by our College Data Analytics TeamMany students will never be charged 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 Ohio Business College-Sheffield can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can Ohio Business College-Sheffield offer, and what will you qualify for? Keep reading for more information. Keep scrolling to see 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Ohio Business College-Sheffield.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Ohio Business College-Sheffield, 100% of the incoming full-time class was awarded financial aid (about 46 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,869 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 63% | $5,726 |
| State/local grants | 52% | $103 |
| Federal student loans | 63% | $6,820 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Ohio Business College-Sheffield, roughly 59% of undergraduates were awarded an average grant or scholarship of $6,181 (across roughly 98 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $6,181 |
| Federal Pell grants | 59% | $5,889 |
| Federal student loans | 61% | $7,239 |
Title-IV recipients living on campus saw average grant aid of $5,869.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,018 |
| $30,001 – $75,000 | $21,305 |
| Over $75,000 | $25,514 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $28,738 |
| Off-campus title-IV students | $21,181 |
For a personalized estimate based on your family’s financial situation, use Ohio Business College-Sheffield’s net price tool: www.obc.edu/pages/net-price-calculator.
The median federal debt load at Ohio Business College-Sheffield comes to $10,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,000 |
| Median federal debt (graduates only) | $12,416 |
| Typical 10-year monthly payment (graduates) | $131.63/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Ohio Business College-Sheffield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,237 |
| 25th percentile | $6,358 |
| 75th percentile | $21,500 |
| 90th percentile (highest-debt students) | $30,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,000 |
| Middle income | $10,296 |
| High income | $7,667 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,000 |
| Continuing-generation students | $9,800 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,666 |
| Independent students | $10,100 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Ohio Business College-Sheffield.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Ohio Business College-Sheffield:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6652 |
| Total Stafford loan amount | $113,427,817 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.