by our College Data Analytics TeamMany students attending Olivet 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.
Uncover the various financial aid options provided by Olivet Nazarene and determine which ones you may be eligible for by continuing your exploration.
$28,153.00 is the typical Olivet Nazarene University’s first year financial aid package. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as 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 loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Olivet Nazarene University you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers pertain to assistance that is supplied by Olivet Nazarene University.
100% of first-year students (696 total) were offered scholarships at Olivet Nazarene University, averaging $24,131.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 43% of first-year students (301 total) got a federal grant, for about $5,139.00 per person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.80% | $31,668.00 |
| Income 30k-48k | 12.07% | $32,461.00 |
| Income 48k-75k | 17.53% | $30,913.00 |
| Income 75k-110k | 16.09% | $26,259.00 |
| Income 110k + | 22.84% | $24,626.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
100% of the 696 undergraduates at Olivet Nazarene University receive some sort of grant aid. This is a total of about 696 students getting an average of $28,153.00 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.