$3,936

Avg. Federal Grant

$4,047

Avg. Federal Loan

$4,747,692

Total Aid Awarded

Ozarka College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$4.748M

Financial Aid Official Website

www.ozarka.edu/finaid/

It is interesting to note that, every year, around 95% of students at OC receive some kind of financial aid, while the total amount of assistance/loans provided is $947,113. One can visit OC's financial aid page at http://www.ozarka.edu/finaid/ for more information. The total percentage of candidates applying to Ozarka College who receive the Federal Grant is 95%. On the other hand, 95% of the candidates get the Student Grant, 29% receive the Institution Grant, and 84% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,618, the State Grant receivers and Institution Grant beneficiaries get $1,196 and $2,032, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,556. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At OC, an estimated number of 20% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

93%

State Grant Aid

22%

Institution Grant Aid

24%

Pell Grant

81%

Average Aid Awarded

Federal Grant Aid

$3,936

State Grant Aid

$885

Institution Grant Aid

$2,129

Pell Grant

$4,473

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,213

$30,001 - $48,000

$4,861

$48,001 - $75,000

$1,977

$75,001 - $110,000

$970

Over $110,000

N/A

Student Loans for Ozarka College

Average Loan Amount Average Loan Amount received per year.

$4,047/Year

Students Taking Out Loans

20%

Loan Default Rate

11.5%

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