by our College Data Analytics TeamMost students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Mount Vernon Nazarene University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does MVNU offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Mount Vernon Nazarene University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Mount Vernon Nazarene University, 100% of the incoming full-time class was awarded financial aid approximately 277 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $26,886 |
| Institutional grants & scholarships | 99% | $24,229 |
| Federal Pell grants | 37% | $4,862 |
| State/local grants | 22% | $4,124 |
| Federal student loans | 62% | $6,953 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At MVNU, about 73% of undergraduates were awarded an average grant or scholarship of $26,304 (across approximately 1184 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $26,304 |
| Federal Pell grants | 30% | $4,877 |
| Federal student loans | 50% | $6,488 |
On-campus students receiving title-IV aid were awarded grants averaging $27,437.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,632 |
| $30,001 – $75,000 | $18,590 |
| Over $75,000 | $24,746 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,421 |
| Off-campus title-IV students | $21,812 |
To project your own net price, use MVNU’s online cost calculator: calculator.mvnu.edu/.
The median federal debt load at MVNU comes to $19,565 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,565 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at MVNU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,125 |
| 25th percentile | $6,977 |
| 75th percentile | $25,500 |
| 90th percentile (highest-debt students) | $33,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,319 |
| Middle income | $20,832 |
| High income | $20,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,577 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $20,717 |
The figure below distills the debt data into a single burden category for MVNU.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at MVNU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10142 |
| Total Stafford loan amount | $217,119,216 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $240,986 |
| Average GI Bill amount per recipient | $16,066 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.