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.
Interested in understanding the financial aid resources available at OHIO Lancaster and your eligibility? Find the answers you seek below.
$4,909.00 is the typical Ohio University - Lancaster Campus’s first year financial aid package. A significant 80% of freshmen benefit from financial aid, with the main type being 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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Ohio University - Lancaster Campus.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by Ohio University - Lancaster Campus.
26% of first-year students (74 total) were offered scholarships at Ohio University - Lancaster Campus, averaging $3,532.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 49% of first-year students (140 total) got federal grant aid, averaging $3,750.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 18.88% | $5,421.00 |
| Income 30k-48k | 10.14% | $5,137.00 |
| Income 48k-75k | 8.74% | $3,301.00 |
| Income 75k-110k | 3.50% | $1,023.00 |
| Income 110k + | 0.70% | $301.00 |
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.
80% of the 286 undergraduates at Ohio University - Lancaster Campus receive some sort of grant aid. This is a total of about 173 students getting an average of $4,909.00 per person.The largest share of which are in the guise 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.