by our College Data Analytics TeamThe total cost of attendance at Ohio Northern University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from ONU.
$23,381.00 is the typical Ohio Northern University’s first year financial aid package. 99% of reshman students get financial aid, most of which is in the form of grants and scholarships
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Ohio Northern University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
97% of new students (588 total) were offered scholarships at Ohio Northern University, averaging $21,279.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 23% of freshmen (142 total) obtained a federal grant, for about $5,581.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.06% | $29,993.00 |
| Income 30k-48k | 8.72% | $30,354.00 |
| Income 48k-75k | 12.66% | $26,599.00 |
| Income 75k-110k | 18.09% | $23,093.00 |
| Income 110k + | 23.03% | $19,883.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
589 ONU undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $23,381.00.
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.