$4,738

Avg. Federal Grant

$5,658

Avg. Federal Loan

$71,602,148

Total Aid Awarded

Olivet Nazarene University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$71.602M

Financial Aid Official Website

www.olivet.edu/financial-aid/

Olivet Nazarene University wishes to provide quality academic experience to their students with a commitment to excellence. ONU is passionate about making Christian education attainable for students from all walks of life and economic backgrounds.

ONU’s financial advisors are always ready to guide and serve the students through the necessary steps in completing their financial aid process. Olivet’s financial team will work with the students to find a financial solution that meets their individual needs.

Steps to apply for financial aid

  • Apply to Olivet Nazarene University. Olivet Nazarene University offers merit scholarships for academics, athletics, music, and art.
  • Apply for federal and state grants. Complete the Free Application for Federal Student Aid (FAFSA) to begin the process of obtaining financial aid. This form can be filled out online. The online application requires an FSA ID. ONU’s school code: 001741.
  • Students can seek out additional scholarships made available through private funding.

To speak with a Student Financial Services Coordinator, please call 815-939-5245 or email university at studentfinance@olivet.edu.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

26%

Institution Grant Aid

100%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,738

State Grant Aid

$4,560

Institution Grant Aid

$22,361

Pell Grant

$4,359

As shown in the table, the breakdown includes federal grants, pell grants, state grants, and institutional grants with institutional grants having the highest percentage contribution of 100% with an average aid amount being $22,361.

Federal grants have a percentage of 38% with an average aid amount of $4,738 which is higher than the State grant aid average of $4,560.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,434

$30,001 - $48,000

$31,239

$48,001 - $75,000

$29,052

$75,001 - $110,000

$23,859

Over $110,000

$21,510

The average federal aid is calculated 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 $29,434.

A slight change is observed with the change in range; income between $30,001-48,000 receives $31,239. For incomes ranging between $48,001-75,000 the aid provided is $29,052.

When the income range increases the aid amount decreases. $110,000 and higher receive an aid amount of $21,510.

Student Loans for Olivet Nazarene University

Average Loan Amount Average Loan Amount received per year.

$6,818/Year

Students Taking Out Loans

77%

Loan Default Rate

4.2%

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