Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 10,565, which is 67.22 % of all undergraduate students. 7,785 students which is 48.78% of undergraduate students received federal student loans and the average loan amount is $7,316.

For full-time, first-time beginning students (freshmen), 84.00% of students received grants or scholarships and 48% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Oakland University since 2013.

For that period, the average number of students who received grants aid/scholarships is 10,565, which is 67.22 % of all undergraduate students. 7,785 students which is 48.78% of undergraduate students received federal student loans and the average loan amount is $7,316.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-149,203 (55%)$6,0515,325 (32%)$3,8468,913 (54%)$8,350
2014-159,375 (55%)$6,2705,360 (32%)$3,8968,987 (53%)$8,458
2015-1611,203 (67%)$6,4085,147 (31%)$3,9368,761 (52%)$7,106
2016-179,527 (58%)$6,8494,935 (30%)$4,0248,661 (52%)$8,571
2017-1810,130 (64%)$7,8045,010 (32%)$4,3518,049 (51%)$6,784
2018-1910,062 (64%)$7,7164,973 (31%)$4,4617,627 (48%)$6,651
2019-2010,254 (66%)$8,4514,742 (31%)$4,5667,255 (47%)$6,644
2020-2111,811 (78%)$8,2384,534 (30%)$4,6336,418 (43%)$6,639
2021-2213,522 (98%)$6,7554,162 (30%)$4,6735,391 (39%)$6,638
Average10,565 (67.22%)$7,1714,910 (31.00%)$4,2657,785 (48.78%)$7,316
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 2,031 (84.00 % of students) received grants or scholarships and its average amount is $9,510. It can cover 41.01% of tuition & fees ($23,188) based on out-of-state rate.

In addition, 1,180 (48.00 % of students) students get helped from the students loans (average amount : $5,648).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,956 (80%)$8,6721,249 (51%)$5,526
2014-151,777 (74%)$8,7841,241 (51%)$5,675
2015-161,905 (74%)$9,1091,384 (53%)$5,568
2016-171,897 (75%)$9,4761,329 (52%)$5,817
2017-182,093 (86%)$9,3221,220 (50%)$5,271
2018-192,387 (89%)$10,1541,330 (50%)$5,806
2019-202,323 (88%)$9,9031,252 (48%)$5,856
2020-211,989 (90%)$10,413898 (41%)$5,645
2021-221,956 (100%)$9,755713 (36%)$5,672
Average2,031 (84.00%)$9,5101,180 (48.00%)$5,648
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 838 (34.56 % of students) received Pell (federal) grants and its average amount is $4,588.

In addition, 181 students received State/local government grants/scholarships (7.33 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14832 (34%)$4,20524 (1%)$1,917275 (11%)$5961,860 (76%)$7,126
2014-15844 (35%)$4,15937 (2%)$1,869213 (9%)$6721,659 (69%)$7,165
2015-16851 (33%)$4,27874 (3%)$1,895181 (7%)$6051,766 (68%)$7,622
2016-17825 (32%)$4,391103 (4%)$1,911313 (12%)$6421,791 (71%)$7,792
2017-18825 (34%)$4,50678 (3%)$1,972152 (6%)$1,0042,071 (85%)$7,478
2018-19936 (35%)$4,68960 (2%)$1,923152 (6%)$1,0852,360 (88%)$8,291
2019-20876 (33%)$4,889115 (4%)$1,770135 (5%)$1,0102,300 (87%)$7,992
2020-21831 (38%)$4,9451,268 (57%)$2,265135 (6%)$9771,913 (86%)$7,108
2021-22718 (37%)$5,2291,955 (100%)$1,39175 (4%)$1,2861,808 (92%)$6,920
Average838 (34.56%)$4,588413 (19.56%)$1,879181 (7.33%)$8751,948 (80.22%)$7,499
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 1,180 (48.00 % of students) get any students loan help and its average loan amount is $1,180.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-141,249 (51%)$5,5261,245 (51%)$5,33032 (1%)$8,342
2014-151,241 (51%)$5,6751,235 (51%)$5,32559 (2%)$7,904
2015-161,384 (53%)$5,5681,373 (53%)$5,10584 (3%)$8,309
2016-171,329 (52%)$5,8171,312 (52%)$5,189105 (4%)$8,795
2017-181,220 (50%)$5,2711,211 (50%)$4,86168 (3%)$8,006
2018-191,330 (50%)$5,8061,308 (49%)$5,090103 (4%)$10,330
2019-201,252 (48%)$5,8561,233 (47%)$5,11896 (4%)$10,633
2020-21898 (41%)$5,645876 (40%)$4,89666 (3%)$11,832
2021-22713 (36%)$5,672698 (36%)$4,87549 (3%)$13,101
Average1,180 (48.00%)$5,6481,166 (47.67%)$5,08874 (3.00%)$9,695