by our College Data Analytics TeamMany students are not billed 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 price of attendance at Ohio Wesleyan University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will OWU provide, and just what are you going to be eligible for? Read on for answers. Scroll down to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Ohio Wesleyan University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Ohio Wesleyan University, 100% of the incoming full-time class was awarded financial aid around 428 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $45,481 |
| Institutional grants & scholarships | 100% | $42,358 |
| Federal Pell grants | 32% | $5,281 |
| State/local grants | 25% | $4,703 |
| Federal student loans | 63% | $5,302 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 99% of the undergraduate population received grant aid that averaged $42,385 (across roughly 1443 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $42,385 |
| Federal Pell grants | 28% | $5,139 |
| Federal student loans | 62% | $6,259 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $47,527.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,274 |
| $30,001 – $75,000 | $15,000 |
| Over $75,000 | $26,050 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $20,897 |
| Off-campus title-IV students | $21,619 |
For an estimate tailored to your family circumstances, see OWU’s NPC: owu.studentaidcalculator.com/survey.aspx.
The middle student in the debt distribution at OWU owes $21,500 of federal borrowing.
| 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 |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at OWU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $40,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $21,000 |
| Middle income | $21,500 |
| High income | $21,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,250 |
| Continuing-generation students | $19,875 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. OWU.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at OWU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5720 |
| Total Stafford loan amount | $91,389,191 |
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 | 12 |
| Total GI Bill amount | $365,052 |
| Average GI Bill amount per recipient | $30,421 |
References
More about our data sources and methodologies.