Northwestern State University of Louisiana (NSU) Financial Aid and Scholarships
Students Receiving Aid
81%
Total Aid Amount
$57.851M
Financial Aid Official Website
www.nsula.edu/financialaid/
As many as 97% of the students at NSUL get some sort of financial aid, and the total amount of assistance/loans provided is more than $36,043,678 in a year. One can visit NSUL's financial aid page at http://www.nsula.edu/financialaid/ for more information. The total percentage of candidates applying to Northwestern State University of Louisiana who receive the Federal Grant is 54%. On the other hand, 93% of the candidates get the Student Grant, 65% receive the Institution Grant, and 53% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,271, the State Grant receivers and Institution Grant beneficiaries get $4,209 and $4,949, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,888. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At NSUL, an estimated number of 60% of the applicants choose to go for student loans.