$3,585

Avg. Federal Grant

$7,111

Avg. Federal Loan

$3,660,738

Total Aid Awarded

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National American University (NAU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$3.661M

Financial Aid Official Website

www.national.edu/admissions-financial/financial-aid/federal-financial-aid/

86% of National American University Rapid City students received grant aid. The average total aid amount was $3,733. 67% of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded was $3,483. The FAFSA code is 004057. The different forms of aid include Grants, Scholarships, student loan and work-study.

Nearly $100M in financial aid awarded to the undergraduate students each year and most of the students are getting benefited from this financial aid. National American University employes 24 special dedicated financial aid Staff members in which each freshmen student incoming is assigned with an individual counsellor who helps in clarifying the doubts that the student has.

FAFSA code 001434 and CSS Profile code 5007 will be required when applying for aid. American University offers a comprehensive financial aid program based on recognition of both academic excellence and demonstrated financial need.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

25%

Institution Grant Aid

13%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$3,585

State Grant Aid

$4,800

Institution Grant Aid

$5,000

Pell Grant

$3,585

The financial aid is broken into 4 types of grants such as Federal, state, institutional and pell grants in which Institutional grant is the highest grant aid with 13% percentage that amounts to $5,000. Federal grant and pell grant contributes 63% accounting to $3,585 which is lesser than the state grant aid of $4,800, which is provided to 25% of the students.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,954

$30,001 - $48,000

$4,531

$48,001 - $75,000

$4,003

$75,001 - $110,000

$1,965

Over $110,000

$895

Students whose family income is below $30,000 or falls in between $30,000 and $48,000 may avail an average aid amount of $2,954 and $4,531 respectively. $4,003 is offered to students whose family income lies between $48,001 and $75,000. Higher-income groups receive a substantially lesser amount. Families whose earnings lie between $75,001 and $110,000 receive a lower amount of $1,965. Those who earn more than $110,000 receive a noticeably smaller amount of $895.

 

Student Loans for National American University (NAU)

Average Loan Amount Average Loan Amount received per year.

$7,111/Year

Students Taking Out Loans

75%

Loan Default Rate

4%

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