$4,374

Avg. Federal Grant

$5,652

Avg. Federal Loan

$10,461,707

Total Aid Awarded

Oklahoma Wesleyan University (OKWU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$10.462M

Financial Aid Official Website

www.okwu.edu/financial-aid/

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. It is interesting to note that almost every student at OWU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,758,171. One can visit OWU's financial aid page at http://www.okwu.edu/financial-aid/ for more information. Notably, a total of 46% of the applicants to Oklahoma Wesleyan University receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 44% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,806, while the same comes to $4,639 for State Grant receivers and $12,235 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,378. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $13,595 per year. The average aid amount stands at $13,895 for an annual family income between $30,001 and $48,000. This amount comes to $11,453 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $8,709 for those with an annual family income between $75,001 and $110,000, and at $9,493 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Oklahoma Wesleyan University, the percentage of candidates who opt to avail of student loans is around 70%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

13%

Institution Grant Aid

100%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,374

State Grant Aid

$3,876

Institution Grant Aid

$10,179

Pell Grant

$3,830

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants , with institutional grants having the highest contribution of 100% with an average aid amount being $10,179.

Pell grants have a percentage of 46% with an average aid amount of $3830 which is almost equal to the State grant aid average of $3876.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,683

$30,001 - $48,000

$15,269

$48,001 - $75,000

$13,624

$75,001 - $110,000

$11,483

Over $110,000

$9,004

As shown in the table the students who have a family income under $30,000 can expect to receive an aid amount of $14,683 while those with family income over $110,000 can expect to receive an aid amount of $9,004. The students with the family income between $30k and $48k recieve the higest financial aid average of $15,269.

Student Loans for Oklahoma Wesleyan University (OKWU)

Average Loan Amount Average Loan Amount received per year.

$6,511/Year

Students Taking Out Loans

80%

Loan Default Rate

8.8%

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