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.
Discover the financial aid possibilities at Oakland Community College and learn what assistance you might qualify for by continuing to read.
$5,089.00 is the typical Oakland Community College’s first year financial aid package. Financial aid is provided to about 54% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Oakland Community College.
In addition to scholarships, 38% of first-year students (396 total) got federal grant aid, averaging $6,046.00 per person.
These scholarships and grants are composed of primarily federal grants, and some state and local awards.
38% of first years at Oakland Community College (396 total) were awarded a federal grant, averaging $6,046.00.
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 | 18.20% | $7,283.00 |
| Income 30k-48k | 7.38% | $5,985.00 |
| Income 48k-75k | 4.69% | $2,456.00 |
| Income 75k-110k | 0.86% | $558.00 |
| Income 110k + | 0.10% | $269.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 1044 undergraduate students at Oakland Community College around 54% (529 total) receive some form of grant aid. The typical amount awarded was $5,089.00.The majority of which come in the form of Pell Grants.
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.