Undergraduate Financial Aid

Federal Aid

Federal Financial Aid is funds that come from the United States government. This aid includes grants and loans as well as work study programs. Many of these programs are based on your family income.

Pell Grants are awarded to students who demonstrate high financial need.

  • A Federal Pell Grant, unlike a loan, does not have to be repaid.
  • The maximum Federal Pell Grant for the 2020-2021 award year (July 1, 2021 to June 30, 2022) is $6495.
  • The amount of your award depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less.

Awarded to students with high financial need with priority given to Pell recipients. MNU receives a limited amount of FSEOG funds each year from the U.S. Department of Education’s Office of Federal Student Aid. Once the full amount of the school’s FSEOG funds has been awarded to students, no more FSEOG awards can be made for that year. This system works differently from the Federal Pell Grant Program, which provides funds to every eligible student.

  • Annual SEOG awards range from $500 to $1000
  • MNU students must be enrolled at least 1/2 time to be eligible for SEOG.

Direct Loans are low-interest loans for students that help pay for the cost of your MNU education. The lender is the U.S. Department of Education. These loans are available to students who demonstrate need on the FAFSA. Students must be enrolled at least half-time to be eligible for this loan.

Interest is subsidized by the Department of Education while the student is enrolled on a half-time or greater basis. The maximum award amount awarded to a student varies as a function of financial need and federally mandated grade level. Repayment begins six months after student graduation or when a student falls below half-time status.

Subsidized Usage Limit Applies (SULA)

SULA limits a borrower’s eligibility for Direct Subsidized Loans to a period not to exceed 150 percent of the length of the borrower’s educational program. Students who have exceeded the 150 percent limit will lose the interest subsidy on their Direct Subsidized Loans. This limit applies to all first-time borrowers after July 1, 2013.  

For more information on Direct Loans, go to Federal Student Aid.

Unsubsidized loans are available to students regardless of financial need. A student must be enrolled at least half-time to be eligible. Interest accrues and is calculated only on paid disbursements. Eligible students who have completed the FAFSA for the appropriate academic year are automatically evaluated for the Unsubsidized Stafford Loan.

Direct unsubsidized loans for Professional and Graduate students have a limit of up to $20,500. 

If you are a dependent student whose parent was DENIED a Parent PLUS Loan (described below), you may be eligible for additional unsubsidized loan amounts.

For more information on Direct Loans, go to Federal Student Aid.

PLUS loans and Graduate PLUS loans are federal loans that parents of dependent undergraduate students and professional and graduate students, regardless of income, can use to help pay education expenses.

  • The U.S. Department of Education is the lender.
  • The borrower must have good credit history.
  • The maximum loan amount is the student’s cost of attendance, determined by the school, minus any other financial aid received.

Repayment is generally required once the loan is fully disbursed but parents may request in-school forbearance to delay the start of payments. To receive a PLUS loan, the student must be enrolled at half-time or greater and a FAFSA is required to be on file.

Part-time jobs for undergraduate students with financial need. A limited number of such jobs are available. These jobs allow you to earn money to help pay education expenses.

  • Provides part-time employment while you are enrolled in school.
  • Based upon financial need.
  • Your federal work study does not appear as a credit toward your college expenses on your financial aid letter since the amount must be earned while you are enrolled. You must elect to apply the funds earned toward your educational expenses.

At MNU you may work part-time on-campus or part-time as a tutor in the America Reads program. Students who receive the Federal Work Study award will receive that award in the form of a paycheck, which will be earned as their employment and timesheets are completed throughout the semester. In order to be considered for Federal Work Study, students must complete the FAFSA each year and have demonstrated financial need.

Requirements for Participation:

  • Complete an On-Campus Employment Application
  • Maintain at least half time enrollment status each semester
  • Maintain Satisfactory Academic Progress

Students may be required to go through an interview process in order to be hired for a position, and eligibility for the program does not guarantee that a student will be hired. 

Contact the Student Financial Aid Services Office to see if you qualify for the FWS program and for on-campus job possibilities.

We Offer Peace of Mind

Pioneer Pledge: Providing peace of mind about the cost of an MNU education 

At MidAmerica Nazarene University, we’re committed to working with you to ensure that the cost of your college education isn’t an obstacle to your future goals. That's where the Pioneer Pledge, our loan repayment assistance program, comes in. If your income after graduation from MNU is modest (under $45,000), Pioneer Pledge helps you repay your educational loans. Learn More.

Helpful Links FSA ID fafsa.ed.gov
Student Financial Aid Services
MidAmerica Nazarene University
Campus Center
2030 E. College Way
Olathe, KS 66062-1899
Office Hours

The MNU School Code is: 007032