by our College Data Analytics TeamA large number of students will never be charged 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 Ohio State University-Newark Campus can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Ohio State University - Newark Campus offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to discover 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. The figures below will help you estimate the aid you might receive from Ohio State University-Newark Campus.
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.
At Ohio State University-Newark Campus, 80% of entering full-time freshmen got some type of financial assistance approximately 1067 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $7,793 |
| Institutional grants & scholarships | 66% | $3,527 |
| Federal Pell grants | 46% | $5,718 |
| State/local grants | 3% | $4,891 |
| Federal student loans | 36% | $5,035 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Ohio State University - Newark Campus, some 64% of the undergraduate population received grant aid that averaged $7,795 (across approximately 1550 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $7,795 |
| Federal Pell grants | 39% | $5,501 |
| Federal student loans | 33% | $5,420 |
Title-IV recipients living on campus saw average grant aid of $7,296.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,611 |
| $30,001 – $75,000 | $12,986 |
| Over $75,000 | $19,375 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $14,767 |
| Off-campus title-IV students | $14,814 |
For a personalized estimate based on your family’s financial situation, use Ohio State University - Newark Campus’s net price tool: sfa.osu.edu/incoming-freshmen/about-aid/net-price-calculator.
The median student at Ohio State University - Newark Campus graduates with $14,500 in federal loans.
| 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Ohio State University - Newark 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 |
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 | $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 |
A handful of calculated indicators summarize the debt outlook at Ohio State University - Newark Campus.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Ohio State University - Newark 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.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 31 |
| Total GI Bill amount | $201,876 |
| Average GI Bill amount per recipient | $6,512 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $8,250 |
| Average DoD amount per recipient | $2,750 |
References
More about our data sources and methodologies.