For the academic year 2022-2023, total 294 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 1,334 students (79% of all students) received grants or scholarships and the average grant amount is $21,227. In addition, 981 students received student loans and the average loan amount is $6,516.
Below tables show the number and amount by source of financial aid at Mount Vernon Nazarene University.
For all undergraduate students, total 1,334 students (79% of all students) received grants or scholarships and the average grant amount is $21,227. In addition, 981 students received student loans and the average loan amount is $6,516.
Below tables show the number and amount by source of financial aid at Mount Vernon Nazarene University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,334 | 79% | $21,227 |
| Pell Grants | 504 | 30% | $4,230 |
| Federal Student Loans | 981 | 58% | $6,516 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 294 | 100% | - |
| Grants or Scholarship from All Sources | 294 | 100% | $23,202 |
| Federal Grants | 85 | 29% | $4,268 |
| Pell Grants | 83 | 28% | $4,061 |
| Other Federal Grants | 35 | 12% | $734 |
| State/Local Grants | 47 | 16% | $3,440 |
| Institutional Grants | 294 | 100% | $21,418 |
| Student Loans | 203 | 69% | $6,951 |
| Federal Student Loans | 203 | 69% | $4,901 |
| Other Student Loans | 36 | 12% | $11,558 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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