by our College Data Analytics TeamMost students will never be charged 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 total cost of going to The University of Olivet can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Olivet provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from The University of Olivet.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at The University of Olivet, 100% of the incoming full-time class was awarded financial aid around 334 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $27,858 |
| Institutional grants & scholarships | 99% | $19,484 |
| Federal Pell grants | 57% | $5,491 |
| State/local grants | 81% | $6,359 |
| Federal student loans | 81% | $8,140 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Olivet, roughly 97% of undergraduates were awarded an average grant or scholarship of $25,827 (across roughly 911 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $25,827 |
| Federal Pell grants | 49% | $5,501 |
| Federal student loans | 78% | $9,291 |
On-campus students receiving title-IV aid were awarded grants averaging $25,676.
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 | $20,727 |
| $30,001 – $75,000 | $19,463 |
| Over $75,000 | $24,067 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,393 |
| Off-campus title-IV students | $21,158 |
For an estimate tailored to your family circumstances, see Olivet’s net price tool: apply.uolivet.edu/register/netpricecalculator.
A typical borrower at Olivet leaves with $13,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| 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.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Olivet.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $40,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,000 |
| Middle income | $12,000 |
| High income | $17,601 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,193 |
| Continuing-generation students | $15,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,250 |
| Independent students | $17,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Olivet.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Olivet:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6423 |
| Total Stafford loan amount | $133,897,949 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $320,900 |
| Average GI Bill amount per recipient | $22,921 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.