$5,046

Avg. Federal Grant

$6,300

Avg. Federal Loan

$6,765,341

Total Aid Awarded

Oakland City University (OCU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

36%

Total Aid Amount Average Total Aid Awarded per year.

$6.765M

Financial Aid Official Website

www.oak.edu/admissions-and-aid/tuition-and-financial-aid

Among them are scholarship programs such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Art Scholarship, and Birds Eye Foods (Brooks Foods) Scholarship. As many as 99% of the students at OCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,825,797 in a year. One can visit OCU's financial aid page at http://www.oak.edu/admissions-and-aid/tuition-and-financial-aid for more information. Notably, a total of 55% of the applicants to Oakland City University receive the Federal Grant every year. In comparison, 99% of the students are awarded the Student Grant, 97% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,583, and the same stands at $7,669 for State Grant awardees and $18,976 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,139. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $21,647 in a year. The average aid amount stands at $19,298 for an annual family income between $30,001 and $48,000. This amount comes to $18,701 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $17,309 for those with an annual family income between $75,001 and $110,000, and at $14,992 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Oakland City University, the percentage of candidates who opt to avail of student loans is around 62%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

40%

Institution Grant Aid

100%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$5,046

State Grant Aid

$7,523

Institution Grant Aid

$15,414

Pell Grant

$4,354

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,201

$30,001 - $48,000

$22,058

$48,001 - $75,000

$23,394

$75,001 - $110,000

$19,512

Over $110,000

$18,116

Student Loans for Oakland City University (OCU)

Average Loan Amount Average Loan Amount received per year.

$6,728/Year

Students Taking Out Loans

63%

Loan Default Rate

8.8%

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