern University's default rate
  • State Avg. - Illinois's 4 year colleges average default rate
  • National Avg. - National average default rate of 4 year colleges

Financial Aid by Income Level

This section details the amount of financial aid provided to Northwestern University students over the past 5 years. The data is categorized into 5 income brackets. Click on each income bracket to view the amount of finanical aid provided and the number of recipients for the past 5 years.

Net Price

$29,326
Average Net Price
2016-2017

Weather your family is financially well-off or unaffluent, you might be eligible for some type of financial aid in the form of grant, loan or scholarship. No matter what your situation is, you should first apply for Federal Student Aid (FAFSA). Colleges and universities use the information from your FAFSA and federal tax return to calculate your Expected Family Contribution (EFC). Your EFC determines how much financial aid you're eligible to receive.

This section details the net prices paid by students in the 2016-2017 academic year at Northwestern University. The amounts are averaged out for 5 family income brackets.

Here is a simple formula to calculate your net price or use the link below to estimate your net price more accurately.

Net Price = Sticker Price - Financial aid

Financial aid include: federal, state or local government grants and institutional grants and scholarships

Average Net Price by Family Income

Family Income Average Net Price
Less than $30,000$9,339
$30,000 to $48,000$7,150
$48,000 to $75,000$12,763
$75,000 to $110,000$22,983
Over $110,000$40,222
Get your personal estimate

Veterans and Service Members

$17,315
Average Financial Aid
2016-2017

The following section details the amount of financial aid provided to veteran students and their family members at Northwestern University.

Unlike other types of government financial aid, veterans financial aid is available to both undergraduates and graduate students.

Post-9/11 GI Bill

Yellow Ribbon Program

Learn more about financial aid for veterans

Financial Aid Deadlines

February 15

  • Financial aid application (regular)

April 15

  • Financial aid decisions notification

May 1

  • Student must reply to financial aid offer

June 1

  • Transfer financial aid application

July 1

  • Transfer applicants will be notified

Campus Location

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Nearby Colleges

Nearby 4 year colleges within 100 mile radius of Northwestern University.

North Park University
5.4 mile away
Saint Augustine College
5.5 mile away
Telshe Yeshiva-Chicago
5.5 mile away
American Islamic College
6.8 mile away
Resurrection University
9.9 mile away
Moody Bible Institute
10.8 mile away