Savanna Hoffman
Northwest Nazarene University offers financial aid to its students in the form of scholarships, grants, loans, and employment. The university encourages students to apply for financial aid and explore all possible resources. The first step to receiving financial aid from the university is to apply for admission. After being accepted, the Office of Financial Aid reviews the student's application, GPA, test scores, and FAFSA to determine eligibility for federal grants and loans. Federal loans tend to have low-interest rates and other perks, such as loan forgiveness. Northwest Nazarene University also offers institutional aid, which is financial aid that comes directly from the university.
| Characteristics | Values |
|---|---|
| Types of financial aid | Scholarships, grants, loans, and employment |
| Federal loans | 73% of students take out federal loans |
| Median federal loan debt | $23,750 |
| Median monthly federal loan payment | $252 |
| Federal grants | Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG) |
| Federal loan requirements | Must not be in default on any federal student loans, must not have borrowed in excess of loan limits, must not owe a refund on any grant under Title IV federal student aid programs |
| Federal loan advantages | Low-interest rates, subsidization, options for loan forgiveness |
| Federal loan application | Free Application for Federal Student Aid (FAFSA) |
| FAFSA eligibility | Need-based, merit-based, or non-need-based |
| Average need-based scholarship or grant | $19,736 |
| Percentage of first-year students who received need-based financial aid in fall 2022 | 81% |
| Average need-based self-help aid | $8,770 |
| Merit-based aid | Awarded for a specific talent or academic achievement |
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Federal loans
The first step to receiving federal loans from NNU is to apply for admission to the university. The Application for Admission also serves as the application for financial aid. The FAFSA (Free Application for Federal Student Aid) is then used to determine a student's eligibility for federal grants and loans by evaluating their family's financial ability to pay for college. Students must submit the FAFSA each year after October 1st for the following fall semester. The FAFSA can be submitted online using a Federal Student Aid ID. NNU's school code is 001624.
There are two main types of federal loans offered by NNU: subsidized and unsubsidized. A subsidized loan is one where the government pays the interest on the loan while the student is in school, in a grace period, or in deferment. On the other hand, an unsubsidized loan is where the government does not pay the interest, and the student is responsible for repayment six months after graduation or discontinuance of at least half-time enrollment. Students who do not qualify for a subsidized loan based on need may still be eligible for an unsubsidized loan.
The median federal loan debt among borrowers who completed their undergraduate degree at NNU is $23,750. The median monthly federal loan payment, if repaid over 10 years at 5.05% interest, is $252. It is important to note that students should aim to keep their total student loan debt below their anticipated starting salary after graduation. Additionally, 18% of graduating students at NNU took out private loans, with an average debt of $28,702.
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Scholarships
Northwest Nazarene University (NNU) offers various scholarships to its students. The first step to receiving financial aid from NNU is to apply for admission to the university. The NNU Office of Financial Aid will then review your application, GPA, test scores, and FAFSA to determine aid eligibility.
NNU offers need-based scholarships, with the average need-based scholarship or grant awarded to first-year students being $19,736. 81% of first-year students received need-based financial aid in fall 2022. Students with a GPA below 3.0 still qualify for a merit scholarship.
NNU also offers miscellaneous scholarships for athletics, music, and forensics based on student achievement. Music scholarships are available to both major and non-major students and are dependent on an audition. The university also offers ministerial scholarships of $2,000 to students with a major and minor in the College of Theology and Christian Ministries who are members of the Church of the Nazarene.
The university provides scholarships for international students related to language proficiency tests like Duolingo English Test, TOEFL, and IELTS. The Idaho Latino Scholarship is an annual scholarship for Idaho students of Hispanic/Latino descent. The Lightfoot Foundation provides scholarships to students from the Treasure Valley, and the Miller Law Group offers scholarships to students who are children of divorce or from single-parent households.
NNU also offers the Christian Education Partner Scholarship to students who attended a mission partner Christian high school and earned a cumulative GPA of 3.0 or higher. Students living on campus are awarded an NNU annual scholarship of $4,000 for up to four years, while students living off-campus are eligible for a $2,000 annual scholarship.
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Grants
To receive financial aid from Northwest Nazarene University (NNU), students must first apply for admission to the university. The NNU Office of Financial Aid will then review the student's application, GPA, test scores, and FAFSA to determine aid eligibility.
NNU offers grants and scholarships to eligible students. Grants are financial awards given by governments, organizations, institutions, or individuals. The university has an unlimited number of Yellow Ribbon Scholarships available for veterans. The first-year student ministerial scholarship is $2,000, and music scholarships are also available for both majors and non-majors. Additionally, NNU offers state-funded scholarships for Idaho residents.
The United States Government, through the Department of Education, has made funds available for two federal grant programs: the Federal Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG). The award amount for the Federal Pell Grant is determined annually by the federal government, and eligibility is determined by completing the Free Application for Federal Student Aid (FAFSA). FSEOG awards are allocated to students with the lowest Expected Family Contribution (EFC) who also qualify for a Federal Pell Grant.
The average need-based grant awarded to first-year students at NNU was $19,736, and 81% of first-year students received need-based financial aid in fall 2022. To be eligible for federal aid funds, students must meet specific requirements, including being admitted to NNU as a degree-seeking student, being a U.S. citizen or eligible non-citizen, and maintaining satisfactory academic progress.
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Eligibility requirements
To be eligible for federal student aid at Northwest Nazarene University (NNU), you must meet the following requirements:
For All Students
- Submit the Free Application for Federal Student Aid (FAFSA) by February 15th for the following fall's admission.
- Apply for admission to the university.
- Be admitted to NNU as a degree-seeking student.
- Be a U.S. citizen or an eligible non-citizen.
- Be enrolled for 6 or more credits for most federal programs. Audited courses, some repeated courses, and credit by examination credits cannot be counted.
- Demonstrate satisfactory academic progress toward a degree according to NNU policy.
- Have a valid social security number.
- Not be in default on any federal student loans, nor have borrowed in excess of loan limits, nor owe a refund on any grant under Title IV federal student aid programs.
For Graduate Students
After you have applied, been accepted, and completed your FAFSA, the NNU Office of Financial Aid will review your FAFSA to determine aid eligibility.
For Undergraduate Students
- Priority for aid awards is given to students who have submitted an NNU Application for Admission and the FAFSA by February 15th for the following fall's admission.
- Students must apply for NNU need-based aid and federal grants and loans by completing the FAFSA each year after October 1st for the following fall semester.
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Federal Pell Grant
Northwest Nazarene University (NNU) offers financial aid to students in the form of scholarships, grants, loans, and employment. The university was recognized as a Best Value School in the 2022-2023 academic year by U.S. News & World Report.
The United States Government, through the Department of Education, has made funds available for several federal grant programs, including the Federal Pell Grant. The Federal Pell Grant is a need-based grant, and eligibility is determined by completing the Free Application for Federal Student Aid (FAFSA). The FAFSA can be completed online at studentaid.gov/fafsa. Once submitted, a FAFSA Submission Summary is created, indicating the student's eligibility for the grant. The award amount for the Federal Pell Grant is determined annually by the federal government and is based on the Expected Family Contribution (EFC) on the FAFSA and the federal government's Pell amounts.
The Federal Pell Grant is a low-interest, fixed-rate federal loan borrowed directly from the federal government. A subsidized loan is one in which the government pays the interest while the student is in school, during a grace period, or in deferment.
To receive financial aid from NNU, students must first apply for admission to the university. After being accepted, the NNU Office of Financial Aid will review the student's application, GPA, test scores, and FAFSA to determine eligibility for financial aid. Students must maintain satisfactory academic progress toward a degree to continue receiving financial assistance.
NNU offers many opportunities for financial aid, and students are encouraged to apply and pursue all possible resources to help fund their education.
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Frequently asked questions
Yes, Northwest Nazarene University does offer federal student aid. The university encourages students to apply for financial aid and explore all possible resources, including scholarships, grants, loans, and employment.
The first step is to apply for admission to the university. Once you have been accepted, you will need to complete the Free Application for Federal Student Aid (FAFSA). The FAFSA will help determine your eligibility for federal grants and loans by evaluating your family's financial ability to pay for college.
In addition to federal student aid, Northwest Nazarene University offers institutional aid, which comes directly from the school. The university also provides scholarships, grants, and work-study programs to those who qualify.
