Oakwood's tuition & fees has increased from $16,720 (2014) to $21,838 (2024), and the rate of tuition increase is 30.61% over the past 10 years. The graduate school tuition & fees has raised from $14,468 (year 2014) to $14,516 (year 2024).
The 2024 tuition & fees have risen more than 5% this year (2024) at Oakwood University.
Oakwood's tuition increase rate is lower than the Alabama's average increase rate of 31.86%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 13.07% from 2014 ($35,750).
For the current academic year 2023-2024, Oakwood's COA is $40,422, which is increased by 4.66% from last year.
The following table and chart show changes to Oakwood's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 30.61% for the last 10 years , and the 2024 tuition & fees are $21,838. The following table and chart show the tuition & fees changes at Oakwood University over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,200, and it has decreased -16.67% from the year 2014 to 2024.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,440 | - |
|---|
| 2015-16 | $1,440 | |
|---|
| 2016-17 | $1,440 | |
|---|
| 2017-18 | $1,440 | |
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| 2018-19 | $1,440 | |
|---|
| 2019-20 | $1,500 | 4.17% |
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| 2020-21 | $1,200 | -20.00% |
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| 2021-22 | $1,200 | |
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| 2022-23 | $1,200 | |
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| 2023-24 | $1,200 | |
|---|
Living Costs Changes
The living costs including room, board, and other living expenses have increased -1.79% when a student lives on-campus facilities and 17.93% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Oakwood University.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $17,590 | $16,050 | - |
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| 2015-16 | $17,590 | $16,050 | |
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| 2016-17 | $17,590 | $16,050 | |
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| 2017-18 | $17,590 | $16,050 | |
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| 2018-19 | $17,590 | $16,050 | |
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| 2019-20 | $16,274 | $16,274 | -7.48% |
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| 2020-21 | $16,174 | $16,174 | -0.61% |
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| 2021-22 | $17,374 | $21,210 | 7.42% |
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| 2022-23 | $17,384 | $21,210 | 0.06% |
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| 2023-24 | $17,384 | $21,310 | |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Oakwood University and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Oakwood University | $21,838 | $20,040 | 8.97% |
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|
| Samford University | $38,144 | $36,725 | 3.86% |
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|
| Faulkner University | $23,920 | $23,920 | - |
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|
| Tuskegee University | $23,440 | $22,614 | 3.65% |
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|
| University of Mobile | $26,120 | $25,780 | 1.32% |
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|
| Miles College | $12,714 | $12,714 | - |
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