$4,294

Avg. Federal Grant

$4,761

Avg. Federal Loan

$11,868,734

Total Aid Awarded

Owens Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

36%

Total Aid Amount Average Total Aid Awarded per year.

$11.869M

Financial Aid Official Website

https://www.owens.edu/tuitionaid/

Students can avail of scholarships provided by the college, such as James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, Minority Journalism Scholarship, and Nurse Education Assistance Loan Program, if they find educational expenses to be on the higher side. As many as 81% of the students at OCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $17,157,020 in a year. More information regarding the financial assistance schemes can be accessed on OCC’s official financial aid page at https://www.owens.edu/tuitionaid/. At OCC, the total percentage of applicants who receive the Federal Grant stands at 56%. On the other hand, 61% of the candidates get the Student Grant, 9% receive the Institution Grant, and 56% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,071, the State Grant receivers and Institution Grant beneficiaries get $2,542 and $1,882, respectively. And, for the Pell Grant awardees, the average aid amount is $3,530. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At OCC, an estimated number of 59% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

1%

Institution Grant Aid

11%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,294

State Grant Aid

$1,840

Institution Grant Aid

$2,223

Pell Grant

$4,228

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,816

$30,001 - $48,000

$3,855

$48,001 - $75,000

$1,551

$75,001 - $110,000

$306

Over $110,000

$478

Student Loans for Owens Community College

Average Loan Amount Average Loan Amount received per year.

$4,826/Year

Students Taking Out Loans

57%

Loan Default Rate

17.8%

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