Financial Aid Insert 2015

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.

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 EDUCATION At NU, a quality Christian education is made more affordable by a variety of grants, scholarships, and loans. Let us put together a financial aid package just for you.

Scholarships • Academic • Music • Athletic • Leadership

Need-Based Aid

• NU Success Scholarships • Grants • Work Study • Loans

Cost of Attendance for 2015–2016 • Tuition: $27,700 • Room and Board: $7,790 • Students Receiving Financial Aid: 97% • Average Financial Aid Award: $20,254

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

Awarding Process

Presidential

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

Full Tuition

Invitation to Spring Presidential Scholarship Competition

Provost

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

Half Tuition

Invitation to Spring Presidential Scholarship Competition

Freshman: at least a 3.0 GPA & 1840+ SAT or 28+ ACT.

$12,000

Automatically awarded

Silver

Freshman: at least a 3.0 GPA & 1670–1830 SAT or 25–27 ACT.

$10,000

Automatically awarded

Bronze

Freshman: at least a 3.0 GPA & 1400–1660 SAT or 22–24 ACT.

$8,000

Automatically awarded

Athletic

Athletes selected by NU coaches.

Varies

Contact coach

Gold

Transfer

Transfer student with at least a 3.0–3.2 GPA is awarded $6,000; a 3.3–3.5 GPA is awarded $8,000; and a 3.6 GPA or higher is awarded $10,000.

$6,000– $10,000

Automatically awarded

Assemblies of God Tuition Credit

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

District Youth Director 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 in 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

Awarding Process

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

Submit FAFSA by February 15

$500

Submit FAFSA by February 15

Education majors with at least a 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

Awarding 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

TEACH Washington State Need Collegebound

Loan Name Eligibility & Features Federal Perkins Federal Subsidized Direct Loan

Alternative Loans

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

Work Study Eligibility & Features

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

Submit FAFSA and apply at studentloans.gov

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

Amount

Awarding Process Submit FAFSA by Febrary 15

Federal Work Study

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

Varies

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 scholarship, “ IfI wouldn’t be able to attend Northwest. The Financial Aid office 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.”