by our College Data Analytics TeamThe majority of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at MidAmerica Nazarene University can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can MNU offer, and what will you qualify for? Keep reading for more information. Read on to learn just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from MidAmerica Nazarene University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at MidAmerica Nazarene University, 100% of entering full-time freshmen got some type of financial assistance some 208 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,002 |
| Institutional grants & scholarships | 99% | $21,399 |
| Federal Pell grants | 43% | $5,175 |
| State/local grants | 31% | $4,755 |
| Federal student loans | 67% | $5,680 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At MNU, some 73% of undergraduates were awarded grant or scholarship aid averaging $22,787 (covering around 867 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $22,787 |
| Federal Pell grants | 31% | $5,388 |
| Federal student loans | 52% | $7,653 |
On-campus students receiving title-IV aid were awarded grants averaging $25,190.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,008 |
| $30,001 – $75,000 | $26,048 |
| Over $75,000 | $33,159 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $32,165 |
| Off-campus title-IV students | $29,520 |
For an estimate tailored to your family circumstances, see MNU’s official net price calculator: www.mnu.edu/admissions/financial-aid/.
Graduating students at MNU carry a median federal student debt of $12,912 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,912 |
| Median federal debt (graduates only) | $15,000 |
| Typical 10-year monthly payment (graduates) | $159.02/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at MNU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,333 |
| 25th percentile | $7,500 |
| 75th percentile | $24,250 |
| 90th percentile (highest-debt students) | $32,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $13,620 |
| High income | $12,883 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,050 |
| Continuing-generation students | $12,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for MNU.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at MNU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9229 |
| Total Stafford loan amount | $192,879,985 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $152,259 |
| Average GI Bill amount per recipient | $8,956 |
References
More about our data sources and methodologies.