Freshman Scholarships 2019-2020
These awards are for the 2019–2020 academic year.
|University Scholars Fellowship Competition||Full Tuition|
|Presidential Academic||Up to $3,000|
|Honors Program Scholarship||$1,000|
|Diversity Leadership Scholarship Program (DLSP)||Up to $4,000|
|Nazarene Pastor or Missionary Dependent**||$6,500|
|Pastor or Missionary Dependent||$2,500|
|Music Scholarships||Up to $2,500|
|Esther Buchwald Art Scholarship||Varies (portfolio required)|
**Nazarene Pastor or Missionary Dependent and Nazarene Challenge may not be combined.
University Fund Scholarship — Varies (need-based on FAFSA and remaining need)
Federal Pell Grant — up to $5,815 (need-based, determined by FAFSA)
Federal Supplemental Education Opportunity Grant - $500 (need-based, determined by FAFSA, limited funding)
Federal Work Study Eligibility — Unlike a federal Pell grant or scholarship, you won't get work study funds for free – you will have to work for them. Up to $1,800 (need-based by FAFSA; must secure job to receive)
Federal Direct Unsubsidized Loan — at least $2,000 (non-need-based, subject to a 1.068% Department of Education origination fee, interest accrues immediately at 4.29% rate, deferred until 6 months after graduation or not enrolled)
Federal Direct PLUS Loan — Varies (Loan in parent's name requires credit check. Awarded on difference between financial aid and direct costs. Subject to a 4.272% Department of Education origination fee, 10 year term, 6.84% interest rate)
Federal Direct Subsidized Loan — up to $3,500 (need-based, subject to a 1.068% Department of Education origination fee, interest accrues immediately at 4.29% rate, deferred until 6 months after graduation or not enrolled)
MVNU costs $6,000 less than the average private college.
small college out of nearly 1,000 schools in the nation. (Best Value Schools)