$5,745

Avg. Federal Grant

$3,591

Avg. Federal Loan

$25,876,419

Total Aid Awarded

Oklahoma City University (OKCU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$25.876M

Financial Aid Official Website

https://www.okcu.edu/financialaid/

Such schemes include Achievement Award, American Society of Landscape Architects Scholarship, Brunel D. Faris Art Exploration Scholarship, and Capitol Hill High School Scholarship. As many as 99% of the students at OCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,731,724 in a year. For additional information about financial assistance schemes, one can head over to OCU’s financial aid page at https://www.okcu.edu/financialaid/. At OCU, the total percentage of applicants who receive the Federal Grant stands at 23%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 23% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,974, while the same comes to $4,417 for State Grant receivers and $17,759 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,615. 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 $27,148 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $22,941, while those falling in the $48,001-$75,000 income category get $16,226 a year. On the other hand, the average federal aid stands at $15,568 for those with an annual family income between $75,001 and $110,000, and at $12,651 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 49% of the applicants to Oklahoma City University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

9%

Institution Grant Aid

98%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$5,745

State Grant Aid

$4,712

Institution Grant Aid

$16,513

Pell Grant

$5,174

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,961

$30,001 - $48,000

$24,672

$48,001 - $75,000

$17,564

$75,001 - $110,000

$16,899

Over $110,000

$13,545

Student Loans for Oklahoma City University (OKCU)

Average Loan Amount Average Loan Amount received per year.

$5,138/Year

Students Taking Out Loans

41%

Loan Default Rate

4%

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