Total Cost of Attendance
Northeastern University is known for its Cooperative Education Program, which combines classroom learning and experiences to prepare students for careers in many fields. But access to this co-op style of learning doesn’t come cheap: in 2021-22, Northeastern University tuition was $57,592. Contrast this against the average cost of tuition for a private four-year institution in the U.S. of $35,807. The good news is, that student loans and scholarships can make this price tag easier to swallow.
Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.
The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:
- Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.
- Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.
- Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.
- Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.
Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.
You can find other financial aid opportunities on databases such as:
- US Department of Education – Search for grants from colleges and universities by state
- College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid
Private Student Loans
Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.
What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.
Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.
If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.
Recommended: Guide to Private Student Loans
Projected 4-Year-Degree Price
Here’s some Massachusetts Student Loan & Scholarship Information for you.
Undergraduate Tuition and Fees
In 2021-22, students at Northeastern paid $57,592 for tuition and fees and $17,810 for room and board, for a total of $75,402 for the year. Here’s some helpful student loan and scholarship information to help you explore options for paying for Northeastern tuition.
Graduate Tuition and Fees
Tuition for graduate school at Northeastern University was $25,801 for the 2021-22 school year, with an additional $294 in fees. That makes the total for graduate school $26,095. This is a little higher than the average cost for tuition for graduate school at a private institution in the United States, which was $19,493. There are graduate loans that can help you cover these costs.
Cost per Credit Hour
If you opt to attend Northeastern on a part-time basis, you won’t pay the full-time tuition we’ve discussed. Instead, you’ll pay $1,766 per credit hour, based on the 2021-22 pricing.
Campus Housing Expenses
*Based on studio pricing. Average rate based on available apartments on Northeasetern’s off-campus housing website in 2022.
First- and second-year students are required to live on campus at Northeastern. Most rooms are double or triple occupancy, though there are limited single rooms.
Third-year and beyond students can opt to live off-campus. Northeastern has a site where students can find housing at reasonable rates. Keep in mind you may be required to sign a 12- month lease, even if the school semester is shorter.
Find out more about the university’s housing policies and options resource to learn more about off-campus housing.
Northeastern University Acceptance Rate
With 12,891 students accepted out of the 64,459 that applied, the Northeastern acceptance rate is 20%
To be accepted as a student at Northeastern University, there are certain requirements that must come with your application. Also, there are other documents that, while not required, may help the school determine eligibility.
- Secondary school report and transcripts
- Early Decision Agreement (if applicable)
- SAT or ACT scores
The deadline for Early Decision I is November 1, with a decision given by December 15. The deadline for Early Decision II is January 1, with a decision by February 15. The Regular Decision deadline is January 1, with a decision given by April 1. You can apply to Northeastern here .
SAT and ACT Scores
Through the 2022-23 school year, Northeastern will not require SAT or ACT scores to be submitted with applications.
However, you may want to compare your test scores with those in the 25th and 75th percentile:
Popular Majors at Northeastern University
Northeastern offers more than 90 majors and areas of concentration to choose from. Here are some of the most popular.
Undergraduate degrees in 2020-21: 874
2. Computer Science
Undergraduate degrees in 2020-21: 415
3. Mechanical Engineering
Undergraduate degrees in 2020-21: 240
Undergraduate degrees in 2020-21: 148
5. Computer Engineering
Undergraduate degrees in 2020-21: 140
6. Behavioral Neuroscience
Undergraduate degrees in 2020-21: 137
7. Health Sciences
Undergraduate degrees in 2020-21: 135
Undergraduate degrees in 2020-21: 129
9. International Business
Undergraduate degrees in 2020-21: 124
Undergraduate degrees in 2020-21: 120
To find out more about Northeastern’s academic programs, use this resource .
• 4 years: 88%
• 6 years: 89%
Post-Graduation Median Earnings
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SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs. SoFi Private Student Loans are subject to program terms and restrictions, and applicants must meet SoFi’s eligibility and underwriting requirements. See SoFi for more information. To view payment examples, click here. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. SoFi Lending Corp. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.
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