Student Loans for Ohio University Students
About Ohio University Financial Aid Program
Ohio University believes in making education accessible and easy to attain for students from all socioeconomic backgrounds, and as a result, the Ohio University Financial Aid program is rather robust and is able to offer financial aid to many students.
Applying for Ohio University Financial Aid is a pretty straightforward process. Before you go about filing the Free Application for Federal Student Aid (FAFSA), you should talk to the Ohio University Financial Aid office and ask about any scholarships and/or grants you might be eligible for. Be sure to also ask if you may need to take out loans to cover the cost of attending OU. After that, file your FAFSA, which will be used to determine your financial need and ultimately your Ohio University Financial Aid package. Once you submit the FAFSA, your application process will be complete, and you will receive a financial aid package shortly thereafter.
Ohio University Financial Aid Packages
At Ohio University, financial aid is awarded on first come first serve basis because of the limited amount of funds available. The most preferred types of financial aid are grants and scholarships. The Ohio University Financial Aid program offers scholarships on the basis of academic merit, and scholarships can be obtained by transfer students with 3.25 GPA or by freshmen with 1220 SAT scores. For scholarships, eligibility criteria and award amounts vary, but any free money award is a great one. While uncommon on the whole, the grant most often given in an Ohio University Financial Aid package is the federal Pell Grant, which is given only to students who demonstrate extreme financial need. Both scholarships and grants are ‘free money’ awards, meaning they do not need to be paid back: as such, they are the most popular and preferred parts of an Ohio University Financial Aid package.
After scholarships and grants, most students who receive Ohio University Financial Aid packages will also be offered student loans in their aid package, and will be encouraged to participate in a work-study program and obtain a summer job to cover their personal expenses and contribute towards the cost of their education. As always, pursue ‘free money’ awards first, then federal aid, and finish off with private student loans. To find, compare, and apply for private student loans for OU, just use our student loan comparison tool above.
Frequently Asked Questions
Q:What are the different types of OU Scholarship programs available?
A:Ohio University has a number of scholarship programs for aspiring students. They are: scholarship programs for freshmen, scholarship programs for current students, diversity scholarships, transfer scholarships, and international scholarships. The application procedure for each program varies and has different eligibility criteria. Some of these programs are need-based while others are merit-based.
Pay for Ohio University*
|Total Avg. Cost||$22,905|
|Room & Board||$9,914|
|Financial Aid Information|
|Students Receiving Fin Aid||81%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$11,354|
|%Receiving Other Loans||10%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics