$5,164

Avg. Federal Grant

$4,924

Avg. Federal Loan

$14,813,019

Total Aid Awarded

University of the Ozarks Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

29%

Institution Grant Aid

96%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$5,164

State Grant Aid

$1,428

Institution Grant Aid

$15,399

Pell Grant

$4,842

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,521

$30,001 - $48,000

$21,830

$48,001 - $75,000

$20,647

$75,001 - $110,000

$15,176

Over $110,000

$12,016

Student Loans for University of the Ozarks

Average Loan Amount Average Loan Amount received per year.

$6,380/Year

Students Taking Out Loans

71%

Loan Default Rate

15%

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