Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

Oakwood University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


It is interesting to note that almost every student at OU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $8,399,614. One can visit OU's financial aid page at http://www2.oakwood.edu/financial-aid/ for more information. The total percentage of candidates applying to Oakwood University who receive the Federal Grant is 55%. Meanwhile, 100% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 55% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,385, the State Grant receivers and Institution Grant beneficiaries get $905 and $10,880, respectively. And, for the Pell Grant awardees, the average aid amount is $4,765. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $11,230 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $10,784 and $9,640, respectively. On the other hand, the average federal aid stands at $5,822 for those with an annual family income between $75,001 and $110,000, and at $9,874 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Oakwood University, the percentage of candidates who opt to avail of student loans is around 74%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for Oakwood University

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


Other Colleges In Alabama


Birmingham, Alabama 4 years Private Not-For-Profit

In 2004, the majority voted to drop state in its name and changed its name to Troy University so that it gives the unified sense of naming.

The university has dedicated

Troy, Alabama 4 years Public


Mobile, Alabama 4 years Public

Other Colleges In Huntsville


Huntsville, Alabama 4 years Public

Huntsville Bible College is a private, Interdenominational university located in Huntsville, Alabama. Huntsville Bible College was founded in the year 1986. In addition to over 111 undergraduate students, HBC also boasts of over 34 students in its postgraduate courses, taking the total enrollment

Huntsville, Alabama 4 years Private Not-For-Profit

There is a public university in Huntsville, Alabama called J. F. Drake State Community and Technical College. J. F. Drake State Community and Technical College covers an area of 32 acres. J. F. Drake State Community and Technical College was founded in the year 1961. J. F. Drake State Community a

Huntsville, Alabama 2 years Public

Other Private not-for-profit Colleges

  • Saint Leo University acceptance rate is 70% and the current population is 14,649. It educates students from 50 states, three US territories, and 80 countries.

Online Education at Saint Leo University

The university offers 61 online progr

Saint Leo, Florida 4 years Private Not-For-Profit

A private university by the name of Johns Hopkins University is located in Baltimore, MD. Johns Hopkins University was founded in the year 1876. The motto of the Johns Hopkins University is Veritas vos liberabit (Latin) and its official colors are hopkins blue, white, black, ;, sable and gold (acade

Baltimore, Maryland 4 years Private Not-For-Profit

Dallas, Texas 4 years Private Not-For-Profit