by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Uncover the various financial aid options provided by ORU and determine which ones you may be eligible for by continuing your exploration.
$23,575.00 is the typical Oral Roberts University’s first year financial aid package. 99% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Oral Roberts University.
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.
99% of incoming freshmen (640 total) were awarded scholarships at Oral Roberts University, averaging $20,199.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 43% of freshmen (278 total) received a federal grant, for about $5,774.00 a 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 | 21.26% | $27,926.00 |
| Income 30k-48k | 13.87% | $28,379.00 |
| Income 48k-75k | 10.63% | $22,611.00 |
| Income 75k-110k | 9.86% | $21,227.00 |
| Income 110k + | 12.94% | $19,561.00 |
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.
99% of the 649 undergraduates at Oral Roberts University receive some sort of grant aid. This is a total of about 640 students getting an average of $23,575.00 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.