Fact Book
2007-2008 ACADEMIC YEAR
Percent of Financial Aid Received by Students
- A total of 6,826 (65%) enrolled NMU students filed a FAFSA for the 2007-2008 Academic Year.
- Eighty percent (80%) or 8,464 students received financial aid.
- Ninety percent (90%) or 1,710 of new freshmen students received financial aid.
- Forty percent (40%) of student FAFSA filers received a Pell Grant.
- Fifty-one percent (51%) received NMU Merit-based aid.
- Forty-two percent (42%) received self-help need based aid.
Financial Aid From All Sources
| TOTAL |
$ 68,380,605.01
|
|
|
| Grants |
$ 13,325,525.24
|
| Scholarships |
$ 15,159,530.67
|
| Loans |
$ 38,960,828.00
|
| Work-Study |
$ 934,721.10
|
Financial Aid Awarded
- NMU enrolled students received $ 68,323,869.17 in financial aid from all sources. (This excludes students who withdrew or dropped everything.)
- Pell Grants awarded totaled $ 7,781,884.34.
- NMU Merit-based aid was awarded in the amount of $ 12,283,855.87.
- The average amount of financial aid awarded per student was $ 8,079.00.
- The average financial aid loan indebtedness per borrower was $ 6,664.00
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Fact Book
2005-2006 ACADEMIC YEAR



2006 fiscal year cohort default rate is 6.1%