by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Oklahoma Baptist University can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can OBU deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Oklahoma Baptist 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Oklahoma Baptist University, 100% of entering full-time freshmen got some type of financial assistance approximately 427 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $24,896 |
| Institutional grants & scholarships | 100% | $21,609 |
| Federal Pell grants | 33% | $5,345 |
| State/local grants | 28% | $5,209 |
| Federal student loans | 42% | $5,221 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At OBU, around 90% of undergraduates were awarded grant or scholarship aid averaging $26,362 (for some 1265 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $26,362 |
| Federal Pell grants | 17% | $5,482 |
| Federal student loans | 23% | $6,875 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $27,737.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,797 |
| $30,001 – $75,000 | $22,061 |
| Over $75,000 | $26,469 |
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 | $20,958 |
| Off-campus title-IV students | $23,880 |
To project your own net price, use OBU’s net price calculator: www.okbu.edu/financial-aid/net-price-calculator.html.
The median student at OBU graduates with $15,363 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,363 |
| Median federal debt (graduates only) | $24,801 |
| Typical 10-year monthly payment (graduates) | $262.93/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at OBU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $26,490 |
| 90th percentile (highest-debt students) | $33,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $18,500 |
| High income | $14,675 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,750 |
| Continuing-generation students | $15,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $20,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at OBU.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at OBU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6269 |
| Total Stafford loan amount | $98,699,091 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 25 |
| Total GI Bill amount | $479,935 |
| Average GI Bill amount per recipient | $19,197 |
References
More about our data sources and methodologies.