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Mount Vernon Nazarene University (MVNU) Tuition and Fees

Mount Vernon Nazarene University, which is located in Mount Vernon, Ohio is a private, Church of the Nazarene university. Around 61% of the students are females and 39% are males. Notably, Mount Vernon Nazarene University is also home to an ethnically diverse student population. At MVNU around 86% are white, 3% are Black or African American, and 3% belong to Hispanic ethnicity. Moreover, around 80% of the students are 24 and under. Tim Belcher, Marty McLeary, Floyd Nease, and Tim Ginter are some

$28,994

Tuition

$42,614

Cost of Attendance

$20,626

Net Price

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Mount Vernon Nazarene University (MVNU) Tuition and Fees

Mount Vernon Nazarene University is known for offering a wide range of undergraduate and postgraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at MVNU is quite moderate. The average annual cost for students opting to pursue undergraduate programs at the university is estimated to be around $30,404, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing costs $8,548, books and supplies cost $1,400, while the other expenses add up to $4,250.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$29,244	$29,244
Book & Supplies	$1,400	$1,400
Room & Board cost	$8,170	$8,170
Other Expenses	$3,800	$3,800
Total Cost of Attendance	$42,614	$42,614

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. What's more, at Mount Vernon Nazarene University, the total tuition and fees for the enrolled students come out to be around $30,404 in a year. Apart from that, they should also pay an average amount of $1,400 toward books and supplies, $6,524 for room and boarding charges, and $4,250 toward other expenses in a year. Hence, based on this information, the overall cost of attending the university adds up to around $42,578 per year.

Average Net Price by Family Income

Net Price

$20,626

Family Income

Avg. Net Price

$0 to $30,000

$17,667

$30,001 to $48,000

$17,321

$48,001 to $75,000

$20,506

$75,001 to $110,000

$21,346

$110,000+

$23,734

The net price of attending Mount Vernon Nazarene University is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $21,221 at MVNU. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $18,507. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $16,876. Meanwhile, the net price stands at $19,787 for the $48,001-$75,000 income bracket and at $21,530 for an income between $75,001 and $110,000. This amount adds up to $23,486 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$77,352

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$803

Total interest paid

$18,977

Sum of Loan Payments

$96,329

To have a realistic understanding of how much it will cost to study at Mount Vernon Nazarene University (MVNU) here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $77,352 for example. This will result in a $9,633 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $96,329 which is $18,977 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$29,244	$29,244
Room & Board Cost	$8,170	$8,170
Total Tuition & Fees	$37,414	$37,414

At Mount Vernon Nazarene University, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $30,404 per year. Alongside that, they will likewise need to shell out around $6,524 toward their room and boarding charges. In view of this information, the estimated total cost for undergraduate students at MVNU adds up to $42,578.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$8,964	$8,964
Fees	$60	$60

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at MVNU, the amount stands at $8,964 per year. Notably, no graduation fee is collected from the students at Mount Vernon Nazarene University.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$498
Undergraduate	2018 - 2019	$577

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend MVNU. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $149 and for undergraduate courses, it stands at $233. At present, Mount Vernon Nazarene University also offers various online programs to students across as many as 71 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$8,170	$4,150
Other Expense	$3,800	$4,500
Book & Supplies	$1,400	$1,400

Now, coming to the lodging and related expenses at MVNU, the actual amount to be paid varies based on whether the candidate opts to live on-campus or off-campus. The on-campus logding facilities cost $12,448 per year, while students have to pay $9,100 a year for off-campus housing. The room and boarding charges for on-campus students come to around $8,548, while the off-campus candidates would need to pay $4,500. In addition to that, the candidates will have to pay an amount of about $1,400 for books and supplies. Meanwhile, the other expenses that one needs to plan for add up to $3,900 for on-campus students and $4,600 for off-campus students.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$8,170

Off Campus

$4,150

Housing & Other Expenses

Other Expenses

On Campus

$3,800

Off Campus

$4,500

Housing & Other Expenses

Book & Supplies

On Campus

$1,400

Off Campus

$1,400

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Masters	NA	NA
Bachelors	$27,840	NA
Associate	$27,840	NA

Mount Vernon Nazarene University (MVNU) offers 15 online programs across 4 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Mount Vernon Nazarene University is around $214,710 as per official data. In comparison, the total expenses for undergraduate students stood at $21,221 for 2018-2019, $20,626 for 2017-2018, and $20,880 for 2016-2017.

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Mount Vernon Nazarene University (MVNU) Tuition and Fees

Total Cost of Attendance

Average Net Price by Family Income

Student Loans

Undergraduate Tuition and Fees

Graduate Tuition and Fees

Cost Per Credit Hour

Campus Housing Expenses

Campus Housing Expenses

Online Degree Programs, Tuition and Cost Per Credit Summary

Projected Price for a 4 year degree

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