MNU Providing New Program to Help Repay Student Loans
| by Carol Best email@example.com
MNU is providing a safety net to assist with repaying a student loan, after graduation from MNU, if the graduate’s income is below $43,000. It is the first university in Kansas or Missouri to provide this program to all new freshmen and eligible transfer students in fall 2019.
Pay attention to the news and you’ll understand that student loan debt is a growing problem in the U.S. Now, area high school seniors and parents are not alone in their concern because MidAmerica Nazarene University officials are determined to help. This fall, MNU announced Pioneer Pledge, a program designed to help repay student loans.
Beginning with freshmen and eligible transfer students enrolling in fall 2019, this safety net will assist with repaying a student loan, after graduation from MNU, if the graduate’s income is below $43,000. The lower the graduate’s income, the higher the percentage of repayment, up to 100%, until their income increases. MNU is the first university in Kansas and Missouri to provide this program for all new students.
“We are making this pledge because we believe that strongly in the transformative education at MNU,” says Dr. David Spittal, MNU President. “We want our students to feel confident in pursuing their passions after graduation, such as public service, ministry or other pursuits, instead of having to make career choices based solely on long-term debt.
Students say Pioneer Pledge has already helped them have confidence about repaying their student loans.
“This program makes me feel reassured that I won't have loads of debt in the future," says freshman MaLeea Halbert.
“We’re serious about providing peace of mind about the cost of an education at MNU, says Dr. Mary Jones, provost. “This lets graduates consider internships and other positions that can enhance their long-term career options, even if they earn less initially."
More about MNU’s Pioneer Pledge and financial aid is available at www.mnu.edu.