2023 Northeastern Financial Resources Brochure

OPENING DOORS TO A GLOBAL EDUCATION

A guide to financial resources for undergraduate students.

$437M

in institutional aid will be awarded to undergraduate students in the 2023–2024 academic year

Big Investment. Bigger Return.

A top-tier education is a big investment—and one of the most important decisions you’ll make. At Northeastern, the value of that investment has never been more sound. You’ll graduate with a competitive advantage through our experience-driven learning model powered by our global network of campuses, partnerships, and alumni.

Student Financial Services is here to support you—from providing essential information while you prepare your application to guiding you and your family throughout your learning journey. We look forward to helping you put your college dream into action.

Learn more at studentfinance.northeastern.edu.

WHAT ARE THE CRITERIA?

Every student’s financial situation is different. To determine your eligibility for different funding options, Northeastern considers the following factors:

Family Details

Your living situation, sibling enrollment status, and other details are considered for certain types of need-based aid.

Financial Circumstances

Your family’s income, assets (investments and savings, including home equity), and other details are considered as part of this process.

Citizenship

U.S. citizens and eligible non-citizens may have access to federally-funded, need-based grants and loans. Although not eligible for federal student aid, international students also have options available.

Enrollment Program

Students can join the Northeastern community through several campuses and programs, each with their own cost and financing options.

Understanding YOUR AID

There are several ways to fund your Northeastern education based on your eligibility, including:

Merit and Other Scholarship Programs

All students are considered for competitive scholarships based on their exceptional achievements. No separate application is needed.

Grants

Federal, state, and institutional sources can provide grants—a form of gift aid that does not need to be repaid—to students based on their financial need.

Work Study

Students can earn money toward their education through federally-funded, part-time employment through the university.

Loans

Many student loan options, including Federal Direct and private financing, are available to students and families. Learn more at studentfinance.northeastern.edu/ types-of-aid.

+

of first-year students at Northeastern receive financial aid, including merit scholarships and grants

Powered by Experience

Students on co-op at the Nahant Marine Science Center dive deeper into their area of study—and don’t pay tuition unless they enroll in a course.

70%

Northeastern PROMISE

At Northeastern, we believe financing your education is a partnership that continues throughout your enrollment, not just your first year—that’s the Northeastern Promise.

Demonstrated Financial Need

We’re dedicated to meeting the full demonstrated need for each admitted student eligible for federal financial aid.

Awarded Aid

Northeastern University scholarship and grant funds will not be reduced during your undergraduate program (for up to eight in-class semesters).

Need-Based Grants

Northeastern University’s need-based grant funds will increase annually at the same percentage rate as the increase in tuition.

Financial Hardship

If your family experiences a substantial adverse change in financial circumstances, we’ll reevaluate your aid package and make available all financial resources for which you qualify.

Learn more at studentfinance.northeastern. edu/the-northeastern-promise.

No Loans for Pell Recipients

Making Strides

The average debt of students graduating from Northeastern has dropped 47% since 2013.

In addition to the Promise, we offer expanded financial support for eligible Federal Pell Grant recipients. We meet their full demonstrated need without Federal Direct Loans through grants, scholarships, and work-study opportunities.

More Ways to RUN WITH THE PACK

Northeastern is committed to helping you make your higher education goals a reality. In addition to merit scholarships, need-based grants, federal work study, and loans, we encourage you to consider these additional factors in your financial plan.

Payment Plan

Northeastern offers an interest-free, semester-based, monthly payment plan. Families can enroll in this plan for a nominal fee and make equal installments to pay for direct-billed expenses.

No Tuition for Co-op

During co-op, students are only responsible for housing and food costs and don’t pay tuition unless they choose to enroll in courses during the experience.

Global Experience Funding

The university offers resources to offset the costs of travel and housing expenses for opportunities such as study abroad or global co-op.

Student Employment

Paid on-campus employment in university facilities or through approved employer partnerships can be a great option, particularly for international students. Learn more at international. northeastern.edu/ogs/employment.

+ 50% of Northeastern students graduate with no debt

Financial Tools FOR FAMILIES

To help you better understand the cost of attending Northeastern, we’ve created two tools that offer informed estimates to help you create your financial plan.

MyinTuition Quick College Cost Estimator

Looking for a quick answer on what to anticipate for your college costs? By answering six basic financial questions, the MyinTuition Quick College Cost Estimator will provide an estimate and a breakdown of the funding options you may be eligible for at Northeastern.

Scan the QR code or visit studentfinance.northeastern.edu/ myintuition to get started.

Net Price Calculator

Use the Net Price Calculator for a more in-depth estimate of your college costs. This tool takes more time than MyinTuition and requires you to have access to your financial documents and tax information.

Learn more at npc.collegeboard.org/student/app/ northeastern.

Estimated COST OF ATTENDANCE

Below are the estimated costs for the 2023–2024 academic year by enrollment program. We encourage you to use one of our financial calculators to understand your estimated costs better.

Boston and Oakland

Begin your journey on our Boston or Oakland degree-granting campus.

Direct Costs:

› Tuition and Fees

(16 semester hours/term) $63,141

› Housing* $12,070

› Food/Meal Plan* $8,810

Indirect Costs:

› Books, Transportation, Personal/Misc. $2,800

Total $86,821

The N.U.in Program

Kick off your first semester abroad at a partnership location.

Estimated Direct Billed Costs:

› Fall Semester Tuition $30,650

› Fall Program Fee (including Housing and Flight Costs) $10,091

Total Fall Semester $40,741

For the spring 2024 semester, estimated costs for The N.U.in Program are listed under the Boston and Oakland section (one-half of the annual amount for spring).

*Based on the median housing cost and full meal plan. For detailed information regarding tuition and fees, visit studentfinance.northeastern.edu/tuition.

Estimates are current based on the date of publication. All rates are subject to final Board of Trustee approval.

The estimates above do not include visa/passport fees, independent travel, textbooks, medical, or other personal expenses.

Global Scholars and London Scholars

Split your first year between two global campuses, or spend your first year in London.

Estimated Direct Billed Costs:

› Tuition $62,392

› Program Fee (including Housing and Flight Costs) $19,080

Total $81,472

For the fall 2024 semester, Global/ London Scholars will pay the undergraduate programs tuition rate, which will be posted at admissions. northeastern.edu/cost.

The NU.in Program, Global Scholars, and London Scholars enrollment programs are not eligible for federal financial aid. Institutional aid and private financing options may be available.

91% of full-time employed 2022 graduates are doing work related to their major

BECOME A HUSKY

Apply for Admission

Submit your application by one of the priority filing deadlines. Visit admissions.northeastern.edu/ early-decision-benefits for more information about the benefits of applying Early Decision— including an early financial aid estimate.

Application Deadlines

› Early Decision I and Early Action: November 1

› Early Decision II and Regular Decision: January 1

Complete CSS Profile and FAFSA

All first-year undergraduate applicants are required to complete the Federal Application for Student Aid (FAFSA) to be considered for federal and state funding and the College Board CSS Profile for need-based institutional funding. You must submit this information by the following priority filing deadlines.

Priority Filing Deadlines

› Early Decision I: November 15*

› Early Action: December 1*

› Early Decision II: January 15

› Regular Decision: February 15

› FAFSA Northeastern code: 002199

› CSS Profile Northeastern code: 3667

Submit Additional Documents

Watch your email inbox and the Application Status Check portal for additional requests for materials, including personal tax returns, business tax returns, W-2 forms, and other documents.

Connect With Student Financial Services

Explore studentfinance.northeastern.edu for additional information about investing in your Northeastern education, and look out for invitations to virtual and in-person events offering opportunities to connect in real time with our staff.

*Please note that the 2024–2025 FAFSA will not be available until December. Please submit the CSS Profile by the deadline and the FAFSA as soon as possible when available. Visit studentaid.gov for more information.