by our College Data Analytics TeamMany students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Oakland University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Oakland deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Oakland University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Oakland University, 96% of the incoming full-time class was awarded financial aid some 2103 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $12,988 |
| Institutional grants & scholarships | 92% | $7,315 |
| Federal Pell grants | 43% | $5,909 |
| State/local grants | 60% | $4,830 |
| Federal student loans | 33% | $4,719 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Oakland, about 68% of undergraduates were awarded grant or scholarship aid averaging $9,977 (among about 8644 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $9,977 |
| Federal Pell grants | 32% | $5,454 |
| Federal student loans | 37% | $6,654 |
For students living on campus and receiving title-IV aid, grants averaged $16,062.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,930 |
| $30,001 – $75,000 | $10,587 |
| Over $75,000 | $20,660 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,120 |
| Off-campus title-IV students | $13,584 |
To project your own net price, use Oakland’s online cost calculator: www.oakland.edu/npc.
The middle student in the debt distribution at Oakland owes $16,787 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,787 |
| Median federal debt (graduates only) | $22,750 |
| Typical 10-year monthly payment (graduates) | $241.19/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Oakland.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,049 |
| 25th percentile | $7,500 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $38,326 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,500 |
| Middle income | $17,168 |
| High income | $16,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,228 |
| Continuing-generation students | $16,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,240 |
| Independent students | $18,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Oakland.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Oakland:
| Metric | Value |
|---|---|
| Stafford loan recipients | 51971 |
| Total Stafford loan amount | $1,292,243,256 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 180 |
| Total GI Bill amount | $2,215,324 |
| Average GI Bill amount per recipient | $12,307 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $50,500 |
| Average DoD amount per recipient | $4,208 |
References
More about our data sources and methodologies.