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 Oral Roberts University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will ORU offer you, and what will you qualify for? Read on for more information. Keep scrolling to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Oral Roberts University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. 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 Oral Roberts University, 99% of the incoming full-time class was awarded financial aid roughly 724 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $24,184 |
| Institutional grants & scholarships | 96% | $21,085 |
| Federal Pell grants | 42% | $5,945 |
| State/local grants | 21% | $3,864 |
| Federal student loans | 63% | $5,633 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 69% of undergraduate students received gift aid averaging $18,780 (for some 3151 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $18,780 |
| Federal Pell grants | 28% | $5,870 |
| Federal student loans | 42% | $7,356 |
For on-campus title-IV students, average grant aid came to $24,639.
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 | $19,683 |
| $30,001 – $75,000 | $20,593 |
| Over $75,000 | $28,335 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $25,365 |
| Off-campus title-IV students | $23,600 |
For a customized cost estimate, visit ORU’s online cost calculator: oru.edu/admissions/price-calculator.php.
The middle student in the debt distribution at ORU owes $20,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,250 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/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. Use the percentiles below to see the debt range at ORU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $9,311 |
| 75th percentile | $36,000 |
| 90th percentile (highest-debt students) | $49,250 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $20,919 |
| High income | $20,001 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,000 |
| Continuing-generation students | $20,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,750 |
| Independent students | $17,569 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. ORU.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at ORU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16314 |
| Total Stafford loan amount | $445,948,830 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 70 |
| Total GI Bill amount | $604,682 |
| Average GI Bill amount per recipient | $8,638 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 18 |
| Total DoD amount | $50,125 |
| Average DoD amount per recipient | $2,785 |
References
More about our data sources and methodologies.