Financial aid deals with financial funding that students can utilize to remunerate for colleges and is usually awarded based on need or merit.
98.5% of freshmen receive some form of financial aid, with the average amount totaling $17,776.
Students proceeding from impoverished families receive an average of $24,144 in aid during their first year.
Need-based aid is bent on a student's capacity to pay for college, as calculated by the Free Application for Federal Student Aid, known as the FAFSA. The average need-based scholarship or grant awarded to first-year students at Ouachita Baptist University was $16,000. Additionally, more than 75% of students can receive need-based financial aid in that year.
Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students is around 50%.
Merit-based aid, also called non-need-based aid, is awarded based on a specific talent , athletic or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at Ouachita Baptist University is around $4000.
Ouachita Baptist University conventionally meets 85% of its students’ financial aid needs .
How to get financial aid at Ouachita:
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Start by applying for admission to Ouachita Baptist University.
Apply at :https://obu.edu/apply.php
This application also acts as the application for merit scholarships at the university.
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Fill the Free Application for Federal Student Aid (FAFSA).
The completion of the FAFSA is necessary in order to acquire financial assistance . The FAFSA will be required to establish eligibility for all need based forms of financial aid.
FAFSA website:https://studentaid.gov/h/apply-for-aid/fafsa
Federal Aid Programs : https://obu.edu/finaid/federal.php
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Search all aid sources prior to enrolling .Applicants are encouraged to research and apply for private scholarships and grant funding.
Ouachita Aid : https://obu.edu/finaid/obu.php
State Aid (Arkansas residents only) : https://obu.edu/finaid/state.php
Private Aid : https://obu.edu/finaid/private.php
Military & VA Educational Benefits : https://obu.edu/finaid/va-educational-benefits.php