Northwood University-Michigan Tuition & Cost

Midland, Michigan

How much does it cost to attend?

Sticker Price
Costs for Northwood University Michigan
Fee Cost
Books and Supplies$1,220
Other Fees$1,350
Room and Board $10,480
Other Expenses Budget$2,910

Annual Prices

The annual list price to attend Northwood University Michigan on a full time basis for 2018/2019 is $41,670 for all students regardless of their residency. This fee is comprised of $25,710 for tuition, $10,480 room and board, $1,220 for books and supplies and $1,350 for other fees. Out of state tuition for Northwood University Michigan is $25,710, the same as Michigan residents.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.

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Net Price

Net price is indicative of what it actually costs to attend Northwood University Michigan when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
Net Price by Income Northwood University Michigan
Family Income Net Price Paid
$0 to $30,000$20,119
$30,001 to $48,000$23,133
$48,001 to $75,000$21,809
$75,001 to $110,000$24,945

The average reported annual net price for Northwood University Michigan for students receiving grants or scholarship aid was $24,286 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

Finanical Aid Northwood University Michigan
Type Avg./Student Students Receiving
Annual Total Grant Aid $14,369 99%
Pell Grant $4,457 26%
Federal Student Loan $5,748 85%

The average reported annual net price for Northwood University Michigan for students receiving grants or scholarship aid was $24,286 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Northwood University Michigan, we've modeled a ten year student loan with an original principal value of $66,956. The loan balance of $66,956 is a four year multiple of the $16,739 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $695 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.529%.

Example Loan $66,956
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $694.86
Total Interest Paid $16,426.92
Sum of All Loan Payments $83,382.92

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $41,670
2 $44,028
3 $46,519
4 $49,152

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Northwood University Michigan to be $166,680 - assuming graduation in normal time. The estimation assumes a 5.7% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Northwood University Michigan
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $989 $2,967 $3,956

Estimated cost for a class at Northwood University Michigan based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Northwood University Michigan versus other colleges.

Tuition Payment Plans Available

Northwood University Michigan Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=171492 IPEDS survey data for Northwood University Michigan.