by our College Data Analytics TeamA lot of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Ohio State University-Lima Campus can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Ohio State University - Lima Campus offer you, and what will you qualify for? Read on for more information. Keep going to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Ohio State University-Lima Campus.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Ohio State University-Lima Campus, 87% of entering full-time freshmen got some type of financial assistance approximately 227 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,491 |
| Institutional grants & scholarships | 75% | $3,480 |
| Federal Pell grants | 39% | $4,994 |
| State/local grants | 4% | $5,979 |
| Federal student loans | 37% | $4,506 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Ohio State University - Lima Campus, around 60% of undergrads got grants or scholarships worth on average $6,833 (among about 444 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,833 |
| Federal Pell grants | 29% | $5,220 |
| Federal student loans | 34% | $5,498 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,547.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,159 |
| $30,001 – $75,000 | $10,509 |
| Over $75,000 | $16,316 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $12,940 |
| Off-campus title-IV students | $12,458 |
For a personalized estimate based on your family’s financial situation, use Ohio State University - Lima Campus’s online cost calculator: sfa.osu.edu/incoming-freshmen/about-aid/net-price-calculator.
The middle student in the debt distribution at Ohio State University - Lima Campus owes $14,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,500 |
| Median federal debt (graduates only) | $19,976 |
| Typical 10-year monthly payment (graduates) | $211.78/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 figures below chart the debt distribution at Ohio State University - Lima Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,500 |
| 75th percentile | $26,350 |
| 90th percentile (highest-debt students) | $31,700 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,643 |
| Middle income | $13,000 |
| High income | $15,984 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $15,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,500 |
| Independent students | $15,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Ohio State University - Lima Campus.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Ohio State University - Lima Campus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 157401 |
| Total Stafford loan amount | $4,039,733,772 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $12,905 |
| Average GI Bill amount per recipient | $3,226 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $7,750 |
| Average DoD amount per recipient | $3,875 |
References
More about our data sources and methodologies.