by our College Data Analytics TeamMost 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 total cost of going to Ozarka College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Ozarka College offer you, and what will you qualify for? Keep reading for more information. Scroll down to learn how much school funding will be available 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 Ozarka College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Ozarka College, 88% of the incoming full-time class was awarded financial aid roughly 118 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $6,955 |
| Institutional grants & scholarships | 21% | $1,900 |
| Federal Pell grants | 79% | $5,376 |
| State/local grants | 35% | $4,124 |
| Federal student loans | 18% | $4,881 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, roughly 66% of undergraduate students received gift aid averaging $6,706 (among about 672 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $6,706 |
| Federal Pell grants | 42% | $5,098 |
| Federal student loans | 13% | $5,507 |
On-campus students receiving title-IV aid were awarded grants averaging $7,526.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,903 |
| $30,001 – $75,000 | $4,260 |
| Over $75,000 | $1,795 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $4,543 |
| Off-campus title-IV students | $4,396 |
For a customized cost estimate, visit Ozarka College’s online cost calculator: www.ozarka.edu/finaid/npcalc.cfm.
The middle student in the debt distribution at Ozarka College owes $7,713 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,713 |
| Median federal debt (graduates only) | $9,818 |
| Typical 10-year monthly payment (graduates) | $104.09/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. The percentiles below describe the cumulative federal debt distribution for borrowers at Ozarka College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,000 |
| 75th percentile | $15,850 |
| 90th percentile (highest-debt students) | $25,750 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,415 |
| Middle income | $5,375 |
| High income | $3,900 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,100 |
| Continuing-generation students | $4,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,625 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Ozarka College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Ozarka College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3620 |
| Total Stafford loan amount | $53,884,065 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $43,705 |
| Average GI Bill amount per recipient | $4,856 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.