$5,533

Avg. Federal Grant

$3,645

Avg. Federal Loan

$24,141,937

Total Aid Awarded

Oakland Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

27%

Total Aid Amount Average Total Aid Awarded per year.

$24.142M

Financial Aid Official Website

https://oaklandcc.edu/FinAid

Among them are scholarship programs such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship. Notably, 45% of the students at Oakland Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,866,837. More information regarding the financial assistance schemes can be accessed on OCC’s official financial aid page at https://oaklandcc.edu/FinAid. At OCC, the total percentage of applicants who receive the Federal Grant stands at 29%. Meanwhile, 38% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 29% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,575, and the same stands at $2,313 for State Grant awardees and $2,027 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $6,093. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Oakland Community College, the percentage of candidates who opt to avail of student loans is around 15%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

6%

Institution Grant Aid

16%

Pell Grant

30%

Average Aid Awarded

Federal Grant Aid

$5,533

State Grant Aid

$2,177

Institution Grant Aid

$1,608

Pell Grant

$5,198

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants with federal grants having the highest percentage contribution of 30% with an average aid amount being $5,533.

Pell grants have a percentage of 30% with an average aid amount of $5,198 which is higher than the Institutional grant aid average of $1,608.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,465

$30,001 - $48,000

$5,058

$48,001 - $75,000

$2,236

$75,001 - $110,000

$268

Over $110,000

N/A

For those students who have a family income under $30,000 can expect to receive an aid amount of $6,465. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Oakland Community College

Average Loan Amount Average Loan Amount received per year.

$3,670/Year

Students Taking Out Loans

12%

Loan Default Rate

18.9%

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