by our College Data Analytics TeamThe total cost of attendance at MidAmerica Nazarene University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Uncover the various financial aid options provided by MNU and determine which ones you may be eligible for by continuing your exploration.
MidAmerica Nazarene University average financial aid offer for freshmen students is $19,528.00. 99% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at MidAmerica Nazarene University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by MidAmerica Nazarene University.
97% of new students (185 total) were offered scholarships at MidAmerica Nazarene University, averaging $17,202.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 39% of first-year students (75 total) got federal grant aid, averaging $4,477.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.14% | $19,866.00 |
| Income 30k-48k | 14.14% | $22,313.00 |
| Income 48k-75k | 12.04% | $19,133.00 |
| Income 75k-110k | 15.71% | $19,842.00 |
| Income 110k + | 21.47% | $16,157.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
186 MNU undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $19,528.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
