by our College Data Analytics TeamMost students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Olivet Nazarene University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Olivet Nazarene offer, and what will you qualify for? Keep reading for more information. Keep going to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Olivet Nazarene University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Olivet Nazarene University, 100% of entering full-time freshmen got some type of financial assistance around 646 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $30,817 |
| Institutional grants & scholarships | 97% | $24,617 |
| Federal Pell grants | 44% | $5,583 |
| State/local grants | 35% | $9,309 |
| Federal student loans | 70% | $5,150 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Olivet Nazarene, roughly 98% of undergraduate students received gift aid averaging $29,047 (covering around 2512 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $29,047 |
| Federal Pell grants | 38% | $5,412 |
| Federal student loans | 63% | $6,268 |
On-campus students receiving title-IV aid were awarded grants averaging $31,252.
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 | $17,444 |
| $30,001 – $75,000 | $18,513 |
| Over $75,000 | $25,372 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,729 |
| Off-campus title-IV students | $21,539 |
To get a personalized net price estimate, try Olivet Nazarene’s online cost calculator: olivet.studentaidcalculator.com/survey.aspx.
The median student at Olivet Nazarene graduates with $19,313 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,313 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Olivet Nazarene.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,866 |
| 25th percentile | $7,860 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $19,000 |
| High income | $21,430 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,750 |
| Continuing-generation students | $20,694 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,500 |
| Independent students | $13,140 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Olivet Nazarene.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Olivet Nazarene:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17739 |
| Total Stafford loan amount | $345,868,559 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 41 |
| Total GI Bill amount | $906,287 |
| Average GI Bill amount per recipient | $22,105 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.