Northeastern University awards merit scholarships to select students, typically from the top 10-15 percent of freshmen admitted to the university.
Need-Based Grants and Scholarships
Most grants and non-merit scholarships funded by Northeastern require that a student demonstrate financial need.
Federal Pell Grant
Federal Pell Grants are available to undergraduate students who have not yet earned a bachelor’s or professional degree. As a program targeted to high need students, eligibility for the Federal Pell Grant depends upon your Expected Family Contribution (EFC). Your EFC is calculated utilizing a formula established by Congress when your Free Application for Federal Student Aid (FAFSA) is processed.
Beginning with the Fall 2021 entering class, undergraduate day students who qualify for a federal Pell Grant will have their full demonstrated need met through a combination of grants, scholarships, and work-study from federal, state, and institutional resources. Financial aid awards for eligible Pell Grant recipients will not include Federal Direct loans. In place of Federal Direct Loans, qualifying students will be awarded a Northeastern University Access Grant.* Students who enroll for the Fall 2021 class and qualify for the Federal Pell Grant during future undergraduate academic years, will continue to receive the Northeastern University Access Grant, in place of Federal Direct Loans. Please note that eligibility for the Federal Pell Grant is determined each academic year, based upon established financial and academic criteria.
Federal Pell Grant eligibility is determined by your enrollment status ((full-time, 3/4 time, 1/2 time, less than 1/2 time). The maximum a student may receive for the 2020–2021 academic year is $6,345.
* Northeastern reserves the right to reduce/eliminate a NU Access Grant in extreme or highly unusual family income situations.
Supplemental Educational Opportunity Grant
This grant is awarded directly from Student Financial Services to students who demonstrate exceptional need.
Many states offer support to students who meet specific qualifications. If we have added a state grant to your award, it reflects our best estimate of your eligibility.
Federal Stafford Loans
These may be subsidized, unsubsidized, or a combination of both. With a need-based subsidized loan, the federal government pays the interest that accrues while you are in school. On a non-need-based unsubsidized loan, interest accrues while you are in school.
There are a number of educational loan programs available to assist you in covering your expenses over and above any financial aid that may be awarded to you. Talk to Student Financial Services if you have questions about these options.
This program assists students in securing part-time employment on campus, or at an approved off-campus agency, to help pay for incidental expenses during the year.