$4,775

Avg. Federal Grant

$5,742

Avg. Federal Loan

$143,209,077

Total Aid Awarded

The University of Oklahoma (OU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$143.209M

Financial Aid Official Website

www.ou.edu/financialaid

Among them are scholarship programs such as 3M Award, Advantage Scholarship, Air Force ROTC College Scholarship, and Air Force ROTC Professional Officer Course Incentive Scholarship. Notably, 96% of the students at University of Oklahoma-Norman Campus get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $52,566,725. One can visit UONC's financial aid page at http://www.ou.edu/financialaid for more information. The total percentage of candidates applying to University of Oklahoma-Norman Campus who receive the Federal Grant is 24%. On the other hand, 89% of the candidates get the Student Grant, 86% receive the Institution Grant, and 24% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,944, and the same stands at $4,564 for State Grant awardees and $6,662 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,546. 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 UONC, an estimated number of 45% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

24%

State Grant Aid

25%

Institution Grant Aid

84%

Pell Grant

23%

Average Aid Awarded

Federal Grant Aid

$4,775

State Grant Aid

$4,877

Institution Grant Aid

$7,809

Pell Grant

$4,734

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,744

$30,001 - $48,000

$10,392

$48,001 - $75,000

$7,075

$75,001 - $110,000

$3,821

Over $110,000

$2,304

Student Loans for The University of Oklahoma (OU)

Average Loan Amount Average Loan Amount received per year.

$8,220/Year

Students Taking Out Loans

44%

Loan Default Rate

N/A

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