by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$7,009.00 is the typical Northeastern Oklahoma A&M College’s first year financial aid package. 96% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Northeastern Oklahoma A&M College.
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 following numbers pertain to assistance that is supplied by Northeastern Oklahoma A&M College.
63% of incoming freshmen (362 total) were given scholarships at Northeastern Oklahoma A&M College, averaging $5,975.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 58% of freshmen (334 total) obtained a federal grant, for about $4,631.00 a piece.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.70% | $7,518.00 |
| Income 30k-48k | 12.00% | $7,406.00 |
| Income 48k-75k | 8.70% | $4,523.00 |
| Income 75k-110k | 2.09% | $1,980.00 |
| Income 110k + | 1.74% | $1,921.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
96% of the 575 undergraduates at Northeastern Oklahoma A&M College receive some sort of grant aid. This is a total of about 538 students getting an average of $7,009.00 per person.
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.