Northwood University Tuition 2024| The College Monk

$25,710

Tuition

$41,670

Cost of Attendance

$22,671

Net Price

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Northwood University Tuition and Fees

Northwood University is known for offering a wide range of undergraduate and postgraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at NU is quite moderate. The average annual cost for students opting to pursue undergraduate programs at the university is estimated to be around $28,080, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing facilities, books and supplies, and other expenses cost $10,790, $1,240, and $3,630, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$27,060	$27,060
Book & Supplies	$1,220	$1,220
Room & Board cost	$10,480	$10,480
Other Expenses	$2,910	$2,910
Total Cost of Attendance	$41,670	$41,670

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. They will be required to plan for various other expenses associated with the cost of attendance, including lodging, dining, textbooks, supplies, and the cost of living, among other things. The total tuition and fees for students attending Northwood University come out to be around $28,080 per year. Apart from that, they should also pay an average amount of $1,240 toward books and supplies, $10,606 for room and boarding charges, and $3,630 toward other expenses in a year. Hence, based on this information, the overall cost of attending the university adds up to around $43,556 per year.

Average Net Price by Family Income

Net Price

$22,671

Family Income

Avg. Net Price

$0 to $30,000

$17,460

$30,001 to $48,000

$18,688

$48,001 to $75,000

$20,656

$75,001 to $110,000

$24,766

$110,000+

$25,691

As for the net cost for attending NU, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. Simply put, the family income of the candidate is a key factor in determining the net amount. At NU, the average net price is estimated to be $20,610. For students with a family income below $30,000, the estimated net price is $14,573, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $14,903. The amount stands at $20,968 for an annual income between $48,001 and $75,000, $22,497 for the $75,001-$110,000 income bracket, and $25,435 for a family income above $110,000.

Student Loans

Example Loans

$66,956

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$695

Total interest paid

$16,427

Sum of Loan Payments

$83,383

To have a realistic understanding of how much it will cost to study at Northwood University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $66,956 for example. This will result in a $8,338 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $83,383 which is $16,427 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$27,060	$27,060
Room & Board Cost	$10,480	$10,480
Total Tuition & Fees	$37,540	$37,540

At Northwood University, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $28,080 in a year. They would also be required to pay around $10,606 for their room and boarding expenses. Accordingly, the overall cost for undergraduate students at the university totals about $43,556 per year, based on the available data.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$37,080	$37,080
Fees	N/A	N/A

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at NU, the amount stands at $37,080 per year. Notably, no graduation fee is collected from the students at Northwood University.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$1,030
Undergraduate	2018 - 2019	$989

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend NU. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $618 and for undergraduate courses, it stands at $216. At present, Northwood University also offers various online programs to students across as many as 21 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$10,480	$10,018
Other Expense	$2,910	$4,370
Book & Supplies	$1,220	$1,220

Moving on to the housing and related expenses at Northwood University, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $13,710 per year, whereas, the cost for off-campus lodging is $14,762 a year. For on-campus students at the university, the room and board charges total around $10,790 per year, while the amount charged for off-campus candidates stands at $10,422. Coming to the books and supplies charges, the students will be required to pay an amount of $1,240. Aside from these, the other expenses that students should plan for add up to $2,920 for on-campus candidates and $4,340 for students who are off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$10,480

Off Campus

$10,018

Housing & Other Expenses

Other Expenses

On Campus

$2,910

Off Campus

$4,370

Housing & Other Expenses

Book & Supplies

On Campus

$1,220

Off Campus

$1,220

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Masters	$37,080	NA
Bachelors	$89,606	$729

Northwood University offers 21 online programs across 2 Majors.

Projected Price for a 4 year degree

As per official data, the current projected cost for a four-year bachelor's degree, along with the living expenses, at the university is estimated to be around $219,485. In contrast, the total expenses for undergraduate students amounted to $20,610 in 2018-2019, $22,671 in 2017-2018, and $24,286 in 2016-2017.

Explore Programs by Major

Accounting Programs

Master of Science

Tuition

Credits

Master of Science in Finance

Type: online

Total Credits: 36

Northwood University Tuition and Fees

Total Cost of Attendance

Average Net Price by Family Income

Student Loans

Undergraduate Tuition and Fees

Graduate Tuition and Fees

Cost Per Credit Hour

Campus Housing Expenses

Campus Housing Expenses

Online Degree Programs, Tuition and Cost Per Credit Summary

Projected Price for a 4 year degree

Explore Programs by Major

Accounting Programs

Business Management Programs

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