University of the Ozarks Financial Aid and Scholarships
Students Receiving Aid
98%
Total Aid Amount
$14.813M
Financial Aid Official Website
https://ozarks.edu/new-student/cost-and-aid/applying-financial-aid/
Such schemes include Carnegie Dartlet $10,000 Scholarship and Community Service Scholarship for Multicultural Students. It is interesting to note that almost every student at UO receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $2,522,770. For additional information about financial assistance schemes, one can head over to UO’s financial aid page at https://ozarks.edu/new-student/cost-and-aid/applying-financial-aid/. At UO, the total percentage of applicants who receive the Federal Grant stands at 48%. On the other hand, 95% of the candidates get the Student Grant, 95% receive the Institution Grant, and 48% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,314, the State Grant receivers and Institution Grant beneficiaries get $1,517 and $16,441, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,116. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $22,745 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $20,375 and $18,405, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $13,878. And, for those with a family income of more than $110,000, the amount stands at $11,998. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 UO, an estimated number of 75% of the applicants choose to go for student loans.
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