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.
Maybe you expect to complete an internship after graduation. Or you want to enter a field that limits your early career earnings. Pioneer Pledge lets MNU students follow their passion, with peace of mind.
How it Works
It's a Safety Net
A recent Forbes magazine article asserted, “If you, or the child you love, might choose a career that would make repayment so burdensome that it would curtail other early adulthood opportunities… you would be well-served to seek a college with a Loan Repayment Assistance Program (LRAP).”
Initially created to provide financial security after graduation to students interested in using their degrees in public service and other lower paying positions, Pioneer Pledge helps MidAmerica Nazarene University graduates in all fields, should their income be less than expected (under $43,000) affecting their ability to repay student loans.
Peace of Mind
Sometimes students pursuing certain career fields know they may earn less in the first few years after graduation. Some expect to complete internships. Others going into ministry or other service careers are concerned about repaying debt. Pioneer Pledge lets them follow their educational and career passion, with peace of mind. Upon graduation, the program works directly with eligible MNU graduates to help repay their loans, either until they reach a point of financial stability, or their loans are repaid entirely.
What is Covered?
The loan repayment assistance program covers:
- Federal loans
- State loans
- Private alternative loans
- Parent PLUS loans
Pioneer Pledge enables prospective students to attend their first-choice colleges without worry and provides a safety-net allowing them to pursue their desired career after graduation.
Who is Eligible?
- All MNU incoming traditional freshmen and eligible transfer students enrolled in the Pioneer Pledge program who have student loans
Enroll at mylrap.org/MNU
- Must graduate with a traditional undergraduate bachelor’s degree from MNU within 6 years
- After graduation:
- Must be employed an average of 30 hours/week and earn less than $45,000/year
- Must work in the U.S. and cannot be working for family