$4,475

Avg. Federal Grant

$7,618

Avg. Federal Loan

$1,643,065

Total Aid Awarded

Central Oklahoma College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$1.643M

Financial Aid Official Website

centraloc.edu/admission/financial-aid/

It is interesting to note that, every year, around 96% of students at COC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,111,057. At COC, the total percentage of applicants who receive the Federal Grant stands at 89%. In comparison, 89% of the students are awarded the Student Grant, 11% get the Institution Grant, and 89% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,362. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At COC, an estimated number of 85% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

100%

State Grant Aid

N/A

Institution Grant Aid

14%

Pell Grant

100%

Average Aid Awarded

Federal Grant Aid

$4,475

State Grant Aid

N/A

Institution Grant Aid

$1,000

Pell Grant

$4,475

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$1,974

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Central Oklahoma College

Average Loan Amount Average Loan Amount received per year.

$7,618/Year

Students Taking Out Loans

100%

Loan Default Rate

8%

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