by our College Data Analytics TeamMany students attending University of the Ozarks can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Uncover the various financial aid options provided by Ozarks and determine which ones you may be eligible for by continuing your exploration.
$18,943.00 is the typical University of the Ozarks’s first year financial aid package. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from University of the Ozarks you could end up dealing with.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by University of the Ozarks.
95% of incoming freshmen (198 total) were awarded scholarships at University of the Ozarks, averaging $15,845.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 49% of first-year students (103 total) got federal grant aid, averaging $5,654.00 per person.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 23.92% | $23,617.00 |
| Income 30k-48k | 9.09% | $23,007.00 |
| Income 48k-75k | 12.44% | $19,509.00 |
| Income 75k-110k | 7.18% | $18,966.00 |
| Income 110k + | 12.44% | $14,595.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 209 undergraduate students at University of the Ozarks around 100% (198 total) receive some form of grant aid. The typical amount awarded was $18,943.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.