Oakton Community College Financial Aid and Scholarships
Students Receiving Aid
25%
Total Aid Amount
$7.987M
Financial Aid Official Website
www.oakton.edu/admission/costs_financial_aid/index.php
Notably, 53% of the students at Oakton Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $312,272. One can visit OCC's financial aid page at http://www.oakton.edu/admission/costs_financial_aid/index.php for more information. At OCC, the total percentage of applicants who receive the Federal Grant stands at 37%. In comparison, 52% of the students are awarded the Student Grant, 16% get the Institution Grant, and 37% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,091, and the same stands at $1,123 for State Grant awardees and $1,588 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,717. 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. 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. Candidates are also required to repay these loans within a given period. At OCC, an estimated number of 4% of the applicants choose to go for student loans.
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