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#20 Best Private Colleges in Ohio

MVNU Tuition & Cost

Mount Vernon, Ohio

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How much does it cost to attend?

Sticker Price
$45,900
Costs for Mount Vernon Nazarene University
Fee Cost
Tuition$31,360
Books and Supplies$1,500
Other Fees$250
Room and Board $8,890
Other Expenses Budget$3,900

Annual Prices

The annual list price to attend Mount Vernon Nazarene University on a full time basis for 2020/2021 is $45,900 for all students regardless of their residency. This fee is comprised of $31,360 for tuition, $8,890 room and board, $1,500 for books and supplies and $250 for other fees. Out of state tuition for Mount Vernon Nazarene University is $31,360, the same as Ohio residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Mount Vernon Nazarene University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$22,280
Net Price by Income Mount Vernon Nazarene University
Family Income Net Price Paid
$0 to $30,000$20,032
$30,001 to $48,000$19,951
$48,001 to $75,000$20,447
$75,001 to $110,000$21,320
$110,000+$24,118

The average reported annual net price for Mount Vernon Nazarene University for students receiving grants or scholarship aid was $22,280 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

100% of full-time undergrad Mount Vernon Nazarene University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $21,394 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 74% of students received Federal Student Loans averaging $5,205 and 12% of undergrads took out private student loans averaging $9,562.

Finanical Aid Mount Vernon Nazarene University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $21,394 100%
Institutional Grants and Scholarships $18,701 100%
Pell Grants $4,227 37%
Other Federal Grants $521 85%
State and Local Grants $3,198 21%
Federal Student Loans $5,205 74%
Other Student Loans $9,562 12%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Mount Vernon Nazarene University, we've modeled a ten year student loan with an original principal value of $77,352. The loan balance of $77,352 is a four year multiple of the $19,338 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $738 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $77,352
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $738.02
Total Interest Paid $11,210.81
Sum of All Loan Payments $88,562.81

Projected 4 Year Degree Price

4 Year Sticker Price
$183,600
Year All Residents
1 $45,900
2 $48,010
3 $50,218
4 $52,527

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Mount Vernon Nazarene University to be $183,600 - assuming graduation in normal time. The estimation assumes a 4.6% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Mount Vernon Nazarene University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $627 $1,881 $2,508

Estimated cost for a class at Mount Vernon Nazarene University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Mount Vernon Nazarene University versus other colleges.

Tuition Payment Plans Available

Mount Vernon Nazarene University Payment Plans
Tuition Payment Plan No
Prepaid Tuition Plan No
Alternative Tuition Plan No
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=204194 IPEDS survey data for Mount Vernon Nazarene University.