by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
What financial aid options does SNU offer, and what will you qualify for? Keep scrolling for answers.
Southern Nazarene University average financial aid offer for freshmen students is $17,641.00. A significant 99% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Southern Nazarene University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers apply to scholarships and grants largely offered by the school itself.
99% of first-year students (281 total) were offered scholarships at Southern Nazarene University, averaging $14,465.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 42% of freshman students (119 total) obtained federal grant aid, averaging $4,990.00 a piece.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.61% | $21,588.00 |
| Income 30k-48k | 10.60% | $21,859.00 |
| Income 48k-75k | 10.25% | $18,266.00 |
| Income 75k-110k | 12.72% | $14,235.00 |
| Income 110k + | 7.07% | $11,694.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 283 undergraduate students at Southern Nazarene University around 99% (281 total) receive some form of grant aid. The typical amount awarded was $17,641.00.
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.