by our College Data Analytics TeamMany students attending Odessa College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What financial aid options does Odessa College offer, and what will you qualify for? Keep scrolling for answers.
Odessa College average financial aid offer for freshmen students is $4,314.00. A significant 78% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Odessa College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Odessa College.
23% of incoming freshmen (113 total) were given scholarships at Odessa College, averaging $4,789.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 47% of first-year students (233 total) got a federal grant, for about $5,719.00 per person.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.30% | $6,507.00 |
| Income 30k-48k | 11.36% | $6,458.00 |
| Income 48k-75k | 6.69% | $4,146.00 |
| Income 75k-110k | 1.22% | $5,251.00 |
| Income 110k + | 0.20% | $3,300.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
78% of the 493 undergraduates at Odessa College receive some sort of grant aid. This is a total of about 370 students getting an average of $4,314.00 per person.Most of them are distributed as Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
