How Olivet Nazarene'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 Olivet Nazarene University since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,011, which is 94.33 % of all undergraduate students. 2,294 students which is 71.78% of undergraduate students received federal student loans and the average loan amount is $6,994.

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	3,128 (94%)	$18,949	1,098 (33%)	$4,119	2,413 (72%)	$7,726
2014-15	3,143 (89%)	$19,938	1,118 (32%)	$4,088	2,536 (72%)	$7,394
2015-16	3,129 (92%)	$21,649	1,036 (30%)	$4,384	2,411 (71%)	$7,275
2016-17	3,136 (93%)	$19,683	1,013 (30%)	$4,009	2,427 (72%)	$7,207
2017-18	3,201 (95%)	$22,369	1,068 (32%)	$4,165	2,444 (73%)	$7,023
2018-19	3,099 (96%)	$22,791	1,076 (33%)	$4,294	2,332 (72%)	$6,728
2019-20	2,990 (96%)	$25,132	1,080 (35%)	$4,489	2,232 (72%)	$6,610
2020-21	2,704 (97%)	$26,198	980 (35%)	$4,690	2,011 (72%)	$6,623
2021-22	2,571 (97%)	$26,948	925 (35%)	$4,721	1,843 (70%)	$6,357
Average	3,011 (94.33%)	$22,629	1,044 (32.78%)	$4,329	2,294 (71.78%)	$6,994

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

Overview

For the last 10 years, on average, 702 (100.00 % of students) received grants or scholarships and its average amount is $25,499. It can cover 67.21% of tuition & fees ($37,940).

In addition, 536 (76.33 % of students) students get helped from the students loans (average amount : $7,059).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	753 (100%)	$21,910	582 (77%)	$7,298
2014-15	779 (100%)	$22,234	605 (78%)	$7,201
2015-16	730 (100%)	$23,586	556 (76%)	$7,142
2016-17	704 (100%)	$23,905	514 (73%)	$6,869
2017-18	750 (100%)	$25,347	578 (77%)	$6,818
2018-19	691 (100%)	$26,249	532 (77%)	$7,104
2019-20	696 (100%)	$28,153	543 (78%)	$6,929
2020-21	557 (100%)	$28,396	438 (78%)	$7,065
2021-22	660 (100%)	$29,708	480 (73%)	$7,107
Average	702 (100.00%)	$25,499	536 (76.33%)	$7,059

^*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, 258 (36.89 % of students) received Pell (federal) grants and its average amount is $4,349.

In addition, 193 students received State/local government grants/scholarships (27.44 % 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	283 (38%)	$4,035	123 (16%)	$1,045	218 (29%)	$4,568	753 (100%)	$18,900
2014-15	264 (34%)	$3,968	94 (12%)	$931	188 (24%)	$4,268	778 (100%)	$19,773
2015-16	227 (31%)	$4,363	95 (13%)	$1,276	171 (23%)	$4,533	729 (100%)	$21,031
2016-17	228 (32%)	$4,078	92 (13%)	$926	158 (22%)	$4,179	703 (100%)	$21,556
2017-18	285 (38%)	$4,359	125 (17%)	$941	193 (26%)	$4,560	750 (100%)	$22,361
2018-19	264 (38%)	$4,261	111 (16%)	$1,010	196 (28%)	$4,728	691 (100%)	$23,118
2019-20	289 (42%)	$4,467	135 (19%)	$1,896	259 (37%)	$4,836	696 (100%)	$24,131
2020-21	224 (40%)	$4,804	291 (52%)	$1,397	166 (30%)	$5,071	556 (100%)	$24,267
2021-22	257 (39%)	$4,806	372 (56%)	$2,187	188 (28%)	$5,309	660 (100%)	$25,092
Average	258 (36.89%)	$4,349	160 (23.78%)	$1,290	193 (27.44%)	$4,672	702 (100.00%)	$22,248

^*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, 536 (76.33 % of students) get any students loan help and its average loan amount is $536.

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	582 (77%)	$7,298	580 (77%)	$6,411	54 (7%)	$9,797
2014-15	605 (78%)	$7,201	601 (77%)	$5,863	73 (9%)	$11,410
2015-16	556 (76%)	$7,142	555 (76%)	$5,985	61 (8%)	$10,649
2016-17	514 (73%)	$6,869	510 (72%)	$5,679	60 (9%)	$10,573
2017-18	578 (77%)	$6,818	576 (77%)	$5,658	64 (9%)	$10,649
2018-19	532 (77%)	$7,104	527 (76%)	$5,392	79 (11%)	$11,869
2019-20	543 (78%)	$6,929	542 (78%)	$5,399	72 (10%)	$11,615
2020-21	438 (78%)	$7,065	437 (78%)	$5,436	59 (11%)	$12,187
2021-22	480 (73%)	$7,107	479 (73%)	$5,361	66 (10%)	$12,774
Average	536 (76.33%)	$7,059	534 (76.00%)	$5,687	65 (9.33%)	$11,280

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Scholarships, Grants, and Loan Trends at Olivet Nazarene

All Undergraduate Students Financial Aid Over Time

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