$4,994

Avg. Federal Grant

$5,812

Avg. Federal Loan

$18,245,690

Total Aid Awarded

Ohio Dominican University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$18.246M

Financial Aid Official Website

www.ohiodominican.edu/finaid

Among them are scholarship programs such as Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, Educational Assistance Commitment Grant, and James R. Hunt Memorial Scholarship. It is interesting to note that almost every student at ODU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $5,634,906. One can visit ODU's financial aid page at http://www.ohiodominican.edu/finaid for more information. The total percentage of candidates applying to Ohio Dominican University who receive the Federal Grant is 51%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 51% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,970, and the same stands at $2,666 for State Grant awardees and $18,431 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,487. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $22,091 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,035, while those falling in the $48,001-$75,000 income category get $21,014 a year. On the other hand, the average federal aid stands at $20,072 for those with an annual family income between $75,001 and $110,000, and at $19,246 for an income more than $110,000. 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 Ohio Dominican University, the percentage of candidates who opt to avail of student loans is around 75%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

44%

Institution Grant Aid

98%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$4,994

State Grant Aid

$2,871

Institution Grant Aid

$18,663

Pell Grant

$4,672

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,258

$30,001 - $48,000

$24,336

$48,001 - $75,000

$24,067

$75,001 - $110,000

$20,244

Over $110,000

$18,540

Student Loans for Ohio Dominican University

Average Loan Amount Average Loan Amount received per year.

$6,856/Year

Students Taking Out Loans

78%

Loan Default Rate

6.1%

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