$5,601

Avg. Federal Grant

$4,078

Avg. Federal Loan

$10,955,085

Total Aid Awarded

Odessa College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

40%

Total Aid Amount Average Total Aid Awarded per year.

$10.955M

Financial Aid Official Website

https://www.odessa.edu/future-students/Financial-Aid/index.html

It is interesting to note that, every year, around 73% of students at OC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,059,257. For additional information about financial assistance schemes, one can head over to OC’s financial aid page at https://www.odessa.edu/future-students/Financial-Aid/index.html. The total percentage of candidates applying to Odessa College who receive the Federal Grant is 48%. In comparison, 64% of the students are awarded the Student Grant, 26% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,894, and the same stands at $1,324 for State Grant awardees and $4,153 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,601. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 3% of the applicants to Odessa College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

12%

Institution Grant Aid

23%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$5,601

State Grant Aid

$1,525

Institution Grant Aid

$3,923

Pell Grant

$5,298

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,314

$30,001 - $48,000

$5,714

$48,001 - $75,000

$5,273

$75,001 - $110,000

$3,169

Over $110,000

$1,000

Student Loans for Odessa College

Average Loan Amount Average Loan Amount received per year.

$4,078/Year

Students Taking Out Loans

3%

Loan Default Rate

17.4%

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