$18,726

Tuition

$38,762

Cost of Attendance

$25,938

Net Price

Oakwood University Tuition and Fees

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.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$19,732$19,732
Book & Supplies$1,440$1,440
Room & Board cost$9,700$9,700
Other Expenses$7,890$7,890
Total Cost of Attendance$38,762$38,762

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.

Average Net Price by Family Income

Net Price

$25,938

Family Income

Avg. Net Price

$0 to $30,000

$25,548

$30,001 to $48,000

$24,898

$48,001 to $75,000

$25,896

$75,001 to $110,000

$28,505

$110,000+

$27,035

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.

Student Loans

Example Loans

$101,556

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,054

Total interest paid

$24,916

Sum of Loan Payments

$126,472

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 $12,647 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $126,472 which is $24,916 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$19,732$19,732
Room & Board Cost$9,700$9,700
Total Tuition & Fees$29,432$29,432

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.

Graduate Tuition and Fees

In-stateOut-State
Tuition$13,536$13,536
Fees$828$828

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.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$567
Undergraduate2018 - 2019$759

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.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$9,700$9,600
Other Expense$7,890$6,450
Book & Supplies$1,440$1,440

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.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$9,700

Off Campus

$9,600

Housing & Other Expenses

Other Expenses

On Campus

$7,890

Off Campus

$6,450

Housing & Other Expenses

Book & Supplies

On Campus

$1,440

Off Campus

$1,440

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.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Bachelors $19,732 NA

Oakwood University offers 1 online programs across 1 Majors.

Projected Price for a 4 year degree

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.

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