Financial Aid at OU

Financial Aid Amount Received

$8,238 (34.72% of tuition)

Percent of Financial Aid Received

78% of 13,771 students

11,811 undergraduate students (78% of all students) have received grants, scholarships, and/or federal student loans at Oakland University. The percentage of students who received financial aid much higher compared to Public, 4-Years Colleges in Michigan.

Compare to similar schools in rankings such as University of California-Santa Cruz and University of Nevada-Las Vegas, the percentage of students who received financial aid is average (the average of the schools is 72.00%).

Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $8,238 and the average loan amount is $6,639. The average financial aid amount is 34.72% of tuition & fees based on out-of-state rate (tuition & fees: $23,730).

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or scholarship aid	11,811	78%	$97,295,461	$8,238
Pell Grants	4,534	30%	$21,008,089	$4,633
Federal Students Loans	6,418	43%	$42,609,062	$6,639

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 1,989 students have received one or more types of financial aid at Oakland University.

The average amount of federal, state, local or institutional grant aid is $10,413 and the average amount of student loans awarded to full-time first-time undergraduate students is $5,645.

The following table shows the financial data by type of aid at Oakland University.

First-time Undergraduate Financial Aid by Type

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	2,062	93%	-	-
Grant or scholarship aid	1,989	90%	$20,711,225	$10,413
Federal Grants	1,344	61%	$6,981,558	$5,195
Pell Grants	831	38%	$4,109,162	$4,945
Other Federal Grants	1,268	57%	$2,872,396	$2,265
State/Local Grants	135	6%	$131,917	$977
Institutional Grants	1,913	86%	$13,597,750	$7,108
Student Loans	898	41%	$5,069,630	$5,645
Federal Student Loans	876	40%	$4,288,700	$4,896
Other Student Loans	66	3%	$780,930	$11,832

Financial Aid by Income Level

The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Oakland University.

Income Level	# of Students	# of Students Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
All Income Level	-	-	$13,366,689	$10,500
0 - $30,000	380	380	$5,655,237	$14,882
$30,001 - $48,000	239	238	$3,339,139	$13,971
$48,001 - $75,000	208	206	$2,579,719	$12,402
$75,001 - $110,000	170	145	$956,410	$5,626
$110,001 - more	276	221	$836,184	$3,030

Paid Tuition Rates by Residency

At Oakland University, for the first-time/full-time students, 2,144 students have paid in-state rate of tuition and 69 students have paid out-of-state tuition rate.

	# of Students
In-District Rate	0
In-State Rate	2,144
Out-of-State Rate	69
Un-known	0

Number of Students by Living Arrangement (Freshmen)

At Oakland University, 474 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 151 students live off-campus. In addition, 1069 students live with their family.