Your financial aid award is based on a number of factors, including your family’s demonstrated financial need, as determined by the FAFSA and/or CSS Profile, your academic profile, and the availability of funding. Information reported on your financial aid application materials, including income, assets, household size and home equity, are used to evaluate a family’s financial strength.
In sum, your financial aid eligibility is derived from this equation:
Cost of Attendance (COA) – Expected Family Contribution (EFC) = Calculated Financial Need
The Cost of Attendance (COA) is the estimated cost of attending Northeastern University and includes both billed (direct) and non-billed (indirect) expenses. As such, it is important to keep in mind that your Cost of Attendance may vary from your billing statement.
Below is the estimated 2021–2022 Cost of Attendance for an undergraduate student:
|Room and Board***||$17,810||$17,810|
|Books and Personal Expenses||$2,800||$2,800||$2,800|
* Standard curriculum (16 semester hours per term).
** Fees include the Undergraduate Student Fee, Student Center Fee, Student Activity Fee, Recreation Fee, and Residential Student Fee (excluding commuters).
***Room rates vary depending on occupancy and assignment. Board is based upon 17 meals per week.
****This does not include the Northeastern University Student Health Plan fee. Massachusetts institutions of higher learning are required by Commonwealth Law to enroll all qualified students in a health insurance plan that meets or exceeds state minimum requirements. NUSHP is the university’s student health plan which is administered by Blue Cross/Blue Shield of Massachusetts. The NUSHP fee is billed once per academic year, but students may request to waive this plan annually through their myNortheastern portal provided that they have comparable coverage. The annual NUSHP fee for the 2020–2021 academic year is $2,099. For additional information about NUSHP, visit the NUSHP website or email [email protected].
Your Expected Family Contribution (EFC) is derived from the information reported on the FAFSA and/or CSS Profile and is used to determine a student’s eligibility for financial assistance. It is important to keep in mind that a student’s or family’s actual out of pocket expenses may differ from their Expected Family Contribution.
In the following case studies, you’ll see examples of the financial aid awards for three students with different financial circumstances.
Important Note: If you’re an undergraduate student within the College of Professional Studies, please review the award information for CPS students.