Scholarships, Grants, and Loan Trends at Oakwood

11%

Received Percent Changed

$7,115

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,389, which is 89.56 % of all undergraduate students. 1,080 students which is 69.00% of undergraduate students received federal student loans and the average loan amount is $6,629.

For full-time, first-time beginning students (freshmen), 96.67% of students received grants or scholarships and 67% 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 Oakwood University since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,389, which is 89.56 % of all undergraduate students. 1,080 students which is 69.00% of undergraduate students received federal student loans and the average loan amount is $6,629.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,536 (82%)$7,472997 (53%)$4,3291,354 (72%)$8,168
2015-161,446 (84%)$4,336919 (53%)$2,3521,231 (71%)$3,648
2016-171,537 (90%)$8,075904 (53%)$4,4901,248 (73%)$7,226
2017-181,458 (89%)$7,949826 (50%)$4,4261,145 (70%)$6,615
2018-191,480 (94%)$10,607752 (48%)$4,7651,076 (68%)$7,806
2019-201,174 (86%)$10,387732 (54%)$5,0041,030 (75%)$4,039
2020-211,239 (93%)$13,253632 (47%)$5,090920 (69%)$7,443
2021-221,319 (95%)$17,852681 (49%)$5,411899 (65%)$7,209
2022-231,312 (93%)$14,587669 (47%)$5,804813 (58%)$7,503
Average1,389 (89.56%)$10,502790 (50.44%)$4,6301,080 (69.00%)$6,629
*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, 324 (96.67 % of students) received grants or scholarships and its average amount is $12,394. It can cover 55.06% of tuition & fees ($22,512).

In addition, 222 (66.56 % of students) students get helped from the students loans (average amount : $7,215).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15359 (96%)$8,550240 (64%)$8,452
2015-16328 (97%)$9,074223 (66%)$8,807
2016-17378 (98%)$9,847272 (70%)$6,254
2017-18351 (99%)$10,447240 (67%)$6,591
2018-19306 (100%)$13,744226 (74%)$6,103
2019-20299 (100%)$10,434289 (97%)$9,024
2020-21285 (94%)$14,669197 (65%)$6,023
2021-22259 (93%)$19,004151 (54%)$7,452
2022-23347 (93%)$15,780156 (42%)$6,228
Average324 (96.67%)$12,394222 (66.56%)$7,215
*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, 166 (49.67 % of students) received Pell (federal) grants and its average amount is $5,027.

In addition, 34 students received State/local government grants/scholarships (9.56 % 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
2014-15185 (50%)$4,47642 (11%)$1,68839 (10%)$881300 (80%)$7,120
2015-16185 (55%)$4,46048 (14%)$1,82567 (20%)$697276 (82%)$7,307
2016-17216 (56%)$4,50054 (14%)$1,57955 (14%)$1,568355 (92%)$7,264
2017-18167 (47%)$4,56533 (9%)$2,02171 (20%)$618339 (95%)$8,242
2018-19167 (55%)$4,93040 (13%)$2,03117 (6%)$905302 (99%)$10,880
2019-20146 (49%)$5,20036 (12%)$2,31719 (6%)$1,049247 (83%)$9,139
2020-21145 (48%)$5,30987 (29%)$1,78313 (4%)$1,132272 (90%)$11,915
2021-22129 (46%)$5,71541 (15%)$1,9846 (2%)$1,963259 (93%)$15,798
2022-23155 (41%)$6,08847 (13%)$1,79316 (4%)$1,736345 (92%)$12,811
Average166 (49.67%)$5,02748 (14.44%)$1,89134 (9.56%)$1,172299 (89.56%)$10,053
*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, 222 (66.56 % of students) get any students loan help and its average loan amount is $222.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15240 (64%)$8,452238 (64%)$6,64634 (9%)$13,139
2015-16223 (66%)$8,807223 (66%)$5,22562 (18%)$12,884
2016-17272 (70%)$6,254272 (70%)$5,37819 (5%)$12,532
2017-18240 (67%)$6,591240 (67%)$5,33724 (7%)$12,540
2018-19226 (74%)$6,103225 (74%)$6,1061 (0%)$5,500
2019-20289 (97%)$9,024196 (66%)$6,31993 (31%)$14,725
2020-21197 (65%)$6,023197 (65%)$5,9571 (0%)$13,000
2021-22151 (54%)$7,452151 (54%)$5,68726 (9%)$10,252
2022-23156 (42%)$6,228156 (42%)$5,8783 (1%)$18,182
Average222 (66.56%)$7,215211 (63.11%)$5,83729 (11.43%)$12,528

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