by our College Data Analytics TeamMany students attending Mount Vernon Nazarene University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Curious about the financial aid opportunities at MVNU and what you may be eligible for? Explore the answers here.
Mount Vernon Nazarene University average financial aid offer for freshmen students is $21,145.00. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Mount Vernon Nazarene University you could end up dealing with.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers listed below make reference to help that is offered by Mount Vernon Nazarene University.
100% of first-year students (324 total) were offered scholarships at Mount Vernon Nazarene University, averaging $18,701.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 85% of first-year students (275 total) got federal grant aid, averaging $2,381.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.51% | $23,309.00 |
| Income 30k-48k | 9.57% | $23,390.00 |
| Income 48k-75k | 16.67% | $22,894.00 |
| Income 75k-110k | 18.21% | $22,021.00 |
| Income 110k + | 10.80% | $19,223.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
100% of the 324 undergraduates at Mount Vernon Nazarene University receive some sort of grant aid. This is a total of about 324 students getting an average of $21,145.00 per person.
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.