Decoding MidAmerica Nazarene University Tuition Fees and Financial Aid
Planning for college expenses is a crucial part of the application process. Understanding the costs associated with attending MidAmerica Nazarene University (MNU) and the available financial aid options is the first step toward effectively managing these expenses. This article provides a comprehensive overview of tuition fees, financial aid programs, and other costs associated with attending MNU.
Understanding the Cost of Attendance
Knowing what a school costs is Step #1 in managing college costs. The "Cost of Attendance" is the total amount of money the average student has to pay, WITHOUT any financial aid, to attend a particular school. Think of it as a school’s sticker price.
The sticker price, or Cost of Attendance, can be intimidating. However, by understanding the different components and available aid options, students can get a clearer picture of the actual cost.
Tuition and Fees
MidAmerica Nazarene University's tuition is $38,620. Compared with the national average cost of tuition of $47,097, MidAmerica Nazarene University is cheaper. These figures include both tuition and fees, also referred to as the sticker price. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources and campus health centers.
Other Expenses
As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses. At MidAmerica Nazarene University, the total cost is $60,983.
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The average yearly cost of room and board at MidAmerica Nazarene University was of $10,740 in 2023. The cost of room and board increased by 6.49% between 2022 and 2023. During the same period, the average yearly cost of books and supplies was $1,446. The cost of books and supplies decreased by 4.49% during the same period. Other costs include personal expenses ($6,363 per year) and transportation ($1,608 per year).
Financial Aid at MNU
Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.
Grants and Scholarships
We’re focusing on grants and scholarships first because they’re the most important forms of financial aid. Grants and scholarships are better than loans because students don’t ever have to pay them back. Although it’s useful to know how many students get grant aid, it’s also important to know how much grant aid people tend to receive. At MidAmerica Nazarene University, MORE students get aid, but the ones who do get LESS than average.
In 2023, 74% of undergraduate students attending MidAmerica Nazarene University received financial aid through grants. Comparatively, 53% of undergraduate students received financial aid through loans.
Institutional scholarships are provided to assist students in paying tuition. MNU scholarships are only for students enrolled in the traditional programs who are seeking their bachelor’s degree. Most students are not eligible for any institutional scholarships when attending off-campus study programs. Scholarships provided through university funds (academic, athletic, tuition remission, endowment, church matching, etc.) cannot create a cash refund for the student. Any excess amount above the direct cost of attendance charged by the university (tuition, fees, room, board) will be labeled “Institutional Over Award” and will be returned to the appropriate scholarship fund. All tuition related scholarships (tuition remission, ministerial, honors program, and academic) cannot exceed the cost of tuition.
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God-given talents are important to MidAmerica Nazarene University. MNU has created several talent scholarships. Athletic Scholarships - Available for both men and women for MNU sports. Scholarship amounts vary based on perceived ability. Performing Arts Scholarships - Several scholarships are available each year to students who show a proficiency in performing arts. Scholarships are offered based on an audition. Department Scholarships - Many academic departments reward students within their department with scholarships for exceptional abilities and leadership qualities shown. This scholarship is available to dependent children of active full-time salaried pastors. To qualify, students must be 23 years of age or less. Students must be enrolled full-time in MNU’s traditional baccalaureate program working toward their first degree.
Student Loans
Aside from grants, the other major way to pay for college is with student loans. The more student loan money you borrow, the more debt you’ll end up with after graduation. Ideally, you want to minimize your student debt as much as possible. It’s generally a bad sign if a school has many students taking out a lot of loans.
High numbers of students with loans is a red flag, and MidAmerica Nazarene University is above average. At MidAmerica Nazarene University, 76% of all students take out federal loans. At MidAmerica Nazarene University, the average annual federal loan amount is $6336. At MidAmerica Nazarene University, 6% of students take out private loans. The average private loan amount at MidAmerica Nazarene University is $11032. The percentage of students getting federal loans is greater than those getting private loans, which is a good sign.
Types of Federal Aid Available
- Federal Pell Grant: Offered to students seeking their first bachelor's degree who demonstrate a high financial need.
- Federal Supplemental Education Opportunity Grant (SEOG): Offered to PELL recipients showing strong financial need.
- Federal Direct Subsidized Stafford Loan: Offered to undergraduate students who demonstrate financial need. A student must be enrolled at least half-time to be eligible. The interest is subsidized by the Department of Education while the student is enrolled at least half-time.
- Federal Direct Unsubsidized Stafford Loan: Available to students regardless of need. A student must be enrolled at least half-time to be eligible. Interest accrues and is calculated only on paid disbursements.
- Federal PLUS: Available to graduate students and parents of dependent undergraduate students regardless of income.
- Federal Work Study (FWS): Federal Work Study is offered based on financial need, early FAFSA application and indicating an interest in FWS on the FAFSA. The FWS program allows students to work, usually on campus, and earn a paycheck.
- Federal TEACH Grant: Provides grants to students who agree to serve as a full-time teacher in a high need field in an elementary or secondary school that serves low-income students.
State Financial Aid (Kansas Residents)
For residents of Kansas who attend MNU, the state offers financial aid programs to help defray the cost of education.
- Kansas Comprehensive Grant (KCG): Offered to traditional undergraduate residents of Kansas who attend a private college within the state.
- Kansas Scholarship Programs: Includes the Kansas State Scholar, the Nursing Service Scholarship, the Teacher Service Scholarship, and the Education Opportunity Scholarship.
Net Price and Expected Family Contribution (EFC)
Above, we've covered MidAmerica Nazarene University's Cost of Attendance (tuition, room and board, books, and more). The Net Price is the total cost minus the total aid given. In other words, this is the price you have to pay to the school out of pocket.
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In 2023 MidAmerica Nazarene University had an average net price - the price paid after factoring in grants and loans - of $29,992.
The US government has come up with a standardized way to calculate how much a typical family can afford to pay without help. Colleges use this number as a guideline to decide how much aid to give you, but it's just a guideline. If the Net Price is higher than the EFC, the school will cost more than you can typically afford. This tool will calculate your Expected Family Contribution, or EFC.
Financial Aid for Military Personnel and Veterans
MNU appreciates the service and protection that the Military provides for us all. We offer a Military Financial Aid Program that can help active military, veterans and their spouses reposition themselves in the working world. Benefits of the Military Financial Aid Program at MNU include discounts and benefits to Active Duty military personnel, drilling members of the National Guard and Reserves, spouses of Active Duty military personnel and honorably discharged veterans through the GI Bill® and the Yellow Ribbon program on certain specific programs.
Payment Plans
While some students pay the full amount of university costs at the time of registration each term, payment plans are available if a student is unable to pay all costs at registration. You may choose from one of three options to spread payments over three, four or five months per academic semester. The payment plan enrollment fee is Forty dollars ($40) per semester and a 10% deposit is due when enrolling.
Important Dates and Deadlines
- Financial Aid Application Due: June 30
- Notification Date: January 31
Student Loan Debt at Graduation
At MidAmerica Nazarene University, the median federal loan debt among borrowers who completed their undergraduate degree is $15,000. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $159.
Additionally, 16% of graduating students at MidAmerica Nazarene University took out private loans. Students with private loans had an average of $23,786 in private loan debt at graduation.
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