by our College Data Analytics TeamThe majority of 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 price tag of going to Oklahoma State University Institute of Technology can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can OSU Institute of Technology offer, and what will you qualify for? Keep reading for more information. Keep going to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Oklahoma State University Institute of Technology.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Oklahoma State University Institute of Technology, 99% of new full-time first-years were awarded at least some aid (about 605 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $6,626 |
| Institutional grants & scholarships | 91% | $1,966 |
| Federal Pell grants | 59% | $5,666 |
| State/local grants | 29% | $4,403 |
| Federal student loans | 41% | $5,576 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 90% of the undergraduate population received grant aid that averaged $7,175 (across approximately 2236 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $7,175 |
| Federal Pell grants | 42% | $5,024 |
| Federal student loans | 33% | $6,560 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,257.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,748 |
| $30,001 – $75,000 | $10,845 |
| Over $75,000 | $16,614 |
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 | $10,999 |
| Off-campus title-IV students | $11,588 |
For a personalized estimate based on your family’s financial situation, use OSU Institute of Technology’s net price tool: admissions.osuit.edu/register/estimated_cost_of_attendance.
Graduating students at OSU Institute of Technology carry a median federal student debt of $9,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,000 |
| Median federal debt (graduates only) | $11,334 |
| Typical 10-year monthly payment (graduates) | $120.16/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at OSU Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,668 |
| 75th percentile | $14,418 |
| 90th percentile (highest-debt students) | $22,130 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,000 |
| High income | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,143 |
| Continuing-generation students | $8,240 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,336 |
| Independent students | $11,470 |
The figure below distills the debt data into a single burden category for OSU Institute of Technology.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at OSU Institute of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10829 |
| Total Stafford loan amount | $115,060,531 |
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 | 70 |
| Total GI Bill amount | $308,141 |
| Average GI Bill amount per recipient | $4,402 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 7 |
| Total DoD amount | $11,233 |
| Average DoD amount per recipient | $1,605 |
References
More about our data sources and methodologies.