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 total cost of going to Oakwood University can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Oakwood offer you, and what will you qualify for? Keep reading for more information. Read on to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Oakwood University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Oakwood University, 100% of first-year full-time students received aid of some kind around 287 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $13,356 |
| Institutional grants & scholarships | 99% | $10,686 |
| Federal Pell grants | 42% | $5,415 |
| State/local grants | 11% | $1,766 |
| Federal student loans | 77% | $6,029 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, approximately 93% of undergraduates were awarded grant or scholarship aid averaging $14,369 (across approximately 1242 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $14,369 |
| Federal Pell grants | 44% | $5,997 |
| Federal student loans | 57% | $6,971 |
For on-campus title-IV students, average grant aid came to $14,507.
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 | $21,732 |
| $30,001 – $75,000 | $22,257 |
| Over $75,000 | $26,976 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,669 |
| Off-campus title-IV students | $23,384 |
For a customized cost estimate, visit Oakwood’s online cost calculator: oakwood.studentaidcalculator.com/.
Graduating students at Oakwood carry a median federal student debt of $21,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,500 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Oakwood.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,500 |
| 75th percentile | $37,250 |
| 90th percentile (highest-debt students) | $46,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $20,500 |
| Middle income | $20,750 |
| High income | $21,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,625 |
| Continuing-generation students | $21,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,500 |
| Independent students | $18,750 |
The figure below distills the debt data into a single burden category for Oakwood.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Oakwood:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10861 |
| Total Stafford loan amount | $282,366,347 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 16 |
| Total GI Bill amount | $207,555 |
| Average GI Bill amount per recipient | $12,972 |
References
More about our data sources and methodologies.