MidAmerica Nazarene University Financial Aid and Scholarships
Students Receiving Aid
71%
Total Aid Amount
$16.704M
Financial Aid Official Website
https://www.mnu.edu/undergraduate/financial-aid
Among them are scholarship programs such as Albert M. Lappin Scholarship, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and Hansen Leaders of Tomorrow. Notably, 99% of the students at MidAmerica Nazarene University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,948,562. Notably, a total of 37% of the applicants to MidAmerica Nazarene University receive the Federal Grant every year. On the other hand, 98% of the candidates get the Student Grant, 96% receive the Institution Grant, and 37% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,594, the State Grant receivers and Institution Grant beneficiaries get $2,690 and $18,613, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,419. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At MNU, an estimated number of 75% of the applicants choose to go for student loans.
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