$4,803

Avg. Federal Grant

$4,421

Avg. Federal Loan

$7,986,536

Total Aid Awarded

Oakton Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

25%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

23%

Institution Grant Aid

18%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,803

State Grant Aid

$1,266

Institution Grant Aid

$1,432

Pell Grant

$4,708

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,539

$30,001 - $48,000

$4,259

$48,001 - $75,000

$2,624

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Oakton Community College

Average Loan Amount Average Loan Amount received per year.

$4,421/Year

Students Taking Out Loans

1%

Loan Default Rate

5.9%

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