How ORU'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 Oral Roberts University since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,822, which is 84.22 % of all undergraduate students. 1,905 students which is 56.89% of undergraduate students received federal student loans and the average loan amount is $9,555.

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	2,666 (92%)	$13,610	1,219 (42%)	$4,215	1,812 (63%)	$10,333
2014-15	2,558 (87%)	$14,470	1,291 (44%)	$4,279	1,749 (59%)	$10,380
2015-16	2,655 (87%)	$14,388	1,310 (43%)	$4,150	1,811 (59%)	$10,055
2016-17	2,780 (85%)	$15,592	1,364 (41%)	$4,198	1,938 (59%)	$9,680
2017-18	2,921 (86%)	$16,118	1,384 (41%)	$4,681	2,015 (60%)	$9,971
2018-19	2,880 (82%)	$17,344	1,391 (39%)	$4,737	2,009 (57%)	$8,651
2019-20	2,960 (83%)	$17,713	1,349 (38%)	$4,697	1,990 (56%)	$9,127
2020-21	2,992 (81%)	$17,129	1,330 (36%)	$4,761	1,883 (51%)	$8,912
2021-22	2,989 (75%)	$18,660	1,460 (36%)	$5,034	1,940 (48%)	$8,888
Average	2,822 (84.22%)	$16,114	1,344 (40.00%)	$4,528	1,905 (56.89%)	$9,555

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

Overview

For the last 10 years, on average, 513 (96.89 % of students) received grants or scholarships and its average amount is $19,787. It can cover 58.03% of tuition & fees ($34,100).

In addition, 360 (68.00 % of students) students get helped from the students loans (average amount : $8,963).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	393 (100%)	$15,398	277 (70%)	$9,118
2014-15	382 (96%)	$15,765	266 (67%)	$9,387
2015-16	404 (94%)	$15,681	271 (63%)	$9,550
2016-17	464 (99%)	$19,393	328 (70%)	$9,515
2017-18	551 (89%)	$18,896	393 (63%)	$10,321
2018-19	544 (98%)	$21,761	433 (78%)	$8,642
2019-20	640 (99%)	$23,575	406 (63%)	$7,767
2020-21	583 (99%)	$23,936	409 (70%)	$8,240
2021-22	653 (98%)	$23,675	457 (68%)	$8,126
Average	513 (96.89%)	$19,787	360 (68.00%)	$8,963

^*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, 222 (41.78 % of students) received Pell (federal) grants and its average amount is $4,966.

In addition, 78 students received State/local government grants/scholarships (14.56 % 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	176 (45%)	$4,570	79 (20%)	$903	49 (12%)	$3,998	393 (100%)	$12,671
2014-15	157 (39%)	$4,658	51 (13%)	$922	63 (16%)	$4,017	379 (95%)	$13,169
2015-16	171 (40%)	$4,466	64 (15%)	$885	64 (15%)	$4,326	403 (94%)	$12,997
2016-17	193 (41%)	$4,505	96 (21%)	$921	55 (12%)	$4,267	459 (98%)	$17,006
2017-18	238 (38%)	$4,851	119 (19%)	$887	75 (12%)	$3,860	548 (88%)	$16,171
2018-19	242 (44%)	$5,137	106 (19%)	$890	68 (12%)	$4,228	540 (97%)	$18,913
2019-20	278 (43%)	$5,426	108 (17%)	$897	127 (20%)	$4,370	640 (99%)	$20,199
2020-21	245 (42%)	$5,449	151 (26%)	$1,020	102 (17%)	$4,963	578 (98%)	$20,691
2021-22	297 (44%)	$5,631	168 (25%)	$880	103 (15%)	$4,688	648 (97%)	$20,303
Average	222 (41.78%)	$4,966	105 (19.44%)	$912	78 (14.56%)	$4,302	510 (96.22%)	$16,902

^*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, 360 (68.00 % of students) get any students loan help and its average loan amount is $360.

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	277 (70%)	$9,118	276 (70%)	$8,740	11 (3%)	$10,316
2014-15	266 (67%)	$9,387	264 (66%)	$9,050	11 (3%)	$9,795
2015-16	271 (63%)	$9,550	270 (63%)	$9,200	10 (2%)	$10,407
2016-17	328 (70%)	$9,515	328 (70%)	$9,251	8 (2%)	$10,807
2017-18	393 (63%)	$10,321	392 (63%)	$10,050	19 (3%)	$6,137
2018-19	433 (78%)	$8,642	358 (65%)	$8,175	94 (17%)	$8,675
2019-20	406 (63%)	$7,767	398 (61%)	$6,113	104 (16%)	$6,925
2020-21	409 (70%)	$8,240	405 (69%)	$6,004	146 (25%)	$6,428
2021-22	457 (68%)	$8,126	452 (68%)	$5,836	215 (32%)	$5,003
Average	360 (68.00%)	$8,963	349 (66.11%)	$8,047	69 (11.44%)	$8,277

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Scholarships, Grants, and Loan Trends at ORU

All Undergraduate Students Financial Aid Over Time

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