by our College Data Analytics TeamMany 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 Our Lady of the Lake University can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can OLLU provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Our Lady of the Lake 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.
For freshmen starting at Our Lady of the Lake University, 100% of the incoming full-time class was awarded financial aid roughly 281 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $26,059 |
| Institutional grants & scholarships | 99% | $18,947 |
| Federal Pell grants | 60% | $5,908 |
| State/local grants | 71% | $4,449 |
| Federal student loans | 53% | $4,582 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, about 93% of the undergraduate population received grant aid that averaged $22,670 (across roughly 1061 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $22,670 |
| Federal Pell grants | 57% | $5,643 |
| Federal student loans | 59% | $6,505 |
For on-campus title-IV students, average grant aid came to $26,423.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,817 |
| $30,001 – $75,000 | $20,799 |
| Over $75,000 | $17,258 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $16,442 |
| Off-campus title-IV students | $17,760 |
For a customized cost estimate, visit OLLU’s online cost calculator: www.ollusa.edu/NetPriceCalculator.
The median student at OLLU graduates with $17,084 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,084 |
| Median federal debt (graduates only) | $24,999 |
| Typical 10-year monthly payment (graduates) | $265.03/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. These percentiles trace how cumulative federal debt is spread among borrowers at OLLU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,500 |
| 75th percentile | $27,500 |
| 90th percentile (highest-debt students) | $38,250 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,171 |
| Middle income | $17,500 |
| High income | $15,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,017 |
| Continuing-generation students | $17,251 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,125 |
| Independent students | $23,731 |
These indicators are derived from the underlying debt data and summarize the overall picture at OLLU.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at OLLU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18076 |
| Total Stafford loan amount | $605,316,290 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 83 |
| Total GI Bill amount | $1,380,126 |
| Average GI Bill amount per recipient | $16,628 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10 |
| Total DoD amount | $17,009 |
| Average DoD amount per recipient | $1,701 |
References
More about our data sources and methodologies.