by our College Data Analytics TeamThe total cost of attendance at Oregon Institute of Technology 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.
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 OIT.
Oregon Institute of Technology average financial aid offer for freshmen students is $6,450.00. Approximately 94% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
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.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Oregon Institute of Technology.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers below apply to scholarships and grants primarily provided by Oregon Institute of Technology.
86% of incoming freshmen (327 total) were awarded scholarships at Oregon Institute of Technology, averaging $4,151.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 40% of first-year students (151 total) got a federal grant, for about $4,652.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.58% | $12,460.00 |
| Income 30k-48k | 9.21% | $10,704.00 |
| Income 48k-75k | 11.05% | $6,671.00 |
| Income 75k-110k | 9.21% | $4,355.00 |
| Income 110k + | 9.21% | $3,711.00 |
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.
Of the 380 undergraduate students at Oregon Institute of Technology around 94% (341 total) receive some form of grant aid. The typical amount awarded was $6,450.00.
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.