$4,462

Avg. Federal Grant

$5,920

Avg. Federal Loan

$1,200,960

Total Aid Awarded

Ohio Business College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$1.201M

Financial Aid Official Website

www.ohiobusinesscollege.edu/financial-aid/

As many as 92% of the students at OBCS get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,032,092 in a year. Notably, a total of 85% of the applicants to Ohio Business College-Sandusky receive the Federal Grant every year. Meanwhile, 85% of the applicants receive the Student Grant, while 85% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,270. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Ohio Business College-Sandusky, the percentage of candidates who opt to avail of student loans is around 92%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

94%

State Grant Aid

68%

Institution Grant Aid

N/A

Pell Grant

87%

Average Aid Awarded

Federal Grant Aid

$4,462

State Grant Aid

$6,127

Institution Grant Aid

N/A

Pell Grant

$4,681

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,473

$30,001 - $48,000

$10,406

$48,001 - $75,000

$1,558

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Ohio Business College

Average Loan Amount Average Loan Amount received per year.

$6,450/Year

Students Taking Out Loans

71%

Loan Default Rate

N/A

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