N/A

Avg. Federal Grant

$5,376

Avg. Federal Loan

$28,876,220

Total Aid Awarded

Ouachita Baptist University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$28.876M

Financial Aid Official Website

www.obu.edu/finaid/

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:

  1. 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.

  2. 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

     

  3. 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

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

75%

State Grant Aid

59%

Institution Grant Aid

95%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

N/A

State Grant Aid

$1,807

Institution Grant Aid

$16,778

Pell Grant

$4,703

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

N/A

$30,001 - $48,000

$21,241

$48,001 - $75,000

$18,910

$75,001 - $110,000

$16,337

Over $110,000

$17,342

Student Loans for Ouachita Baptist University

Average Loan Amount Average Loan Amount received per year.

$6,260/Year

Students Taking Out Loans

74%

Loan Default Rate

7.3%

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