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

Percent Receiving Aid





2006 fiscal year cohort default rate is 6.1%