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National Application Center :: campus tours :: Mount Vernon Nazarene University costs & financial aid

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Mount Vernon Nazarene University

Mount Vernon Nazarene University
800 Martinsburg Road
Mount Vernon, OH 43050

Official telephone: (740) 392-6868
Fax number: (740) 397-2769
Website: www.mvnu.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Jared Sponseller,
Director of Student Financial Services
Contacting the office: 740 392-6868
866 686-8243 (toll free)
740 399-8682 (fax)
finaid@mvnu.edu
FAFSA number: 007085

EXPENSES
Undergraduate tuition: $26,700; $26,700 out-of-state
Additional required fees: $250
Book fees: $1,400
Miscellaneous expenses: $4,554
Other expenses: Transportation.
Combined room and board expenses: $8,704

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1yesN/A

Date award notification begins: March 1
Applied for financial aid:
94% of first-year students
84% of full-time undergraduates
31% of part-time undergraduates
Determined to have financial need:
89% of first-year students
84% of full-time undergraduates
53% of part-time undergraduates
Students determined to have financial need who received any financial aid:
98% of first-year students
68% of full-time undergraduates
9% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
82% of first-year students
86% of full-time undergraduates
100% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
38% of first-year students
43% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
38% of first-year students
43% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
69% for first-year students
67% for full-time undergraduates
32% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$23,299 for first-year students
$22,264 for full-time undergraduates
$10,000 for part-time undergraduates
Average need-based gift award:
$20,801 for first-year students
$18,829 for full-time undergraduates
$6,789 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$2,738 for first-year students
$4,407 for full-time undergraduates
$3,211 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$2,526 for first-year students
$4,191 for full-time undergraduates
$2,851 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
16% of first-year students
29% of full-time undergraduates
0% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$14,522 for first-year students
$14,509 for full-time undergraduates
$7,800 for part-time undergraduates
Students who received a non-need-based athletic award:
4% of first-year students
2% of full-time undergraduates
Average non-need-based athletic award:
$5,154 for first-year students
$6,750 for full-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 12%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • State Loans
  • Schell private/alternative loans.
Parent loans packaged to meet need: yes
Percent of undergraduates who have borrowed through all loan programs: 76%
Average student debt upon graduation: $28,802
Types of payment plans:
  • deferred payment plan
  • family tuition reduction
  • school's own payment plan(s)
  • Higher One TuitionPay.
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • special achievements/activities
  • special characteristics
  • athletic scholarships
  • leadership scholarships/grants.
First-year scholarship/grant award range: $1 (full tuition)
Undergraduate scholarship/grant award range: $1 (full tuition)

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