by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Interested in understanding the financial aid resources available at PLNU and your eligibility? Find the answers you seek below.
$18,432.00 is the typical Point Loma Nazarene University’s first year financial aid package. About 94% of first year students receive financial aid, most of which is in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Point Loma Nazarene University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers pertain to assistance that is supplied by Point Loma Nazarene University.
91% of incoming freshmen (559 total) were given scholarships at Point Loma Nazarene University, averaging $15,586.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 24% of first-year students (148 total) got a federal grant, for about $4,694.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 6.22% | $28,441.00 |
| Income 30k-48k | 5.73% | $25,012.00 |
| Income 48k-75k | 6.71% | $25,691.00 |
| Income 75k-110k | 12.60% | $19,617.00 |
| Income 110k + | 32.73% | $13,745.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
559 PLNU undergrads obtain grant aid (this is about 94% of the entire undergraduate student population). The average amount these students receive is $18,432.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.