by our College Data Analytics TeamMany students attending Ohio Wesleyan University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Uncover the various financial aid options provided by OWU and determine which ones you may be eligible for by continuing your exploration.
$35,753.00 is the typical Ohio Wesleyan University’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Ohio Wesleyan University you may end up taking on.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of new students (389 total) were given scholarships at Ohio Wesleyan University, averaging $33,592.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 29% of first years (113 total) were awarded federal grant aid, averaging $5,974.00 each.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.62% | $39,842.00 |
| Income 30k-48k | 6.43% | $40,838.00 |
| Income 48k-75k | 13.11% | $40,886.00 |
| Income 75k-110k | 16.20% | $37,314.00 |
| Income 110k + | 20.82% | $32,750.00 |
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.
389 OWU undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $35,753.00.
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.