$4,400

Avg. Federal Grant

$6,115

Avg. Federal Loan

$6,729,251

Total Aid Awarded

Ohio Valley University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$6.729M

Financial Aid Official Website

https://www.ovu.edu/financialaid

It is interesting to note that almost every student at OVU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,577,370. Notably, a total of 49% of the applicants to Ohio Valley University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 95% receive the Institution Grant, and 37% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $3,271, while the same comes to $3,958 for State Grant receivers and $11,613 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,381. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 53% of the applicants to Ohio Valley University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

16%

Institution Grant Aid

98%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,400

State Grant Aid

$2,979

Institution Grant Aid

$12,091

Pell Grant

$4,078

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,762

$30,001 - $48,000

$16,235

$48,001 - $75,000

$12,782

$75,001 - $110,000

$11,058

Over $110,000

$11,942

Student Loans for Ohio Valley University

Average Loan Amount Average Loan Amount received per year.

$7,149/Year

Students Taking Out Loans

82%

Loan Default Rate

8.3%