$4,944

Avg. Federal Grant

$5,646

Avg. Federal Loan

$11,650,995

Total Aid Awarded

Oklahoma State University Institute of Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$11.651M

Financial Aid Official Website

www.osuit.edu/admissions/financial_services/

It is interesting to note that, every year, around 98% of students at OSUIT receive some kind of financial aid, while the total amount of assistance/loans provided is $6,526,190. More information regarding the financial assistance schemes can be accessed on OSUIT’s official financial aid page at http://www.osuit.edu/admissions/financial_services/. At OSUIT, the total percentage of applicants who receive the Federal Grant stands at 57%. Meanwhile, 97% of the applicants receive the Student Grant and 92% are awarded the Institution Grant, while 57% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,783, the State Grant receivers and Institution Grant beneficiaries get $3,429 and $1,522, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,104. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 53% of the applicants to Oklahoma State University Institute of Technology opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

25%

Institution Grant Aid

86%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,944

State Grant Aid

$3,638

Institution Grant Aid

$1,419

Pell Grant

$4,704

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,154

$30,001 - $48,000

$7,268

$48,001 - $75,000

$3,344

$75,001 - $110,000

$1,775

Over $110,000

$1,205

Student Loans for Oklahoma State University Institute of Technology

Average Loan Amount Average Loan Amount received per year.

$6,067/Year

Students Taking Out Loans

59%

Loan Default Rate

17%

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