Avg. Federal Grant
Avg. Federal Loan
Total Aid Awarded
Students Receiving Aid
Percent of Students Receiving Financial Aid.
Total Aid Amount
Average Total Aid Awarded per year.
Financial Aid Official Website
Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Dr. Allen Smith Memorial Scholarship, and Education Foundation Scholarship. It is interesting to note that almost every student at MVNU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,596,660. The total percentage of candidates applying to Mount Vernon Nazarene University who receive the Federal Grant is 36%. Meanwhile, 100% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 35% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,268, and the same stands at $2,955 for State Grant awardees and $18,682 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,077. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At MVNU, an estimated number of 73% of the applicants choose to go for student loans.
Student Receiving Aid
Federal Grant Aid
State Grant Aid
Institution Grant Aid
Average Aid Awarded
A federal grant is also an option for you if you meet the eligibility criteria, 38% of candidates cover up their expenses and the average of it is $4,375. The Pell grants average amount is $4,246 and serves 37% candidates.
In addition to these, the state grants also cover up the expenses of 23% of pupils and the average of it is $2,993. You might depend upon the institutional scholarships and grants as almost 97% of all students get hold of them and the average of them is $17,744.
Average Federal Aid Per Year
$30,001 - $48,000
$48,001 - $75,000
$75,001 - $110,000
The average federal aid at MVNU is etimated according to the family income of the student.
Depending on the financial aid available to the family or the student, the income bracket may either pay more or less than the overall average costs. Incomes between $0-30,000 receive the aid of about $22,712.
A slight change is observed with the change in range; income between $30,001-48,000 receives $23,058. For incomes ranging between $48,001-75,000 the aid provided is $19,873. When the income range increases the aid amount decreases. $110,000 and higher receive an aid amount of $16,645.
Average Loan Amount
Average Loan Amount received per year.
Students Taking Out Loans
Loan Default Rate