Creating the First-Year Student Budget

Costs
The first year at Northeastern is broken into two billing periods (semesters) over the nine month attendance period. The first semester begins in late August, and the second in early January. Tuition and the Student Activity Fee are split evenly over these three periods. The Health Insurance cost is assessed in the Fall semester only (unless waived). As all students must pay a tuition deposit prior to the start of their attendance, we have already included this credit in the Fall term.

Financial Aid
Begin by totaling your tuition, room and board expenses and fees. Then subtract any scholarships, grants, loans or deposits paid to Northeastern University to arrive at your out-of-pocket expenses due to the university. Please note: Federal Work-Study awards are NOT deducted from the tuition bill and are not to be included in the Financial Aid Section.

Supplemental Loan Amount
Students who need supplemental loans, such as the Graduate PLUS Loan to cover tuition and/or living expenses should create an expense budget to assist them in understanding the amount that may be needed to borrow during the year. Please note: All supplemental loans are equally disbursed over all two attendance periods during the year.

Creating the Returning Student Budget


Costs

Years two and three at Northeastern are considered to be a 12-month period of attendance over four quarters. Students are generally in school for two quarters and co-op for the other two quarters. The first quarter begins in late May, the second quarter in late August, the third in early December, and the final period begins in early March.  Tuition and the Student Activity Fee are assessed over the the two “in-school” periods.  The Health Insurance cost is assessed in the Fall term only (unless waived).


Financial Aid

Begin by totaling your tuition, room and board expenses and fees. Then subtract any scholarships, grants, loans or deposits paid to Northeastern University to arrive at our out of pocket expenses due to the university. Please note: Federal Work-Study awards are NOT deducted from the tuition bill and are not to be included in the Financial Aid Section.  Additionally, since co-op periods are considered a part of the academic year, federal regulations require that the Federal Stafford Loans be split between all four academic periods.

     
Supplemental Loan Amount

Students who need supplemental loans (such as the Federal Graduate PLUS loan) to cover tuition and/or living expenses should create a budget to assist them in understanding the amount that may be needed to borrow during the year. Please note: All Graduate PLUS loans are disbursed over the four attendance periods during the year.