University scholarships are available to eligible undergraduate students. For more information on the eligibility requirements and criteria for annual renewal, visit NAU Scholarships
Grants are financial assistance awarded to eligible students demonstrating financial need. This type of financial aid does not require repayment. Complete the FAFSA to be considered for federal grant eligibility each academic year.
Federal Pell Grant
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded only to undergraduate students who have not earned a bachelor’s or professional degree that demonstrate exceptional financial need. Pell Grants are awarded to students who are eligible based on the results of the FAFSA and their Expected Family Contribution (EFC). The amount awarded will depend on the student’s enrollment status. NAU uses Pell Formula 1 and considers 12 credit hours or more each semester as full-time.
The duration of a student’s eligibility to receive a federal Pell Grant is 12 full-time semesters. The calculation of duration will include all years that the student previously received the Federal Pell Grant funding. Students may not receive Federal Pell Grant funds from more than one school at a time.
Federal Supplemental Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) is a federal grant to assist undergraduate students with exceptional financial needs, as determined by the FAFSA. Funding is limited. Pell Grant recipients with the greatest need (Expected Family Contribution (EFC) = 0) will be given priority. Students must be enrolled at least half-time (6 credits) to be considered. Award amounts may vary based on available funding and enrollment status.
Federal TEACH Grant
The Teacher Education Assistance for College and Higher Education (TEACH) Grant program provides funds to eligible undergraduate students who agree to teach full-time for at least four years in a high-need field at a low-income school.
Student loans are borrowed funds that must be repaid with interest. NAU offers the Federal Direct Stafford Loan to eligible students. There are many flexible repayment plans available. The amount that students are eligible for varies. Additionally, parents of dependent students may also be eligible to request a Direct Parent PLUS Loan to meet the cost of attendance. Eligible students must maintain half-time enrollment to qualify for disbursement.
If further assistance is needed or if a student is ineligible or has exhausted all federal aid, there may be other loan options available to help meet educational expenses. Private student loans are available through private lending institutions. The loan terms, interest rates and fees will vary by lender. NAU encourages students to evaluate their budget and resources each semester and only borrow the amount of loans needed.
In addition to completing a FAFSA, federal student loan borrowers are required to complete the following:
||Entrance counseling ensures you understand the terms and conditions of your loan and your rights and responsibilities. You’ll learn what a loan is, how interest works, your options for repayment, and how to avoid delinquency and default. Click here to access the Federal Direct Loan Entrance Counseling Guide.
|Master Promissory Note
||The Master Promissory Note (MPN) is a legal document in which you promise to repay your loans(s) and any accrued interest and fees to the U.S. Department of Education. The MPN also explains the terms and conditions of your loan(s).
||Exit Counseling is required for Federal Direct Loan borrowers when a student leaves or graduates from NAU or is no longer enrolled at least half-time. Click here to access the Federal Direct Loan Exit Counseling Guide.
Federal Work Study (FWS) is a federally subsidized financial aid program that provides part-time jobs for eligible undergraduate and graduate students with demonstrated financial need, allowing them to earn money to help pay for educational expenses.
Military and Veteran Benefits
North American University is committed to assisting the men and women of the United States Armed Forces, as well as their spouses or dependents, achieve their education and career goals by providing access to VA education benefits.