How MVNU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Mount Vernon Nazarene University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,494, which is 83.44 % of all undergraduate students. 1,135 students which is 63.44% of undergraduate students received federal student loans and the average loan amount is $7,171.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,525 (83%)	$12,220	810 (44%)	$3,789	1,304 (71%)	$8,017
2014-15	1,546 (87%)	$13,651	734 (42%)	$3,824	1,292 (73%)	$8,006
2015-16	1,463 (82%)	$15,040	652 (36%)	$3,745	1,020 (57%)	$7,387
2016-17	1,538 (84%)	$16,400	643 (35%)	$3,913	1,156 (63%)	$7,244
2017-18	1,602 (88%)	$16,975	659 (36%)	$4,059	1,128 (62%)	$7,178
2018-19	1,609 (88%)	$18,119	645 (35%)	$4,077	1,136 (62%)	$6,687
2019-20	1,614 (89%)	$18,823	630 (35%)	$4,179	1,143 (63%)	$6,734
2020-21	1,214 (71%)	$22,494	605 (35%)	$4,231	1,053 (62%)	$6,774
2021-22	1,334 (79%)	$21,227	504 (30%)	$4,230	981 (58%)	$6,516
Average	1,494 (83.44%)	$17,217	654 (36.44%)	$4,005	1,135 (63.44%)	$7,171

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 339 (98.67 % of students) received grants or scholarships and its average amount is $19,299. It can cover 75.51% of tuition & fees ($25,559).

In addition, 257 (74.44 % of students) students get helped from the students loans (average amount : $7,180).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	298 (99%)	$15,374	232 (77%)	$7,995
2014-15	311 (100%)	$16,601	242 (78%)	$7,305
2015-16	356 (100%)	$17,976	252 (71%)	$6,915
2016-17	410 (91%)	$17,541	348 (77%)	$7,151
2017-18	337 (98%)	$19,834	262 (76%)	$7,236
2018-19	372 (100%)	$20,612	271 (73%)	$7,264
2019-20	324 (100%)	$21,394	241 (74%)	$6,709
2020-21	345 (100%)	$21,161	260 (75%)	$7,096
2021-22	294 (100%)	$23,202	203 (69%)	$6,951
Average	339 (98.67%)	$19,299	257 (74.44%)	$7,180

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 127 (36.67 % of students) received Pell (federal) grants and its average amount is $4,133.

In addition, 75 students received State/local government grants/scholarships (21.67 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	127 (42%)	$4,085	99 (33%)	$584	80 (27%)	$1,928	296 (98%)	$13,008
2014-15	125 (40%)	$3,970	82 (26%)	$776	71 (23%)	$2,423	311 (100%)	$14,248
2015-16	136 (38%)	$3,903	90 (25%)	$832	85 (24%)	$2,533	356 (100%)	$15,670
2016-17	186 (41%)	$3,829	64 (14%)	$642	115 (25%)	$2,610	365 (81%)	$16,818
2017-18	128 (37%)	$4,246	34 (10%)	$1,004	78 (23%)	$2,993	331 (97%)	$17,744
2018-19	129 (35%)	$4,141	30 (8%)	$1,257	62 (17%)	$2,955	370 (99%)	$18,682
2019-20	121 (37%)	$4,227	275 (85%)	$521	68 (21%)	$3,198	324 (100%)	$18,701
2020-21	110 (32%)	$4,735	44 (13%)	$998	66 (19%)	$3,593	345 (100%)	$18,837
2021-22	83 (28%)	$4,061	35 (12%)	$734	47 (16%)	$3,440	294 (100%)	$21,418
Average	127 (36.67%)	$4,133	84 (25.11%)	$816	75 (21.67%)	$2,853	332 (97.22%)	$17,236

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 257 (74.44 % of students) get any students loan help and its average loan amount is $257.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	232 (77%)	$7,995	229 (76%)	$7,563	18 (6%)	$6,820
2014-15	242 (78%)	$7,305	239 (77%)	$6,141	26 (8%)	$11,535
2015-16	252 (71%)	$6,915	250 (70%)	$5,566	40 (11%)	$8,778
2016-17	348 (77%)	$7,151	347 (77%)	$5,954	44 (10%)	$9,608
2017-18	262 (76%)	$7,236	261 (76%)	$5,744	43 (13%)	$9,227
2018-19	271 (73%)	$7,264	268 (72%)	$5,164	62 (17%)	$9,428
2019-20	241 (74%)	$6,709	239 (74%)	$5,205	39 (12%)	$9,562
2020-21	260 (75%)	$7,096	255 (74%)	$5,246	44 (13%)	$11,532
2021-22	203 (69%)	$6,951	203 (69%)	$4,901	36 (12%)	$11,558
Average	257 (74.44%)	$7,180	255 (73.89%)	$5,720	39 (11.33%)	$9,783

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Scholarships, Grants, and Loan Trends at MVNU

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time