$7,707

Avg. Federal Grant

$5,863

Avg. Federal Loan

$49,656,987

Total Aid Awarded

Occidental College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$49.657M

Financial Aid Official Website

https://www.oxy.edu/admission-aid/financial-aid

Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. It is interesting to note that, every year, around 75% of students at OC receive some kind of financial aid, while the total amount of assistance/loans provided is $5,053,790. One can visit OC's financial aid page at https://www.oxy.edu/admission-aid/financial-aid for more information. The total percentage of candidates applying to Occidental College who receive the Federal Grant is 20%. In comparison, 72% of the students are awarded the Student Grant, 72% get the Institution Grant, and 20% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,787, and the same stands at $9,084 for State Grant awardees and $35,529 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,697. 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 $54,869 on average in a year. The average aid amount stands at $53,883 for an annual family income between $30,001 and $48,000. This amount comes to $49,533 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $39,858. And, for those with a family income of more than $110,000, the amount stands at $27,072. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At OC, an estimated number of 48% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

10%

Institution Grant Aid

73%

Pell Grant

16%

Average Aid Awarded

Federal Grant Aid

$7,707

State Grant Aid

$9,084

Institution Grant Aid

$31,591

Pell Grant

$4,607

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$58,179

$30,001 - $48,000

$52,856

$48,001 - $75,000

$50,205

$75,001 - $110,000

$43,204

Over $110,000

$25,573

Student Loans for Occidental College

Average Loan Amount Average Loan Amount received per year.

$8,173/Year

Students Taking Out Loans

48%

Loan Default Rate

1.6%

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