by our College Data Analytics TeamThe total cost of attendance at Old Dominion 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.
What financial aid options does Old Dominion offer, and what will you qualify for? Keep scrolling for answers.
Old Dominion University average financial aid offer for freshmen students is $8,253.00. About 93% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Old Dominion University 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 next numbers refer to grants and scholarships mainly supplied by the college itself.
69% of incoming freshmen (2159 total) were given scholarships at Old Dominion University, averaging $4,208.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 45% of freshman students (1393 total) obtained federal grant aid, averaging $5,136.00 a piece.
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 | 19.79% | $12,387.00 |
| Income 30k-48k | 11.26% | $12,148.00 |
| Income 48k-75k | 11.59% | $8,768.00 |
| Income 75k-110k | 7.98% | $4,803.00 |
| Income 110k + | 10.23% | $2,865.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
93% of the 3107 undergraduates at Old Dominion University receive some sort of grant aid. This is a total of about 2896 students getting an average of $8,253.00 per person.
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.