$5,294

Avg. Federal Grant

$10,050

Avg. Federal Loan

$47,079,305

Total Aid Awarded

Oral Roberts University (ORU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$47.079M

Financial Aid Official Website

oru.edu/financial_assistance/

There are many ways to pay for college. Federal aid, loans, grants, scholarships, and student jobs can make college more economical and accessible to students. The office of Oral Roberts University works tirelessly to facilitate the students with all kinds of financial assistance.

The total financial aid provided is $47,079,305, with 86% of the total students receiving some kind of aid from them.

Grants

Institutional Grants

Legacy Awards: A grant of $1,250 will be awarded to you if either or both of your parents are alumni of this university.

Federal Grants

  • Pell Grants: This grant will be awarded to you if you are an undergraduate and your need is determined by FAFSA. You can reap financial benefits of $577 to $5,550 as per your academic choices. Part-time undergraduate students may also receive lower amounts if recognized by FAFSA.
  • Supplemental Educational Opportunity Grant (SEOG): A grant of $750 is reserved and awarded to those students who are residential undergraduate students with exceptional financial need and yet to complete a bachelor's degree.
  • Teacher Education Assistance for College and Higher Education Grant (TEACH): Oral Roberts University has decided not to participate in this grant for this year. However, they do participate in offering such grants to students frequently whenever it does participate in it.

State Grants

  • Oklahoma Tuition Aid Grant (OTAG): If you are a resident of Oklahoma and you are an undergraduate or graduate (full time or part-time) student you may receive this grant given that you have applied before March 1st and have been recognized by FAFSA.
  • Oklahoma Tuition Equalization Grant (OTEG): It is determined by Oklahoma state regents from the results of FAFSA. Domiciles of the state can only apply for this grant.
  • Oklahoma's Promise (formerly OHLAP): To avail of this grant you must complete some academic courses in high school from Oklahoma state so that you may be considered for a future financial assistantship.

Scholarships

Quest Whole Leader Scholarship: The university recognizes exceptional students who have shown wholeness in leadership. If you are a devoted Christian with extraordinary academic accomplishments with an affinity to serve others, you might be the recipient of this prestigious scholarship so that you may lead well and impact the world positively.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

12%

Institution Grant Aid

88%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$5,294

State Grant Aid

$3,860

Institution Grant Aid

$16,171

Pell Grant

$4,851

As discussed above the university has a plethora of financial aid which includes various grants and scholarships, in this piece we will breakdown the grants distributed and provide a simplistic view of the same.

It is seen that Institutional grants are provided to almost 88% of the students with the average amount being $16,171. It is also seen that 38% of the students are recipients of Federal and Pell grants and they receive an average of $5,294 and $4,851 respectively. The lowest percentage of aid is provided in the form of State grants where 12% of the students receive an average amount of $3,860.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$20,937

$30,001 - $48,000

$22,327

$48,001 - $75,000

$18,742

$75,001 - $110,000

$18,054

Over $110,000

$16,049

As per the data from Oral Roberts University’s financial aid office, the lower the family income is, the higher the amount of financial aid one can expect to receive. This ensures that the bulk of the money is flowing towards those who need it the most. The following aid amounts are offered to their respective income groups:

One can expect to receive an aid amount of $20,937 whose family income is under $30,000.

Around $22,327 is offered to families within the $30,001 to $48,000 income bracket.

$18,742 and $18,054 is offered to families who earn between $48,001 to $75,000 and $75,001 to $110,000, respectively.

An average aid amount of $16,049 is expected to be awarded to those students who have a family income of over $110,000.

Student Loans for Oral Roberts University (ORU)

Average Loan Amount Average Loan Amount received per year.

$10,321/Year

Students Taking Out Loans

63%

Loan Default Rate

9.4%

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