In 2022, Oakwood University's tuition was $18,974 a year.
Tuition was the same price in 2022 compare to the year before. On average, college tuition rises about 3% year.
If this makes attending the college of your dreams seem daunting, remember, the displayed price of tuition does not give you all the info you need to know how much you will actually have to pay for college. Many students owe much less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college feel more doable until you've finishing school and found a job.
Oakwood University is a private, religious institution, so it has the same tuition for students from Alabama as it does for residents from other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to verify your state's rules for in-state tuition. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements as well, depending on the state you and your parents currently live in.
Explore other Alabama colleges
Tuition at Oakwood University is the same for each student.
International students usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or Oakwood University-specific grants, scholarships, and other funding opportunities..
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Oakwood University.
Housing and campus dining at Oakwood University costs $10,050 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat all or some of your meals the Oakwood University's on-campus cafeterias and dining facilities.
Meal-plan costs can depend on the numnber of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools offer ways so that those who may struggle to participate because of cost can get help covering these fees.
The total cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation.
The location of a college or university can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city is often costly, but there may be more trains, busses and low-cost flight options to actually get to school. The Oakwood University campus is in a in Alabama.
When budgeting for college, don’t forget to factor in the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for Oakwood University.
What will the cost of attending Oakwood University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$10,050|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Oakwood University undergrads use financial aid to finance their education. In 2022, 1,422 of the 1,824 undergrads enrolled received financial aid. Oakwood University meets 77% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $5,800 a year. Around 70% of Oakwood University undergrads take out student loans to cover any remaining costs. Oakwood University graduates who have student loans graduate with an average of $15,000 of student loan debt.
|Most Common Loans for Oakwood University Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Oakwood University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Oakwood University awarded 1,391 need-based scholarships to students, giving away total of $2.5 million to help students with financial need cover the cost of school. An additional $1.69 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Oakwood University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Oakwood University was $5,800 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Oakwood University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Oakwood University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Oakwood University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Oakwood University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Oakwood University has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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