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#9 Best Private Colleges in Michigan

Northwood University-Michigan Tuition & Cost

Midland, Michigan

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How much does it cost to attend?

Sticker Price
$43,030
Costs for Northwood University Michigan
Fee Cost
Tuition$26,690
Books and Supplies$1,240
Other Fees$1,390
Room and Board $10,790
Other Expenses Budget$2,920

Annual Prices

The annual list price to attend Northwood University Michigan on a full time basis for 2018/2019 is $43,030 for all students regardless of their residency. This fee is comprised of $26,690 for tuition, $10,790 room and board, $1,240 for books and supplies and $1,390 for other fees. Out of state tuition for Northwood University Michigan is $26,690, the same as Michigan residents.

All price data is sourced from the 2019/2020 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 2018/2019
$20,610
Net Price by Income Northwood University Michigan
Family Income Net Price Paid
$0 to $30,000$14,573
$30,001 to $48,000$14,903
$48,001 to $75,000$20,968
$75,001 to $110,000$22,497
$110,000+$25,435

The average reported annual net price for Northwood University Michigan for students receiving grants or scholarship aid was $20,610 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

96% of full-time undergrad Northwood University Michigan received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $20,673 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 86% of students received Federal Student Loans averaging $5,859 and 10% of undergrads took out private student loans averaging $14,609.

Finanical Aid Northwood University Michigan
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $20,673 96%
Institutional Grants and Scholarships $17,749 95%
Pell Grants $4,978 28%
Other Federal Grants $606 18%
State and Local Grants $3,056 44%
Federal Student Loans $5,859 86%
Other Student Loans $14,609 10%

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 $639 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 2.75%.

Example Loan $66,956
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $638.83
Total Interest Paid $9,704.09
Sum of All Loan Payments $76,660.09

Projected 4 Year Degree Price

4 Year Sticker Price
$172,120
Year All Residents
1 $43,030
2 $44,888
3 $46,827
4 $48,850

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 $172,120 - assuming graduation in normal time. The estimation assumes a 4.3% 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 $1,027 $3,081 $4,108

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.