NU Investing in your future 2014 issuu

INVESTING IN YOUR FUTURE When it comes to a private university education, the first question that most students ask is: what will it cost me? While the numbers themselves might seem overwhelming, it’s important to remember that your education is an investment that will pay dividends throughout your life.

As an NU student, you will do more than simply participate in classroom discussions. You will have the opportunity to develop a global perspective through study abroad programs, to gain real-world experience through internships, and to network with your professors and other industry professionals.

Our distinctly Christian environment and strong learning community prepare you for personal and professional long-term success.

We recognize that you are making an investment in your future. In return, we are dedicated to providing the resources you need to make your education affordable.

HOW TO FUND YOUR FUTURE At NU, it’s more affordable than you think. We have several options to help you fund your education.

Scholarships

Need-based Aid

• Academic • Music • Athletic • Leadership

• NU Success Scholarship • Grants • Work Study • Loans

Cost of Attendance for 2014–2015 • Tuition: $26,410 • Room and Board: $7,620 • Students Receiving Financial Aid: 97% • Average Financial Aid Award: $19,421

More information about financial aid is available at northwestu.edu/financialaid.

Contact Us Today! northwestu.edu/admissions

800.669.3781

admissions@northwestu.edu

FINANCIAL AID OPTIONS Scholarship Name Eligibility

Amount

Application Process

Presidential

New freshman with at least a 3.75 GPA and 1840 SAT or 28 ACT.

Full Tuition

Submit portfolio by February 15.

Provost

New freshman with at least a 3.75 GPA and 1840 SAT or 28 ACT.

Half Tuition

Submit portfolio by February 15.

Freshman: 3.4 GPA & 1840+ SAT or 28+ ACT

$8,000

Automatically awarded.

Silver

Freshman: 3.4 GPA & 1670-1830 SAT or 25-27 ACT

$6,000

Automatically awarded.

Bronze

Freshman: 3.4 GPA & 1400-1660 SAT or 22-24 ACT

$4,000

Automatically awarded.

Athletic

Athletes selected by NU coaches.

Varies

Contact coach.

Gold

Transfer Assemblies of God Tuition Credit District Youth Director

Transfer student with at least a 3.0–3.29 GPA is awarded $4,000; a 3.3–3.59 GPA is awarded $6,000; and a 3.6 GPA or higher is awarded $8,000.

$4,000– $8,000

Automatically awarded.

Student must be the spouse, dependent, or themselves an A/G Minister (licensed or ordained), A/G Chaplain, or full-time Administrator at an A/G Christian school (K-12). Annual review of need and eligibility requirements.

15% of Tuition

Automatically awarded.

District Youth Director (DYD) nominates high school senior.

One-time award.

$1,000

Nomination from DYD due by February 15.

Missionary Tuition Credit

Student must be the spouse, dependent, or themselves a missionary currently serving under the appointment of a recognized missions board. Annual review of need and eligibility requirements.

Up to 50% of Tuition

International

International student with documented need. Student must have ability to cover additional cost of attendance. Reviewed annually.

Varies

Submit application

by February 15.

Family Tuition Credit

For students with a sibling, dependent child, or spouse currently attending NU.

15% of Tuition

Automatically awarded.

Student with demonstrated financial need and academic potential. Eligible for renewal based on annual financial aid application and FAFSA.

Varies

Submit FAFSA by February 15.

Participation in district, regional, or national competition.

Up to $2,000

Submit application by February 15.

Recognized talent in music (instrumental or vocal).

Varies

Live audition to be held with faculty by February 15.

New students who attend a scheduled visit by February 15 of their senior year. One-time award.

$500

Visit Northwest by February 15.

NU Success Bible Quiz Music Visit

Documentation from recognized missions board.

Scholarships: Awarded to students based on merit, talent, or need and do not need to be repaid. For a complete list, visit northwestu.edu/scholarships.

Grants: Awarded based on financial need. Do not need to be repaid.

Loans: Borrowed money to help pay for your education. Payments are often postponed until after graduation.

Work Study: Money provided from part-time work at NU or the surrounding area.

Grant Name Eligibility & Features Federal Pell Grant Federal Supplemental Educational Opportunity Grant (FSEOG)

Based on need from FAFSA.

Based on need from FAFSA. Limited funding.

Amount

Application Process

$400–$5,730, est. by Federal Government

Submit FAFSA by February 15.

$500

Submit FAFSA by February 15.

Education majors with 3.25 GPA.

$4,000

Submit FAFSA and request grant. Visit teachgrant.ed.gov for more information.

Based on need from FAFSA. Student must be a nonministry major. Parent and student must be eligible Washington state residents. Limited funding.

Varies

Submit FAFSA by February 15.

Eligibility based on Washington State requirements.

Varies

Submit FAFSA by Febrary 15.

Amount

Application Process

Freshman or sophomore students who are Pell Grant eligible. Must be a dependent student. Payment and 5% interest rate starts nine months after last date of enrollment.

Varies

Submit FAFSA and meet priority deadline of February 15.

Based on need from FAFSA. Payment and interest start six months after last date of enrollment. Interest is subsidized by the government while in school.

Varies

Submit FAFSA by Febrary 15.

Federal Unsubsidized Direct Loan

Not need based. Interest is not subsidized, but accrues while in school. Payment starts six months after last date of enrollment.

Varies

Submit FAFSA by Febrary 15.

Federal Parent Loan for Undergraduate Students (PLUS)

All dependent students. Not need based. Parents can borrow on behalf of students based on credit eligibility. Interest is not subsidized.

Up to the cost of attendance, minus any other financial aid.

Submit FAFSA and apply at studentloans.gov.

Not need based. Student loans made through a lending institution. Based on credit eligibility.

Maximum amount determined by bank, but not to exceed cost of attendance minus other financial aid awards.

Apply with bank, receive bank approval, and complete paperwork with bank.

TEACH Washington State Need Collegebound

Loan Name Eligibility & Features Federal Perkins Federal Subsidized Direct Loan

Alternative Loans

Work Study Eligibility & Features

Amount

Application Process

Federal Work Study

Based on the FAFSA. Student may find on-campus employment.

Varies

Submit FAFSA by Febrary 15.

Washington State Work Study

Based on the FAFSA and must be resident of the state of Washington. State Work Study is an off-campus employment program that supports part-time employment.

Varies

Submit FAFSA by Febrary 15.

FINANCIAL AID STEPS How to Apply Step 1 Apply for admission at northwestu.edu/apply.

Step 2 Complete the FAFSA (Free Application for Federal Student Aid) after January 1.

NU’s priority deadline is February 15. We recommend filling out the FAFSA even if you don’t think you’ll qualify for aid because NU uses the FAFSA to determine institutional scholarships. fafsa.ed.gov FAFSA Code: 003783

ROBERT VALDEZ it wasn’t for my “ Ifscholarship, I wouldn’t be able to attend Northwest.

Financial aid also helped me find the right loans to get me through my college career. My education and experience at Northwest was undeniably amazing and pivotal to the formation of my success in business.”