Cost of Attendance
Oakwood University is known for offering a wide range of undergraduate and postgraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at OU is quite moderate. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Oakwood University comes to around $19,990, which includes tuition and other expenses as well. The housing costs $9,374, books and supplies cost $1,500, while the other expenses add up to $6,900.
As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. What's more, at Oakwood University, the total tuition and fees for the enrolled students come out to be around $19,990 in a year. Apart from that, they should also pay an average amount of $1,500 toward books and supplies, $9,374 for room and boarding charges, and $6,900 toward other expenses in a year. Hence, based on this information, the overall cost of attending the university adds up to around $37,764 per year.
Avg. Net Price
$0 to $30,000
$30,001 to $48,000
$48,001 to $75,000
$75,001 to $110,000
The net cost of attending Oakwood University – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $23,398 at OU. The net price for students with an annual family income below $30,000 is reported to be around $23,726. For the individuals who come under the $30,001-$48,000 income category, the net cost is $21,356. On the other hand, an estimated net cost of $25,238 is charged for the $48,001-$75,000 income bracket, $25,350 for the $75,001-$110,000 income category, and $26,490 for an annual family income more than $110,000.
Stafford Loan Interest
Time to Pay off Student Loan
Example monthly payment
Total interest paid
Sum of Loan Payments
To have a realistic understanding of how much it will cost to study at Oakwood University
here is an example one can consider to estimate the payment amounts one will incur with a student loan.
Take a loan of $101,556
for example. This will result in a
payment to be made each year.
We can assume that the interest rate is
post any refinancing or consolidation activities with a
Then the total payment made towards the loan is
in addition to the principal amount, which constitutes the interest
payment made throughout the life of the loan.
At Oakwood University, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $19,990 in a year. Alongside that, they will likewise need to shell out around $9,374 toward their room and boarding charges. In this way, for one year, the total cost for undergraduate students comes to around $37,764.
As for the students looking to enroll in postgraduate programs at OU, the tuition and fees they are charged add up to $14,516 per year. Of this amount, $13,680 accounts for the graduate tuition and the remaining $836 for the graduation fees.
The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend OU. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $241 and for undergraduate courses, it stands at $153. Oakwood University also offers a wide range of online programs across 61 different majors for students at present.
Now, coming to the lodging and related expenses at OU, the actual amount to be paid remains the same irrespective of whether the candidate opts to live on-campus or off-campus. The housing facilities will cost students around $16,274 per year. Besides, the room and boarding charges for the students come to around $9,374 per year. Coming to the books and supplies charges, the students will be required to pay an amount of $1,500. Furthermore, the other expenses that the students should plan for come to around $6,900.
Housing & Other Expenses
Room & Boards
Book & Supplies
Oakwood University offers 1 online programs
As per official data, the current projected cost for a four-year bachelor's degree, along with the living expenses, at the university is estimated to be around $191,426. In contrast, the total expenses for undergraduate students amounted to $23,398 in 2018-2019, $25,938 in 2017-2018, and $26,553 in 2016-2017.
Bachelors of Non-Profit/Public/Organizational Management
Total Cost : $ 19732