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About My Award Letter

How Your Financial Aid Eligibility was Determined

  • Your financial aid eligibility was determined based on the Free Application for Federal Student Aid (FAFSA). This form analyzes you and your parents’ (if dependent) 2008 income and assets to determine an "Expected Family Contribution" (EFC). MVNU uses the federally calculated EFC and subtracts it from the Cost of Attendance for the given academic year to determine your eligibility for "need based aid".
    Cost of Attendance – Expected Family Contribution (EFC) = Need
  • The 2009-10 Cost of Attendance for financial aid eligibility purposes included not only Direct Costs -- Tuition and Fees, Health Care, and Room and Board, but also allowances for Indirect Costs -- Books and Supplies, Transportation and Miscellaneous Personal Expenses.
For Undergraduates:

Direct Costs 2009-2010

Residential Student | Commuter Student

 Residential Student  Fall  Spring  Total
Tuition $9,865 $9,865 $19,730
General Fee $300 $300 $600
Room $1,645 $1,645 $3,290
Food Service $1,300 $1,300 $2,600
Health Care $80 $80 $160
TOTAL (Residential) $13,190 $13,190 $26,380
Commuter Student  Fall  Spring  Total
Tuition $9,865 $9,865 $19,730
General Fee $300 $300 $600
TOTAL (Commuter) $10,165 $10,165 $20,330

Indirect Costs 2009-2010

2009-2010 On Campus for Fall and Spring
Indirect Costs
On Campus Student Fall Spring Total
Books and Supplies $500 $500 $1,000
Personal $943 $942 $1,885
Travel $526 $526 $1,052
Total (on-campus) $1,969 $1,968 $3,937
Indirect costs are estimated costs incurred by the student while attending Mount Vernon Nazarene University. These costs are estimated based on data collected from the area surrounding MVNU.

2009-2010 Off Campus for Fall and Spring

Indirect Costs
Off Campus StudentFallSpringTotal
Books and Supplies$500$500$1,000
Living Expenses$1,948$1,947$3,895
Personal$943$942$1,885
Travel$858$859$1,717
Total (off-campus)$4,249 $4,248 $8,497
Indirect costs are estimated costs incurred by the student while attending Mount Vernon Nazarene University. These costs are estimated based on data collected from the area surrounding MVNU.
  • Once your eligibility for need-based aid is determined, a combination of need-based and non-need-based aid programs are offered to help meet the cost of attendance.
    • First, Merit Scholarship are awarded based on admissions data: (SAT/ACT score).
    • Then Federal, State, and Institutional need-based grant or scholarship funds are awarded.
    • Third, federal work-study (need based campus employment) is awarded.
    • Fourth, Stafford loans are added to the award package.
    • Finally, the Parent PLUS loan and/or alternative loans are awarded up to the Cost of Attendance.
  • This combination of aid programs are being "offered" and you may accept all or part of the Federal loans. Alternative Loan options and the Parent PLUS loan are available to help fund the full Cost of Attendance. You and your family will need to evaluate your personal resources to decide the amount of Alternative Loans (if any) or Parent PLUS loan you may need to borrow.
  • In addition, you may be selected for verification. The process of verification verifies the information you submitted on the FAFSA. The paperwork requested by the Financial Aid Office is required to disburse your federal aid.
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