Adult and Graduate Studies Financial Aid
Financing your college education can be overwhelming, but if you are proactive and explore your financial aid opportunities fully, you may be able to reduce your cost. You can pay for your degree in many different ways, so taking the time to apply for financial assistance from as many sources as possible is worth the effort. MVNU financial aid counselors are available to assist you with your financial aid options.Getting started is a two step process:
- Fill out the MVNU application for admission. The financial aid process cannot begin until the admissions office has your application.
- Complete the Free Application for Federal Student Aid (FAFSA) on-line. AGS SCHOOL CODE E00782. Filling out the FAFSA form is an important step in the financial aid process. This is required for any financial aid to be awarded. Accuracy is important. Incorrect applications will slow down the process.
Grants - a form of financial aid that does not have to be repaid.
- Federal Pell Grant - a federally funded need-based grant for undergraduate students. Fill out the FAFSA to apply.
- Federal Supplemental Education Opportunity Grant - a federally funded need-based for undergraduate students. Fill out the FAFSA to apply.
- Teacher Education Assistance for College and Higher Education (TEACH) Grant Program - available to undergraduate and graduate students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. Fill out the FAFSA to apply.
- Ohio Instructional Grant - a need-based grant for qualifying residents of Ohio pursuing an undergraduate degree. Fill out the FAFSA to apply.
- Ohio College Opportunity Grant - a need-based grant for qualifying residents of Ohio who are pursuing an undergraduate degree. Fill out the FAFSA to apply.
- Ohio Student Choice Grant - a non-need based grant for Ohio residents enrolled full-time in an undergraduate degree program who were not enrolled full-time in college prior to July 2, 1984. Fill out an MVNU application to apply.
Loans - a form of financial aid that, along with interest charges, must be repaid.
- Federal Subsidized Stafford Loan - a need-based loan program that allows students to borrow money for the purpose of financing their education. The federal government pays the interest on this loan while the student is in school and during the six-month grace period after enrollment ends. Repayment begins following the six-month grace period.
- Federal Unsubsidized Stafford Loan - This is a non need-based loan program that allows students to borrow money for the purpose of financing their education. Students can be eligible for an unsubsidized loan even if they are not eligible for the Federal Subsidized Stafford Loan. Grace period and repayment are the same, but students are responsible for paying all of the interest that accrues while they are in school.
- Federal Perkins Loan - This is a low interest need-based loan program that allows students to borrow money for the purpose of financing their education. The federal government pays the interest on this loan while the student is in school and during the nine-month grace period after enrollment ends. Repayment begins following the nine-month grace period.
Scholarships - a form of financial aid that does not have to be repaid.
- Family Discount - A family discount is awarded when a student in any Adult and Graduate Studies program has an unmarried dependent enrolled as a full-time student in the traditional undergraduate program at Mount Vernon Nazarene University. The child will receive a 10% discount on tuition provided parent and child are both concurrently enrolled.
- Southwest Ohio District Scholarship (SWOD) - awarded to a full time AGS student who attends a Nazarene Church located in the Southwest Ohio District. Please indicate on the AGS admissions application in order to apply.
Employer Tuition Reimbursement - When you improve your mind and add to your skills, you become more valuable to your workplace. A growing number of companies believe that encouraging employees to further their education, through partial or full tuition reimbursement has a tremendous return on their investment.
Employers deliver tuition payment differently:
- Reimbursement made directly to employee
- payments made to the University
- a voucher payment system
The AGS Student Accounts office can provide documents required by your employer to qualify for tuition reimbursement. We will work with you and your employer to expedite payment, so you can concentrate on learning.
AGS Financial Aid Contact Information
Complete the FAFSA on-line - http://www.fafsa.ed.gov
Apply to electronically sign the FAFSA - http://www.pin.ed.gov
The US Department of Education - http://www.ed.gov
TEACH Grant - http://studentaid.ed.gov/PORTALSWebApp/students/ english/TEACH.jsp
Direct Lending Master Promissory Note - https://dlenote.ed.gov
Great Lakes Higher Education Corporation - http://www.mygreatlakes.org
General financial aid information - http://www.finaid.org
Free outside scholarship search - http://www.fastweb.com