Whether you’re just starting to consider a degree from Northeastern or already settled into your new home on the Boston campus, it’s important to know how you’ll pay for your Northeastern education. A private university within striking distance of both MIT and Harvard, Boston is a college town if there ever was one – so make sure you’re able to not only pay for your degree, but also enjoy your surroundings while at Northeastern. Here we’ll help you understand not only what you can expect to pay for a Northeastern degree and experience, but also how to pay for it.
How much does it cost to attend Northeastern?
For the 2015-2016 academic year, undergraduate tuition at Northeastern was $44,620, which did not include $910 in fees or $14,470 for room and board. Beyond these charges, students should budget for other expenses like a car (if they have one), entertainment, and dining out.
Tuition for many graduate degrees at Northeastern is charged by credit hour. Graduate business programs, for example, cost $1,513 per credit hour. This is toward the higher end; graduate studies in marine biology, for example, cost $1,215 per credit hour. Tuition for Northeastern law is $47,790 per academic year.
Northeastern does not have an MD program, but does offer a number of degrees for other areas in healthcare. Aspiring physician assistants, for example, can receive their PA degree for $13,823 in tuition per term; a PharmD from Northeastern costs $23,360 per semester. Biotechnology, health informatics, and audiology are a few other health-related programs at Northeastern.
In addition to tuition, don’t forget about the cost of housing and food. If you’ll be living on campus, housing for the academic year can cost as little as $3,110 but up to more than $7,000 for one bedroom apartments. For on-campus diners, meal plans will vary by the quantity of meals – from as low as $405 per semester to $3,600 for the same time period.
What kind of financial aid does Northeastern offer?
Northeastern promises to meet full demonstrated need for undergraduate domestic financial aid applicants – and will do so for the duration of the full undergraduate program. In addition to federal and state grants, the Northeastern University Grant is awarded based on financial need. Given these funds are often donated by alumni and other individuals, students awarded this grant may be asked to write thank-you letters to their donor(s).
Undergraduate scholarships at Northeastern are awarded based on academic merit, and do not require a financial aid application. The Dean’s, Connections, and International Scholarships at Northeastern are awarded to the top 10-15% of the undergraduate applicant pool in amounts of $10,000-$25,000 for year one, and from $5,000 to $12,500 per semester for following years. The Scholarship of the Month program offers undergraduates the opportunity to apply for smaller additional scholarships during their time at Northeastern. Other undergraduate scholarship programs include Northeastern National Scholarships, Boston Scholarships, and the Torch Scholars program – many of these also require a community service commitment.
Graduate students will likely need to rely more heavily on loans – whether federal or private – to fund their degree, but Northeastern does offer some scholarships in addition to assistantships, which are awarded by the school or academic department your program falls under. Northeastern undergraduates considering graduate school should look into their program of choice at Northeastern, as they’ll be eligible for up to a 25 percent tuition discount via the Double Husky scholarship. Academic achievement will also help – students in the top third of their incoming class will be considered for the Graduate Dean’s Scholarship. Other graduate scholarships include the Diversity Fellowship and the Martin Luther King Jr. Graduate Fellowship, in addition to outside scholarships.
The School of Law offers its own scholarships. Merit-based scholarships are awarded through a committee process and can only be applied to tuition. The Public Interest Law Scholarship covers full tuition, and all applicants to the law school will be considered – but students can also submit a one-page essay specifically for this scholarship. Additional law school scholarships include Peace Corp & Teach for America scholarships, endowed scholarships (which require a separate application), and the Northeastern University Law Grant (awarded based on financial need).
What kinds of extras should I expect to pay for at Northeastern?
Given Boston’s great public transportation, you probably won’t need a car at Northeastern – but should you decide to bring one, account for the cost of insurance, car payments, and parking. Parking fees at Northeastern depend on whether you’ll be keeping your car on campus, or only need daytime parking – as well as what type of student you are. Look up the type of permit you’ll need in order to estimate these expenses.
Beyond transportation fees, keep in mind the not-so-temperate climate in Boston, meaning you’ll need a wide range of clothes to stay comfortable all year long at Northeastern. If you’re from somewhere with more mild temperatures, you might need a budget just for your wardrobe.
Lastly, keep in mind that you’ll be in the center of lively Boston, with plenty of dining, nightlife and entertainment options to keep you occupied – but that will take a toll on your wallet once it all adds up. Do take advantage of being in the city, but be sure to budget for expenses beyond tuition and the basic room and board.