by our College Data Analytics TeamThe majority of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Old Dominion University can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Old Dominion offer, and what will you qualify for? Keep reading for more information. Scroll down to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Old Dominion University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Old Dominion University, 94% of new full-time first-years were awarded at least some aid approximately 2506 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $11,740 |
| Institutional grants & scholarships | 68% | $4,993 |
| Federal Pell grants | 43% | $5,922 |
| State/local grants | 56% | $8,847 |
| Federal student loans | 47% | $5,251 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, roughly 64% of undergraduates were awarded an average grant or scholarship of $12,161 (covering around 11404 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $12,161 |
| Federal Pell grants | 37% | $5,556 |
| Federal student loans | 41% | $6,778 |
Title-IV recipients living on campus saw average grant aid of $14,808.
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 | $9,729 |
| $30,001 – $75,000 | $11,532 |
| Over $75,000 | $21,019 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,638 |
| Off-campus title-IV students | $14,170 |
To get a personalized net price estimate, try Old Dominion’s online cost calculator: www.odu.edu/tuition-aid/financial-aid/net-price-calculator.
Graduating students at Old Dominion carry a median federal student debt of $16,300 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,300 |
| Median federal debt (graduates only) | $24,000 |
| Typical 10-year monthly payment (graduates) | $254.44/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. These percentiles trace how cumulative federal debt is spread among borrowers at Old Dominion.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $7,500 |
| 75th percentile | $26,250 |
| 90th percentile (highest-debt students) | $35,165 |
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 | $17,610 |
| Middle income | $16,542 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,525 |
| Continuing-generation students | $15,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $18,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Old Dominion.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Old Dominion:
| Metric | Value |
|---|---|
| Stafford loan recipients | 76447 |
| Total Stafford loan amount | $1,724,255,300 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 1972 |
| Total GI Bill amount | $32,300,869 |
| Average GI Bill amount per recipient | $16,380 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 434 |
| Total DoD amount | $1,837,889 |
| Average DoD amount per recipient | $4,235 |
References
More about our data sources and methodologies.