$4,858

Avg. Federal Grant

$5,301

Avg. Federal Loan

$16,703,713

Total Aid Awarded

MidAmerica Nazarene University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

32%

Institution Grant Aid

97%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$4,858

State Grant Aid

$2,734

Institution Grant Aid

$18,253

Pell Grant

$4,424

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,335

$30,001 - $48,000

$22,164

$48,001 - $75,000

$25,870

$75,001 - $110,000

$18,072

Over $110,000

$15,191

Student Loans for MidAmerica Nazarene University

Average Loan Amount Average Loan Amount received per year.

$5,949/Year

Students Taking Out Loans

70%

Loan Default Rate

7%

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