by our College Data Analytics TeamMost students are not billed 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 Oklahoma Wesleyan University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will OKWU or OWU deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Oklahoma Wesleyan University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Oklahoma Wesleyan University, 100% of first-time, full-time freshmen received some form of financial aid roughly 192 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $16,808 |
| Institutional grants & scholarships | 100% | $13,993 |
| Federal Pell grants | 36% | $5,425 |
| State/local grants | 10% | $5,097 |
| Federal student loans | 63% | $4,941 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, around 77% of undergrads got grants or scholarships worth on average $20,934 (across roughly 631 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $20,934 |
| Federal Pell grants | 29% | $5,084 |
| Federal student loans | 52% | $6,169 |
Title-IV recipients living on campus saw average grant aid of $16,385.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,642 |
| $30,001 – $75,000 | $24,119 |
| Over $75,000 | $30,059 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,358 |
| Off-campus title-IV students | $26,827 |
To project your own net price, use OKWU or OWU’s net price tool: www.okwu.edu/net-price-calculator/.
The median student at OKWU or OWU graduates with $16,679 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,679 |
| Median federal debt (graduates only) | $24,813 |
| Typical 10-year monthly payment (graduates) | $263.06/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 percentiles below describe the cumulative federal debt distribution for borrowers at OKWU or OWU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $6,333 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $30,400 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,750 |
| Middle income | $17,071 |
| High income | $17,624 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,544 |
| Continuing-generation students | $13,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $20,847 |
A handful of calculated indicators summarize the debt outlook at OKWU or OWU.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at OKWU or OWU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5874 |
| Total Stafford loan amount | $115,306,231 |
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 | 11 |
| Total GI Bill amount | $212,814 |
| Average GI Bill amount per recipient | $19,347 |
References
More about our data sources and methodologies.