by our College Data Analytics TeamA lot of students are not billed 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 total price of attendance at University of Central Oklahoma can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will UCO offer, and what will you qualify for? Read on for more information. Read on to find out 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 University of Central Oklahoma.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at University of Central Oklahoma, 88% of first-time, full-time freshmen received some form of financial aid around 1590 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $7,152 |
| Institutional grants & scholarships | 55% | $2,903 |
| Federal Pell grants | 44% | $5,470 |
| State/local grants | 39% | $4,407 |
| Federal student loans | 38% | $6,260 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At UCO, around 79% of undergraduates were awarded grant or scholarship aid averaging $6,363 (for some 8267 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $6,363 |
| Federal Pell grants | 36% | $4,995 |
| Federal student loans | 33% | $7,250 |
For on-campus title-IV students, average grant aid came to $8,083.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,305 |
| $30,001 – $75,000 | $18,128 |
| Over $75,000 | $24,054 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,309 |
| Off-campus title-IV students | $18,990 |
To get a personalized net price estimate, try UCO’s net price calculator: www.uco.edu/admissions-aid/financial-aid/.
A typical borrower at UCO leaves with $13,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $21,000 |
| Typical 10-year monthly payment (graduates) | $222.63/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at UCO.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $24,750 |
| 90th percentile (highest-debt students) | $36,949 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,000 |
| Middle income | $12,500 |
| High income | $13,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $13,195 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,871 |
| Independent students | $17,750 |
The figure below distills the debt data into a single burden category for UCO.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at UCO:
| Metric | Value |
|---|---|
| Stafford loan recipients | 45517 |
| Total Stafford loan amount | $936,040,264 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 221 |
| Total GI Bill amount | $1,575,937 |
| Average GI Bill amount per recipient | $7,131 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 17 |
| Total DoD amount | $62,505 |
| Average DoD amount per recipient | $3,677 |
References
More about our data sources and methodologies.