by our College Data Analytics TeamThe majority of 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 price tag of going to Ottawa University-Online can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Ottawa University - Online deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to see what amount of financial assistance could be accessible 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 Ottawa University-Online.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Ottawa University - Online, roughly 41% of undergraduates were awarded an average grant or scholarship of $7,131 (across roughly 171 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $7,131 |
| Federal Pell grants | 34% | $5,377 |
| Federal student loans | 41% | $9,290 |
The middle student in the debt distribution at Ottawa University - Online owes $12,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Ottawa University - Online.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,197 |
| 25th percentile | $6,383 |
| 75th percentile | $23,500 |
| 90th percentile (highest-debt students) | $32,375 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,975 |
| Middle income | $13,726 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,000 |
| Independent students | $17,123 |
A handful of calculated indicators summarize the debt outlook at Ottawa University - Online.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Ottawa University - Online:
| Metric | Value |
|---|---|
| Stafford loan recipients | 19117 |
| Total Stafford loan amount | $492,512,782 |
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 | 22 |
| Total GI Bill amount | $162,439 |
| Average GI Bill amount per recipient | $7,384 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,938 |
| Average DoD amount per recipient | $1,938 |
References
More about our data sources and methodologies.