by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$7,738.00 is the typical University of Oklahoma Norman Campus’s first year financial aid package. Approximately 95% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
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.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at University of Oklahoma Norman Campus.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
86% of incoming freshmen (3449 total) were given scholarships at University of Oklahoma Norman Campus, averaging $7,595.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 36% of freshmen (1449 total) received a federal grant, for about $4,172.00 a person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.90% | $13,474.00 |
| Income 30k-48k | 5.81% | $12,731.00 |
| Income 48k-75k | 5.43% | $7,852.00 |
| Income 75k-110k | 4.29% | $4,533.00 |
| Income 110k + | 6.53% | $3,516.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
3625 University of Oklahoma undergrads obtain grant aid (this is about 95% of the entire undergraduate student population). The average amount these students receive is $7,738.00.
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.