What is Inside a Typical Financial Aid Package at College of the Ouachitas
College of the Ouachitas' average financial aid package for incoming freshmen is $7,882. Approximately 85.0% of first year students obtain some money for college, most of which is scholarships and grants.
Financial aid helps decrease the cost, or the "sticker" price of the institution. However, bear in mind that the only real college discount are scholarships & grants.
We feel that loan debt ought to be considered to be an "outcome" rather than "aid". Read more about student loan debt at College of the Ouachitas.
How Much Is Offered in Grants & Scholarships?
The stats and the graph following pertain to mainly grants from federal sources, and some local and state grants. 67.0% of freshman students at College of the Ouachitas (74 total) got a federal grant, averaging $4,349. In addition to grants, 19.0% of freshman students (21 total) got scholarships by the college, totaling $2,074 per person.
See the typical quantity of grants and scholarships first years get by checking out the graph below.
Grants are typically based on need while scholarships are merit-based.
Amount of Financial Aid Per Family Income
Discover how much grant and scholarship aid you may plan to be given based on your income level. The table following shows freshmen receiving Title IV assistance such as PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 47.3% | $4,919 |
| Income 30k-48k | 11.8% | $4,071 |
| Income 48k-75k | 8.2% | $2,465 |
| Income 75k-110k | 6.4% | $672 |
| Income 110k + | 1.8% | $0 |
Financial aid from the government through loans, grants, and work-study is known as Title IV aid. Get more info on Title IV here..
The Standard Undergraduate Who Gets a Scholarship or Grant Will Get $2,457
Of the 1,272 undergraduate students at College of the Ouachitas around 77.0% (983 total) get some sort of grant aid. The average amount granted was $2,457. The most of which are in the form of Pell Grants.
Go to the Tuition and Fees page or the Cost Per Credit Hour page for more info.
Financial Aid Links from College of the Ouachitas
| Financial Aid Department Website | www.coto.edu/pages/financial_aid |
| Net Price Calculator | www.coto.edu/sites/default/static/netpricecalc/npcalc.htm |
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