$3,662

Avg. Federal Grant

$5,619

Avg. Federal Loan

$36,064,871

Total Aid Awarded

Oklahoma Baptist University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$36.065M

Financial Aid Official Website

https://www.okbu.edu/finaid

Students can avail of scholarships provided by the university, such as American Society of Landscape Architects Scholarship, Capitol Hill High School Scholarship, Carnegie Dartlet $10,000 Scholarship, and Central High School Alumni Association Scholarship, if they find educational expenses to be on the higher side. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,685,590. More information regarding the financial assistance schemes can be accessed on OBU’s official financial aid page at https://www.okbu.edu/finaid. At OBU, the total percentage of applicants who receive the Federal Grant stands at 36%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 36% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,953, and the same stands at $4,574 for State Grant awardees and $15,533 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,516. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $24,353 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $23,321, while those falling in the $48,001-$75,000 income category get $22,027 a year. Those with an annual income level of $75,001-$110,000 would receive $20,534, while candidates with more than $110,000 of family income receive an average federal aid of $13,771. 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. At OBU, an estimated number of 55% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

23%

Institution Grant Aid

100%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$3,662

State Grant Aid

$4,591

Institution Grant Aid

$16,233

Pell Grant

$4,167

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,443

$30,001 - $48,000

$24,475

$48,001 - $75,000

$22,503

$75,001 - $110,000

$19,207

Over $110,000

$15,445

Student Loans for Oklahoma Baptist University

Average Loan Amount Average Loan Amount received per year.

$6,926/Year

Students Taking Out Loans

62%

Loan Default Rate

9.4%

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