Federal Student Aid At Northwest Nazarene University: What's Offered?

Northwest Nazarene University offers federal student aid to eligible students in the form of scholarships, grants, and loans. The university aims to assist students in pursuing a comprehensive Christian education by providing financial assistance. The awarding of federal student aid is based on recognizing achievements, assisting students in acquiring a college education, and recruiting and retaining students. The university offers a range of federal grant programs, including the Federal Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG). Additionally, the university provides federal direct subsidized and unsubsidized loans with low-interest rates. The application process for federal student aid involves submitting the Free Application for Federal Student Aid (FAFSA) and meeting certain requirements, such as academic progress and citizenship status.

Federal Pell Grant

Northwest Nazarene University (NNU) offers federal student aid in the form of grants, scholarships, and loans. The university is committed to providing financial aid to students from all economic backgrounds. In fact, in 2023, 100% of students received financial aid, with 33% of graduates completing their degree with no debt.

The Federal Pell Grant is a need-based grant awarded to undergraduate students who have not yet earned a bachelor's, graduate, or professional degree. The grant amount is determined annually by the US federal government and is based on the student's Expected Family Contribution (EFC) as indicated on the Free Application for Federal Student Aid (FAFSA). The FAFSA must be submitted by February 1st for a student to be considered for the grant.

The Pell Grant is available to students with exceptional financial need, as determined by the FAFSA. The grant amount is also influenced by the student's enrollment status, cost of attendance, and plans to attend school. The grant does not need to be repaid and can be used to cover tuition fees, textbooks, accommodation expenses, and other educational costs.

Students can apply for the Federal Pell Grant by completing the FAFSA online at studentaid.gov/fafsa. Once submitted, a Student Aid Report (SAR) or FAFSA Submission Summary is generated, indicating the student's eligibility for the grant. The FAFSA uses tax information from two years prior to the application year. For example, tax information for 2022 is used on the 2024-2025 FAFSA.

The FAFSA should be filed as early as possible after October 1st of each year for the following school year. Students must also meet certain requirements to be eligible for federal aid funds, including being admitted to NNU as a degree-seeking student, being a US citizen or eligible non-citizen, maintaining satisfactory academic progress, and not being in default on any federal student loans.

Federal Supplemental Educational Opportunity Grant (FSEOG)

Northwest Nazarene University (NNU) offers financial aid to students in the form of scholarships, grants, state and federal funds (Title IV aid), and federal student loans. The university is committed to providing financial assistance to students from all economic backgrounds.

The Federal Supplemental Educational Opportunity Grant (FSEOG) is a type of federal grant awarded to college undergraduate students with financial needs. It is a need-based grant that does not need to be repaid. The grant amount can range from $100 to $4,000 per year, depending on the severity of the student's financial situation.

To be eligible for the FSEOG, students must meet specific requirements:

• Citizenship: The student must be a U.S. citizen or an eligible non-citizen.
• Enrollment Status: Students must be enrolled for at least 6 credits and maintain satisfactory academic progress toward their degree.
• Financial Need: Applicants must demonstrate a significant financial need for funding their college education.
• FAFSA Completion: Students must complete and submit the Free Application for Federal Student Aid (FAFSA) to determine their eligibility for financial aid. The FAFSA should be filed as early as possible after October 1st of each year, using tax information from two years prior.

The FSEOG application process is straightforward and can be done online. However, it is essential to note that the grant funding is limited, and awards are made on a first-come, first-served basis. Therefore, students should apply as early as possible to increase their chances of receiving the grant.

The FSEOG is a valuable resource for students struggling to finance their college education. It helps bridge the gap between the cost of attendance and the student's financial resources. By providing this grant, the federal government assists low-income students in pursuing their academic goals and completing their undergraduate studies.

Federal Direct Subsidized Loan

Northwest Nazarene University (NNU) offers federal student aid in the form of scholarships, grants, and loans. The university is committed to providing financial aid to eligible students to assist them in pursuing a comprehensive Christian education. The awarding of financial aid serves several purposes, including recognising achievements, assisting students in acquiring a college education, and recruiting and retaining students.

Eligibility

To be eligible for a Federal Direct Subsidized Loan, students must complete the Free Application for Federal Student Aid (FAFSA) and demonstrate financial need. Additionally, first-time borrowers must complete a Master Promissory Note (MPN) and Entrance Counselling to better understand their repayment options and obligations.

Interest

One of the key benefits of Federal Direct Subsidized Loans is that the government pays the interest on the loan while the student is in school and enrolled at least half-time, during the grace period, or during authorised periods of deferment. This means that students can focus on their studies without accumulating interest charges on their loan.

Repayment

Repayment of the Federal Direct Subsidized Loan begins six months after graduation or after the student drops below half-time enrolment. Students are required to make payments on both the principal amount and the interest. However, if a student chooses to pay the interest while in school, they can avoid capitalisation of interest, which occurs when interest is added to the principal loan amount.

Loan Amounts

The loan amounts for Federal Direct Subsidized Loans vary based on the student's academic level. Freshmen can borrow up to $5,500, with up to $3,500 being subsidised. Sophomores can borrow up to $6,500, with up to $4,500 being subsidised. Juniors and seniors can borrow up to $7,500, with a maximum of $5,500 in subsidised loans.

Cost of Attendance

It is important to note that the total cost of attendance at NNU is $52,864 per year, including tuition, fees, meals, and housing. However, scholarships and grants can significantly reduce this cost for most students. The average cost after financial aid is $27,000 per year, and student loans can further reduce this amount.

Federal Direct Unsubsidized Loan

Northwest Nazarene University (NNU) offers federal student aid in the form of scholarships, grants, state and federal funds (Title IV aid) to eligible students. The university also provides financial aid in the form of loans, which can be either need-based or non-need-based.

The Federal Direct Unsubsidized Loan is a type of federal student loan that is available to students who do not qualify for the Federal Direct Subsidized Loan or who only qualify for a partial amount of the subsidised loan. This loan is not need-based, meaning that students are not required to demonstrate financial need to be eligible. The Federal Direct Unsubsidized Loan is a low-interest, fixed-rate loan borrowed directly from the federal government.

To be considered for a Federal Direct Unsubsidized Loan, students must complete the Free Application for Federal Student Aid (FAFSA) and the required Entrance Counselling. First-time borrowers must also complete a Master Promissory Note (MPN), which outlines the borrower's responsibilities and rights, as well as the terms and conditions of the loan.

Repayment of the principal and interest on the Federal Direct Unsubsidized Loan begins six months after the student graduates, leaves school, or drops below half-time enrolment. However, interest on the loan begins to accrue from the date of disbursement and continues throughout the life of the loan. Borrowers are responsible for paying the interest during all periods, regardless of enrolment or loan status. While interest payments can be deferred while the student is in school and during the grace period, it will continue to accrue and will be added to the principal balance of the loan.

The annual limit for graduate students taking out a Federal Direct Unsubsidized Loan is $20,500. To renew the loan, students must re-apply for financial aid annually and maintain satisfactory academic progress.

Northwest Nazarene University's tuition fees

Northwest Nazarene University (NNU) offers scholarships, grants, state and federal funds (Title IV aid) to eligible students. The university's tuition fees are $40,794, which is below the national average cost of tuition of $47,999. The total cost, including food and housing, books and supplies, transportation and personal expenses, is $56,586. The net price for students receiving need-based aid is $37,262.

The cost of tuition and fees for first-time undergraduates is $40,794, with an additional $12,070 for meals and housing. The cost of tuition and fees includes the Student Government Association, registration, athletic facilities, health and safety, and technology. The cost of meals and housing includes a meal plan and a shared room; a single room costs an additional $1,525 per semester.

NNU offers a range of meal plans, from Nighthawks Meal Plan A to D, with the number of meal swipes and flex money varying for each plan. The cost of a shared dorm room is included in the housing cost, while a private room costs an additional $1,525 per semester. Senior citizens aged 60 or older can enrol in classes for non-credit at no charge on a space-available basis, although course fees may apply. Classes taken for credit cost $150 per semester credit, plus any applicable course fees.

NNU also charges various fees, including a graduation application fee, a commencement fee, a late graduation application fee, a late payment fee, a late registration fee, and a withdrawal fee. Course fees can range from $50 to $564 per course, depending on the major. There are also fees for audit (non-credit) courses, senior citizens, and part-time students.

The university provides a Net Price Calculator to help students estimate their financial aid options and the cost of attendance. NNU is committed to keeping quality education accessible for students from all economic backgrounds and offers scholarships and grants to achieve this.

Frequently asked questions