How Oakland's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show 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.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	9,203 (55%)	$6,051	5,325 (32%)	$3,846	8,913 (54%)	$8,350
2014-15	9,375 (55%)	$6,270	5,360 (32%)	$3,896	8,987 (53%)	$8,458
2015-16	11,203 (67%)	$6,408	5,147 (31%)	$3,936	8,761 (52%)	$7,106
2016-17	9,527 (58%)	$6,849	4,935 (30%)	$4,024	8,661 (52%)	$8,571
2017-18	10,130 (64%)	$7,804	5,010 (32%)	$4,351	8,049 (51%)	$6,784
2018-19	10,062 (64%)	$7,716	4,973 (31%)	$4,461	7,627 (48%)	$6,651
2019-20	10,254 (66%)	$8,451	4,742 (31%)	$4,566	7,255 (47%)	$6,644
2020-21	11,811 (78%)	$8,238	4,534 (30%)	$4,633	6,418 (43%)	$6,639
2021-22	13,522 (98%)	$6,755	4,162 (30%)	$4,673	5,391 (39%)	$6,638
Average	10,565 (67.22%)	$7,171	4,910 (31.00%)	$4,265	7,785 (48.78%)	$7,316

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

Overview

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 38.44% of tuition & fees ($24,737) 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
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,956 (80%)	$8,672	1,249 (51%)	$5,526
2014-15	1,777 (74%)	$8,784	1,241 (51%)	$5,675
2015-16	1,905 (74%)	$9,109	1,384 (53%)	$5,568
2016-17	1,897 (75%)	$9,476	1,329 (52%)	$5,817
2017-18	2,093 (86%)	$9,322	1,220 (50%)	$5,271
2018-19	2,387 (89%)	$10,154	1,330 (50%)	$5,806
2019-20	2,323 (88%)	$9,903	1,252 (48%)	$5,856
2020-21	1,989 (90%)	$10,413	898 (41%)	$5,645
2021-22	1,956 (100%)	$9,755	713 (36%)	$5,672
Average	2,031 (84.00%)	$9,510	1,180 (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.

Grants/Scholarship

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) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	832 (34%)	$4,205	24 (1%)	$1,917	275 (11%)	$596	1,860 (76%)	$7,126
2014-15	844 (35%)	$4,159	37 (2%)	$1,869	213 (9%)	$672	1,659 (69%)	$7,165
2015-16	851 (33%)	$4,278	74 (3%)	$1,895	181 (7%)	$605	1,766 (68%)	$7,622
2016-17	825 (32%)	$4,391	103 (4%)	$1,911	313 (12%)	$642	1,791 (71%)	$7,792
2017-18	825 (34%)	$4,506	78 (3%)	$1,972	152 (6%)	$1,004	2,071 (85%)	$7,478
2018-19	936 (35%)	$4,689	60 (2%)	$1,923	152 (6%)	$1,085	2,360 (88%)	$8,291
2019-20	876 (33%)	$4,889	115 (4%)	$1,770	135 (5%)	$1,010	2,300 (87%)	$7,992
2020-21	831 (38%)	$4,945	1,268 (57%)	$2,265	135 (6%)	$977	1,913 (86%)	$7,108
2021-22	718 (37%)	$5,229	1,955 (100%)	$1,391	75 (4%)	$1,286	1,808 (92%)	$6,920
Average	838 (34.56%)	$4,588	413 (19.56%)	$1,879	181 (7.33%)	$875	1,948 (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..

Student Loans

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.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,249 (51%)	$5,526	1,245 (51%)	$5,330	32 (1%)	$8,342
2014-15	1,241 (51%)	$5,675	1,235 (51%)	$5,325	59 (2%)	$7,904
2015-16	1,384 (53%)	$5,568	1,373 (53%)	$5,105	84 (3%)	$8,309
2016-17	1,329 (52%)	$5,817	1,312 (52%)	$5,189	105 (4%)	$8,795
2017-18	1,220 (50%)	$5,271	1,211 (50%)	$4,861	68 (3%)	$8,006
2018-19	1,330 (50%)	$5,806	1,308 (49%)	$5,090	103 (4%)	$10,330
2019-20	1,252 (48%)	$5,856	1,233 (47%)	$5,118	96 (4%)	$10,633
2020-21	898 (41%)	$5,645	876 (40%)	$4,896	66 (3%)	$11,832
2021-22	713 (36%)	$5,672	698 (36%)	$4,875	49 (3%)	$13,101
Average	1,180 (48.00%)	$5,648	1,166 (47.67%)	$5,088	74 (3.00%)	$9,695

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Scholarships, Grants, and Loan Trends at Oakland

All Undergraduate Students Financial Aid Over Time

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