Scholarships, Grants, and Loan Trends at Eastern Nazarene

14%

Received Percent Changed

$5,409

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 614, which is 91.89 % of all undergraduate students. 456 students which is 66.56% of undergraduate students received federal student loans and the average loan amount is $8,127.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 72% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Eastern Nazarene College since 2014.

For that period, the average number of students who received grants aid/scholarships is 614, which is 91.89 % of all undergraduate students. 456 students which is 66.56% of undergraduate students received federal student loans and the average loan amount is $8,127.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15901 (85%)$15,211530 (50%)$3,939641 (60%)$7,608
2015-16757 (87%)$18,990407 (47%)$4,076616 (71%)$8,910
2016-17642 (82%)$19,966334 (43%)$4,120528 (67%)$10,299
2017-18658 (95%)$19,268296 (43%)$4,223569 (82%)$8,831
2018-19592 (90%)$20,256287 (44%)$4,518468 (71%)$6,996
2019-20569 (94%)$20,928274 (45%)$4,543411 (68%)$6,877
2020-21529 (98%)$20,182228 (42%)$4,826347 (64%)$7,015
2021-22475 (97%)$19,924180 (37%)$4,508283 (58%)$6,803
2022-23405 (99%)$20,620143 (35%)$4,940239 (58%)$9,808
Average614 (91.89%)$19,483298 (42.89%)$4,410456 (66.56%)$8,127
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 129 (100.00 % of students) received grants or scholarships and its average amount is $21,184. It can cover 70.79% of tuition & fees ($29,924).

In addition, 94 (72.00 % of students) students get helped from the students loans (average amount : $8,283).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15168 (100%)$20,908131 (78%)$6,855
2015-16112 (100%)$21,74273 (65%)$7,469
2016-17166 (100%)$23,762118 (71%)$12,269
2017-18153 (100%)$23,801122 (80%)$13,650
2018-19140 (100%)$19,654108 (77%)$7,124
2019-20130 (100%)$19,248110 (85%)$5,981
2020-21123 (100%)$19,87081 (66%)$6,808
2021-2297 (100%)$20,90061 (63%)$7,210
2022-2372 (100%)$20,77445 (63%)$7,185
Average129 (100.00%)$21,18494 (72.00%)$8,283
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 63 (49.67 % of students) received Pell (federal) grants and its average amount is $4,404.

In addition, 31 students received State/local government grants/scholarships (24.78 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1594 (56%)$4,41061 (36%)$74053 (32%)$1,391168 (100%)$17,733
2015-1654 (48%)$4,62422 (20%)$1,03840 (36%)$2,071112 (100%)$18,569
2016-1772 (43%)$4,65733 (20%)$85623 (14%)$2,033166 (100%)$21,290
2017-1873 (48%)$4,38644 (29%)$80730 (20%)$1,789153 (100%)$21,126
2018-1975 (54%)$4,83541 (29%)$98433 (24%)$1,792140 (100%)$16,354
2019-2061 (47%)$4,45987 (67%)$1,53229 (22%)$1,738130 (100%)$15,743
2020-2152 (42%)$4,76274 (60%)$1,39930 (24%)$2,286123 (100%)$16,457
2021-2239 (40%)$4,48470 (72%)$2,62425 (26%)$2,85297 (100%)$16,469
2022-2350 (69%)$3,02028 (39%)$94618 (25%)$3,17872 (100%)$17,514
Average63 (49.67%)$4,40451 (41.33%)$1,21431 (24.78%)$2,126129 (100.00%)$17,917
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 94 (72.00 % of students) get any students loan help and its average loan amount is $94.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15131 (78%)$6,855130 (77%)$6,06115 (9%)$7,333
2015-1673 (65%)$7,46970 (63%)$5,87311 (10%)$12,196
2016-17118 (71%)$12,269117 (70%)$8,306106 (64%)$4,489
2017-18122 (80%)$13,650121 (79%)$5,908122 (80%)$7,790
2018-19108 (77%)$7,124108 (77%)$5,36120 (14%)$9,522
2019-20110 (85%)$5,981110 (85%)$4,42318 (14%)$9,525
2020-2181 (66%)$6,80881 (66%)$5,33511 (9%)$10,846
2021-2261 (63%)$7,21060 (62%)$5,27310 (10%)$12,345
2022-2345 (63%)$7,18544 (61%)$5,4268 (11%)$10,573
Average94 (72.00%)$8,28393 (71.11%)$5,77436 (24.56%)$9,402

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