by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Oakland Community College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Oakland Community College offer, and what will you qualify for? Read on for more information. Keep scrolling to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Oakland Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Oakland Community College, 67% of first-time, full-time freshmen received some form of financial aid roughly 888 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $8,158 |
| Institutional grants & scholarships | 22% | $2,083 |
| Federal Pell grants | 43% | $7,387 |
| State/local grants | 31% | $3,842 |
| Federal student loans | 26% | $3,554 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Oakland Community College, around 46% of undergraduates were awarded grant or scholarship aid averaging $7,097 (covering around 6426 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $7,097 |
| Federal Pell grants | 31% | $7,552 |
| Federal student loans | 16% | $3,660 |
On-campus students receiving title-IV aid were awarded grants averaging $6,576.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $2,908 |
| $30,001 – $75,000 | $4,680 |
| Over $75,000 | $10,082 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,777 |
| Off-campus title-IV students | $4,568 |
To project your own net price, use Oakland Community College’s net price tool: www.oaklandcc.edu/NetPriceCalculator/.
The median student at Oakland Community College graduates with $4,592 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,592 |
| Median federal debt (graduates only) | $9,105 |
| Typical 10-year monthly payment (graduates) | $96.53/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Oakland Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,707 |
| 25th percentile | $2,750 |
| 75th percentile | $9,802 |
| 90th percentile (highest-debt students) | $18,005 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,542 |
| Middle income | $4,580 |
| High income | $4,811 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,938 |
| Continuing-generation students | $4,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $6,038 |
A handful of calculated indicators summarize the debt outlook at Oakland Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Oakland Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 40215 |
| Total Stafford loan amount | $350,852,535 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 152 |
| Total GI Bill amount | $429,411 |
| Average GI Bill amount per recipient | $2,825 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 34 |
| Total DoD amount | $120,484 |
| Average DoD amount per recipient | $3,544 |
References
More about our data sources and methodologies.