by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
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 Ohio State University - Lima Campus.
$4,445.00 is the typical Ohio State University - Lima Campus’s first year financial aid package. Financial aid is provided to about 86% of first-year students, with the bulk of support coming in the form of loans.
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.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Ohio State University - Lima Campus you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by Ohio State University - Lima Campus.
77% of incoming freshmen (273 total) were given scholarships at Ohio State University - Lima Campus, averaging $2,246.00 per student. This puts it in the bottom 50th percentile among colleges and universities nationwide.
In addition to scholarships, 40% of first years (144 total) were awarded federal grant aid, averaging $4,672.00 each.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.64% | $7,975.00 |
| Income 30k-48k | 8.43% | $6,871.00 |
| Income 48k-75k | 16.57% | $5,442.00 |
| Income 75k-110k | 11.80% | $2,146.00 |
| Income 110k + | 7.02% | $1,019.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 356 undergraduate students at Ohio State University - Lima Campus around 86% (278 total) receive some form of grant aid. The typical amount awarded was $4,445.00.
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.