$4,879

Avg. Federal Grant

$5,685

Avg. Federal Loan

$86,751,760

Total Aid Awarded

Old Dominion University (ODU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

59%

Total Aid Amount Average Total Aid Awarded per year.

$86.752M

Financial Aid Official Website

www.odu.edu/finaidoffice

Old Dominion University(ODU), Norfolk, Virginia, provides financial assistance on the basis of the family’s ability to contribute. Last year, the university awarded over $86,751,760 in financial aid through scholarships, grants, loans, and work-study assistance. About 59% of students receive grants per year. These monetary benefits enable students to pay for their education without even having to repay back if it is in the form of scholarships and grants. Also, remember that you have a work-study program where a student will be involved in part-time work to pay for his tuition.

Planning on how to pay for college can be challenging. We’re here to help guide you through the financial aid process and provide assistance with your student account. Don’t stress about student finances, you’ll have enough to do, like hanging out with friends and studying for your classes.

Scholarships

ODU provides different types of scholarships like scholarships for new students, for undergraduates, university scholarships, college scholarships, and outside agency scholarships. So that the students can take scholarships according to the eligibility and criteria.

The University provides scholarships on the basis of student’s academic achievements, proven leadership, and participation in extracurricular activities- both in their schools and their communities. ODU’s merit-based scholarships are offered through the following programs:

  • Lesley Merit Scholarship is awarded to the students based on the strength of their academic record

  • President’s Scholarship is offered to the fresher students of the university.

  • Dean’s Graduate Scholarship awarded to graduate students who have achieved academic achievements.

  • Faculty Scholarship, awarded to those who scored excellent high school grades.

  • University Scholarship awarded based on a combination of ACT/SAT scores.

Grants

Grants are gift assistance which is awarded on the basis of financial aid. Various grants awarded to the students at the university are as follows:

Federal Grants

  • Federal Pell Grant, awarded only to those students who have not earned a bachelor’s degree.

  • Federal Supplemental Educational Opportunity Grant(SEOG), this grant is awarded to those students who have less financial need.

State Grants

  • The Harvey L. Lindsay Jr. Real Estate Scholarship is awarded to the students who are residents of Virginia.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

42%

Institution Grant Aid

77%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,879

State Grant Aid

$4,720

Institution Grant Aid

$3,825

Pell Grant

$4,724

A federal grant is also an option for you if you meet the eligibility criteria, 45% of candidates cover up their expenses and the average of it is $4,879. The Pell grants average amount is $4,724 and serves 45% candidates.

In addition to these, the state grants also cover up the expenses of 42% of pupils and the average of it is  $4,720. You might depend upon the institutional scholarships and grants as almost 77% of all students get hold of them and the average of them is $3,825.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,662

$30,001 - $48,000

$10,689

$48,001 - $75,000

$7,412

$75,001 - $110,000

$4,367

Over $110,000

$2,622

A student having an annual family income of less than $30,000 might face an aid amount of $12,662 as the net aid price. You will find this amount to be lowered up to $10,689 in case of an income between the range of $30,001-$48,000.

The aid price decreases gradually as we talk about higher income brackets. For example, a family income ranging from $48,001-$75,000 might make your net price look $7,412 and for a range of $75,001-$110,000, your net aid price will amount to $4,367.

Student Loans for Old Dominion University (ODU)

Average Loan Amount Average Loan Amount received per year.

$7,262/Year

Students Taking Out Loans

65%

Loan Default Rate

6.9%

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