In 2022, tuition for full-time students at Oakland University was $14,025 a year for in-state students and $23,875 a year for out-of-state students.
Usually, colleges raise tuition about 3% each year.
If this makes attending the college of your dreams seem daunting, remember, the displayed price of tuition does not give you enough information to determine the actual cost of attending any given college. Many students find the actual cost of college is far less than the sticker price after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make the amount you do have to pay for college feel more doable until after graduation.
International students can expect to pay 23,875 per year for tuition at Oakland University.
Oakland University is a public, state institution, so it offers a reduced tuition rate of $14,025 for in-state students who attend full-time. For students who are not considered Michigan-residents, out-of-state tuition is $23,875 a year.
Public schools receive funds from the state to help them cover costs. 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. Be sure to verify your state's criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements as well, depending on the state you and your parents currently live in.
Explore other Michigan colleges
Oakland has the same tuition for international students as for those from out of state.
International students at Oakland University can expect to pay around $23,875 per year, before any scholarships, grants or other financial aid.
International students are not eligible for federal financial aid, but may qualify for private or school-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; 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 Oakland.
Room and board at Oakland costs $10,639 a year. This includes the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat all or some of your meals the school dining halls.
Meal-plan costs can depend on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools offer resources for students who may struggle to participate because of cost can find ways to lower or eliminate these fees.
The total cost of getting around in college can really vary. 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 own a car, or are you planning to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation. At Oakland, freshman are allowed to park on campus.
The location of a college or university can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city is sometimes pricey, but there may be more buses, trains or affordable flights to actually get to school. Oakland Universityis in a suburban setting in Michigan, not far from Detroit.
When estimating your budget for college, be sure to leave some room in your budget for personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Oakland.
What will the cost of attending Oakland be? Here is a breakdown of tuition and expenses.
2022 Total Tuition and Expenses | |
---|---|
In-state Tuition | $14,025 |
Out-of-State Tuition | $23,875 |
Room and Board | $10,639 |
Other expenses | $2,634 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
The majority of Oakland University undergrads use financial aid to finance their education. In 2022, 7,145 of the 13,771 undergrads enrolled received financial aid. Oakland meets 42.9% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $12,266 a year. Around 56% of Oakland undergrads take out student loans to cover any remaining costs. Oakland graduates who have student loans graduate with an average of $25,003 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $22,389 |
Private Loans | $21,347 |
Most Common Loans for Oakland Students | |
---|---|
Federal Loans | 55% |
Private loans | 8% |
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 Oakland 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, Oakland awarded 4,954 need-based scholarships to students, giving away total of $39.2 million to help students with financial need cover the cost of school. An additional $35.08 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 Oakland 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 Oakland was $12,266 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Oakland seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
In-State, On-Campus | $3,566 |
Net In-state, Off-campus | $2,559 |
Out-of-State, On-Campus | $25,682 |
What will attending Oakland 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Oakland'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.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
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Tuition & Fees
$25,159
In State$35,374
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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