Mount Vernon Nazarene University

www.mvnu.edu/

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2020 Undergraduate Tuition

$22,400

6.43% growth from 2019

2020 Average Net Price

$22,280

After Financial Aid

2018 Student Loan

3.98%

Default Rate

2020 Acceptance Rate

72.5%

1,341 Applicants

2020 Enrolled Students

2,140

82.2% Full-Time

2020 Graduation Rate

62.4%

194 Graduates

About

Mount Vernon Nazarene University is a higher education institution located in Knox County, OH. In 2020, the most popular Bachelor's Degree concentrations at Mount Vernon Nazarene University were General Business Administration & Management (70 degrees awarded), Registered Nursing (41 degrees), and Social Work (38 degrees).

In 2020, 604 degrees were awarded across all undergraduate and graduate programs at Mount Vernon Nazarene University. 63.2% of these degrees were awarded to women, and 36.8% awarded men. The most common race/ethnicity group of degree recipients was white (502 degrees), 16.7 times more than then the next closest race/ethnicity group, black or african american (30 degrees).

The median undergraduate tuition at Mount Vernon Nazarene University is $22,400, which is $−130 less than the national average for Masters Colleges and Universities ($22,531).

Costs

The median undergraduate tuition at Mount Vernon Nazarene University is $22,400, which is $−130 less than the national average for Masters Colleges and Universities ($22,531).

After taking grants and loans into account, the average net price for students is $22,280.

In 2020, 89% of undergraduate students attending Mount Vernon Nazarene University received financial aid through grants. Comparatively, 63% of undergraduate students received financial aid through loans.

Tuition Costs

$22,400

2020 Undergraduate Tuition

In 2020, the cost of tuition at Mount Vernon Nazarene University was $22,400. The cost of tuition at Mount Vernon Nazarene University is $−130 less than than the overall (public and private) national average for Masters Colleges and Universities ($22,531).

This chart compares the tuition costs of Mount Vernon Nazarene University (in red) with those of other similar universities.

Average Net Price

$22,280

2020 Value

4.99%

1 Year Growth

In 2020 Mount Vernon Nazarene University had an average net price — the price paid after factoring in grants and loans — of $22,280. Between 2019 and 2020, the average net price of Mount Vernon Nazarene University grew by 4.99%.

This chart compares the average net price of Mount Vernon Nazarene University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$6,499

Room and Board

$1,400

Books and Supplies

The average yearly cost of room and board at Mount Vernon Nazarene University was of $6,499 in 2020. During the same period, the average yearly cost of books and supplies was $1,400. The cost of room and board increased by 5.5% between 2019 and 2020. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Mount Vernon Nazarene University (in red) with that of similar universities.

Financial Aid by Income Level

89%

Undergraduates Receiving Financial Aid through Grants

63%

Undergraduates Receiving Financial Aid through Loans

89% of undergraduate students at Mount Vernon Nazarene University received financial aid through grants or loans in 2020. This represents a growth of 1.14% with respect to 2019, when 88% of undergraduate students received financial aid.

This chart compares the average award discount at Mount Vernon Nazarene University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

3.98%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Mount Vernon Nazarene University was 3.98%, which represents 25 out of the 628 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Mount Vernon Nazarene University received 1,341 undergraduate applications in 2020, which represents a 2.76% annual growth. Out of those 1,341 applicants, 972 students were accepted for enrollment, representing a 72.5% acceptance rate.

There were 2,140 students enrolled at Mount Vernon Nazarene University in 2020, and 20% of first-time enrollees submitted SAT scores with their applications.

Mount Vernon Nazarene University has an overall enrollment yield of 35.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

72.5%

Acceptance Rate in 2020

972

Accepted Out of 1,341

In 2020, the undergraduate acceptance rate of Mount Vernon Nazarene University was 72.5% (972 admissions from 1,341 applications). This is lower than the acceptance rate of 2019, which was 73%. Between 2019 and 2020, the number of applicants grew by 2.76%, while admissions grew by 1.99%.

This chart compares the acceptance rate of Mount Vernon Nazarene University (in red) with that of other similar universities.

SAT Scores

20%

Submission Percentage

Scores Submitted

20% of enrolled first-time students at Mount Vernon Nazarene University in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Mount Vernon Nazarene University has a total enrollment of 2,140 students. The full-time enrollment at Mount Vernon Nazarene University is 1,759 students and the part-time enrollment is 381. This means that 82.2% of students enrolled at Mount Vernon Nazarene University are enrolled full-time.

The enrolled student population at Mount Vernon Nazarene University, both undergraduate and graduate, is 86.1% White, 3.74% Black or African American, 3.18% Two or More Races, 2.94% Hispanic or Latino, 0.794% Asian, 0.28% American Indian or Alaska Native, and 0.0935% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Mount Vernon Nazarene University in full-time Undergraduate programs are most commonly White Female (53.3%), followed by White Male (34.3%) and Hispanic or Latino Female (1.6%). Students enrolled in full-time Graduate programs are most commonly White Female (48.6%), followed by White Male (32.9%) and Black or African American Female (7.06%).

Full-Time vs Part-Time Enrollment

82.2%

Full-Time Enrollment

The total enrollment at Mount Vernon Nazarene University, both undergraduate and graduate, is 2,140 students. The full-time enrollment at Mount Vernon Nazarene University is 1,759 and the part-time enrollment is 381. This means that 82.2% of students enrolled at Mount Vernon Nazarene University are enrolled full-time compared with 68.8% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Mount Vernon Nazarene University (in red) compares to similar universities.

Retention Rate over Time

77%

2020 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Mount Vernon Nazarene University was 77%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), Mount Vernon Nazarene University had a retention rate higher than its peers.

This chart shows the retention rate over time at Mount Vernon Nazarene University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
1,843
Black or African American
80
Two or More Races
68

The enrolled student population at Mount Vernon Nazarene University is 86.1% White, 3.74% Black or African American, 3.18% Two or More Races, 2.94% Hispanic or Latino, 0.794% Asian, 0.28% American Indian or Alaska Native, and 0.0935% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 52.6% White, 16.6% Hispanic or Latino, and 13% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 47 students (2.2%) did not report their race.

Graduates

In 2020, 160 more women than men received degrees from Mount Vernon Nazarene University. The most common race/ethnicity group of degree recipients at Mount Vernon Nazarene University is white (502 degrees awarded). There were 16.7 times more white graduates than the next closest race/ethnicity group, black or african american (30 degrees).

The most common Bachelor's Degree concentration at Mount Vernon Nazarene University is General Business Administration & Management (70 degrees awarded), followed by Registered Nursing (41 degrees) and Social Work (38 degrees).

The most specialized majors across all degree types at Mount Vernon Nazarene University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Philosophy and Religious Studies (22 degrees awarded), Theology (21 degrees), and Public Administration and Social Service (41 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Mount Vernon Nazarene University are Elementary & middle school teachers (1,737,397 people), Secondary school teachers (397,162 people), Education administrators (269,996 people), Social workers, all other (165,053 people), and Special education teachers (158,134 people).

The most specialized majors at Mount Vernon Nazarene University are Philosophy and Religious Studies (22 degrees awarded), Theology (21 degrees), Public Administration and Social Service (41 degrees), Education (88 degrees), and History (7 degrees).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Mount Vernon Nazarene University are Surgeons, Clinical and counseling psychologists, Aerospace engineers, Computer hardware engineers, and Entertainers & performers, sports & related workers, all other

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Mount Vernon Nazarene University are Elementary & secondary schools (2,816,748 people), Colleges, universities & professional schools, including junior colleges (313,187 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (176,830 people), Religious organizations (174,725 people), and Individual & family services (148,952 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Mount Vernon Nazarene University.

Most Common

General Business Administration & Management
70 degree-majorss awarded
Registered Nursing
41 degree-majorss awarded
Social Work
38 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Mount Vernon Nazarene University was General Business Administration & Management with 70 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Mount Vernon Nazarene University according to their major.

Sex Breakdown for Common Majors

222

Degrees Awarded to Men

in 2020

382

Degrees Awarded to Women

in 2020

In 2020, 222 degrees were awarded to men at Mount Vernon Nazarene University, which is 0.581 times less than the number of degrees awarded to females (382).

This chart displays the sex disparity between the top 5 majors at Mount Vernon Nazarene University by degrees awarded.

Most Common Male Majors

In 2020, 70 degrees were awarded to men at Mount Vernon Nazarene University in General Business Administration & Management, which is 1.04 times more than the 67 female recipients with that same degree.

Most Common Female Majors

In 2020, 67 degrees were awarded to women at Mount Vernon Nazarene University in General Business Administration & Management, which is 0.957 times less than the 70 male recipients with that same degree.

Time to Complete

48%

100% Completion Time

58%

150% Completion Time

In 2020, 48% of students graduating from Mount Vernon Nazarene University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 58% completed their degrees within 150% of the normal time, and 59% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Mount Vernon Nazarene University is Male and Asian (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.4%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.06% of graduates (4 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
502 degrees awarded
Black or African American
30 degrees awarded
Unknown
22 degrees awarded

The most common race/ethnicity at Mount Vernon Nazarene University is white (502 degrees awarded). There were 16.7 times more white recipients than the next closest race/ethnicity group, black or african american (30 degrees).

3.64% of degree recipients (22 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Female
316 degrees awarded
White Male
186 degrees awarded
Black or African American Female
21 degrees awarded

The most common race/ethnicity and sex grouping at Mount Vernon Nazarene University is white female (316 degrees awarded). There were 1.7 times more white female recipients than the next closest race/ethnicity group, white male (186 degrees).

Operations

Mount Vernon Nazarene University has an endowment valued at nearly $23.2M, as of the end of the 2020 fiscal year. The return on its endowment was of $1.1M (4.74%), compared to the 3.19% average return ($1.26M on $39.6M) across all Masters Colleges and Universities.

In 2020, Mount Vernon Nazarene University had a total salary expenditure of $36.3M. Mount Vernon Nazarene University employs 25 Assistant professors, 21 Professors, and 10 Associate professors. Most academics at Mount Vernon Nazarene University are Male Professors (16), Female Assistant professors(16), and Male Assistant professors (9).

The most common positions for non-instructional staff at Mount Vernon Nazarene University are: Management, with 63 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 38 employees, and Office and Administrative Support with 36 employees.

Endowment

$23.2M

2020 Endowment

2.45%

growth from 2019

Mount Vernon Nazarene University has an endowment valued at about $23.2M, as of the end of the 2020 fiscal year. The endowment of Mount Vernon Nazarene University grew 2.45% from the previous year. The value of their endowment was $16.4M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Mount Vernon Nazarene University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$163k - Federal
$0 - State
$0 - Local

As of 2020, Mount Vernon Nazarene University received $163k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

Salary Expenditure

$13.9M

2020 Salaries

3.77%

decline from 2019

In 2020, Mount Vernon Nazarene University paid a median of $13.9M in salaries, which represents 38.4% of their overall expenditure ($36.3M) and a 3.77% decline from the previous year. This is compared to a 3.55% growth from 2018 and a 2.3% growth from 2017.

The median for similar Masters Colleges and Universities is 34.6M (40.9% of overall expenditures).

Instructional Salaries

$3.31M

Instructional Salaries

Number of Employees

In 2020, Mount Vernon Nazarene University paid a total of $3.31M to 58 employees working as instructors, which represents 23.8% of all salaries paid.

This is compared to a median of $11M (31.8%) for similar Masters Colleges and Universities.

Occupations by Share

Assistant professor

Most Common Instructor

25 Employees

Management

Most Common Non-Instructional Employee

63 Employees

In 2020, the most common positions for instructional staff at Mount Vernon Nazarene University were Assistant professor with 25 employees; Professor with 21 employees; and Professor with 10 employees.

In 2020, the most common positions for non-instructional staff at Mount Vernon Nazarene University were Management with 63 employees; Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 38 employees; and Office and Administrative Support with 36 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Professor
Female Assistant professor
Male Assistant professor

In 2020, the most common demographic for instructional staff at Mount Vernon Nazarene University was Male Professor with 16 employees, Female Assistant professor with 16 employees, and Male Assistant professor with 9 employees.

This chart shows the sex split between each academic rank present at Mount Vernon Nazarene University.