Mount Vernon Nazarene University

In 2022, tuition for full-time students at Mount Vernon Nazarene University was $35,274 a year.

In 2023, tuition increased 4%–from $33,918 the previous year. Usually, colleges raise tuition about 3% each year.

If these numbers sound impossible, remember, the total cost of tuition isn't the final cost for attending college. Many students owe much less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theprice of collegefeel more doable until you've finishing school and found a job.

Mount Vernon Nazarene University meets 23.75% of the demonstrated financial need for undergraduates. First-year students that attend Mount Vernon Nazarene University full-time are awarded $36,597 a year in financial aid, on average.

Graduates in the class of 2023 had an average of $29,455 in student loans per borrower.

Does Mount Vernon Nazarene University Offer In-State and Out-of-State Tuition?

Mount Vernon Nazarene University is a private, religious institution, so it has the same tuition for residents of Ohio as it does for residents from other states.

Public colleges and universities receive funding from the state government. These institutions offer a lower cost of attendance for those who qualify as Ohio residents.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Be sure to confirm your state's rules for in-state tuition. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements as well, depending on where you live.

Explore other Ohio colleges

Mount Vernon Nazarene University International Student Tuition

Tuition at Mount Vernon Nazarene University is the same for every student.

Students from outside of the U.S. are not eligible for federal financial aid, but may be eligible for private or Mount Vernon Nazarene University-specific aid and scholarships. International students with need may qualify for the following types of financial support at Mount Vernon Nazarene University:

•Mount Vernon Nazarene University-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Mount Vernon Nazarene University Room, Board, Fees, and More

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In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Mount Vernon Nazarene University.

Room and Board Costs at Mount Vernon Nazarene University

Board costs vary based on on how many meals are included in the plan you choose.

How Much Do Books Cost at Mount Vernon Nazarene University?

The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

Most schools charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer resources so that those who may struggle to participate because of cost can get help covering these costs.

The Cost of Transportation at Mount Vernon Nazarene University

The total cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use public transportation? All of these questions can make a big difference in your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.

A school's location can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city could be expensive, but there may be more buses, trains or low-cost flight options to actually get to school. The Mount Vernon Nazarene University campus is in a town in Ohio, near Columbus.

Other Costs

When budgeting for college, be sure to take into account personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Financial Breakdown for Mount Vernon Nazarene University

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for Mount Vernon Nazarene University.

How Much Does Mount Vernon Nazarene University Cost?

What will the cost of attending Mount Vernon Nazarene University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$35,274

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$35,274
Off-Campus	$35,274

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Mount Vernon Nazarene University Financial Aid

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The majority of Mount Vernon Nazarene University undergrads use financial aid to help pay for school. In 2023, 1,049 of the 1,699 undergrads enrolled received financial aid. Mount Vernon Nazarene University meets 23.75% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $36,597 a year. Around 71% of Mount Vernon Nazarene University undergrads take out student loans to cover any remaining costs. Mount Vernon Nazarene University graduates who have student loans graduate with an average of $29,455 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$18,774
State Loans	$4,860
Mount Vernon Nazarene University-Specific Loans	$2,000
Private Loans	$34,982

Most Common Loans for Mount Vernon Nazarene University Students
Federal Loans	53%
State loans	1%
Institutional Loans	2%
Private loans	22%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Mount Vernon Nazarene University financial aid, keep reading, or visit their financial aid website.

Scholarships at Mount Vernon Nazarene University

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Mount Vernon Nazarene University awarded 848 need-based scholarships to students, giving away total of $20.6 million to help students with financial need cover the cost of school. An additional $5.34 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Mount Vernon Nazarene University Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Mount Vernon Nazarene University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Mount Vernon Nazarene University was $36,597 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Mount Vernon Nazarene University seem more manageable.

Estimated Net Cost for Full-Time Students
Off-Campus	$-1,323

Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.

What will attending Mount Vernon Nazarene University really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Mount Vernon Nazarene University's net cost calculator on their website.

Mount Vernon Nazarene University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Mount Vernon Nazarene University Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

Check the financial aid website for more information on payment plans and tuition waivers.

Mount Vernon Nazarene University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Mount Vernon Nazarene University's endowment was $23.2 million. The average college endowment was $905 million in 2021.

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Learn More About Mount Vernon Nazarene University

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