$5,376

Avg. Federal Grant

$3,613

Avg. Federal Loan

$7,766,296

Total Aid Awarded

University of Science and Arts (USAO) Oklahoma Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$7.766M

Financial Aid Official Website

usao.edu/financial-aid

It is interesting to note that, every year, around 96% of students at USAO receive some kind of financial aid, while the total amount of assistance/loans provided is $2,294,470. At USAO, the total percentage of applicants who receive the Federal Grant stands at 50%. Meanwhile, 92% of the applicants receive the Student Grant and 80% are awarded the Institution Grant, while 50% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,998, the State Grant receivers and Institution Grant beneficiaries get $5,502 and $7,416, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,071. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 48% of the applicants to University of Science and Arts of Oklahoma opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

37%

Institution Grant Aid

84%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$5,376

State Grant Aid

$4,527

Institution Grant Aid

$6,207

Pell Grant

$5,090

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,067

$30,001 - $48,000

$13,267

$48,001 - $75,000

$7,481

$75,001 - $110,000

$8,520

Over $110,000

$4,714

Student Loans for University of Science and Arts (USAO) Oklahoma

Average Loan Amount Average Loan Amount received per year.

$3,746/Year

Students Taking Out Loans

74%

Loan Default Rate

13%

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