OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

East Central University (ECU) Financial Aid and Scholarships 2022

Online Education at ECU

University also offers online degree programs to the students who wish to prefer distance education as it is more flexible and can be completed according to the suitability of their time.

The university offers degree programs for undergraduate as well as graduate courses.
ECU’s online programs consist of eight weeks sessions.
Students can also have access to discussion forums with class

$4,708

Avg. Federal Grant

$4,495

Avg. Federal Loan

$12,924,502

Total Aid Awarded

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East Central University (ECU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$12.925M

Financial Aid Official Website

https://www.ecok.edu/current-students/paying-college/financial-aid

The university tends to bring in the best students and in order to make the educational cost structure more affordable, it provides financial aid to the students who require them. The Griffin Financial Aid Office offers need-based financial aids. You can also receive supplemental funding in addition to the scholarships and grants.

The main requirement for financial aid is to fill the FAFSA form using the ECU FAFSA code 003154.

East Central University, Ada, Oklahoma has provided aid to 67% of the students and the total aid amount received by the student is $12,924,502.

Types of Financial aid provided by the university are:

Grants

Unlike student loans, grants typically do not have to be repaid. It is simply money that financially needy students may qualify for to help pay for educational expenses. This is a great type of financial assistance.

Federal Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.

Federal SEOG

The Federal Supplemental Educational Opportunity Grant is designed to provide additional assistance to students. To be eligible, a student must complete the FAFSA, have the lowest EFC possible, and be enrolled full time. Funding for the SEOG grant is limited, so apply as soon as possible.

OTAG

Oklahoma Tuition Aid Grant is a state-sponsored program designed to help pay tuition costs. To be eligible, a student must be enrolled in at least six hours and be a resident of Oklahoma. Application is made by completing the Free Application for Federal Student Aid (FAFSA).

Tribal Grants

These grants are made available to Native American students with a Certificate of Degree of Indian Blood (CDIB) card. Applicants are required by the various Native American Tribes to submit a FAFSA.

Loans

The Direct Loan Program offers the following types of loans:

Subsidized: for students with demonstrated financial need, as determined by federal regulations. No interest is charged while a student is in school at least half-time, and during deferment periods.
Unsubsidized: not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.
PLUS: unsubsidized loans for the parents of dependent students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.
Consolidation: eligible federal student loans can be combined into one Direct Consolidation Loan.

There are various other types of financial assistance provided to the students and special aids are provided to the veteran soldiers. Explore more about Financial Aids.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

36%

Institution Grant Aid

19%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,708

State Grant Aid

$4,343

Institution Grant Aid

$1,324

Pell Grant

$4,644

As stated above, we see that the students are receiving aid in the form of Federal grant maximum which contributes to an average amount of $4,708 and this amount is received by 52% of the students.

Pell Grants are also received by the same amount of students as that of Federal grants which is 52% but the average amount received in the form of pell grants is little less and comes out to be $4,644.

University also provides institutional grants to the students which are received by only 19% of the students and the average aid amount received is $1,324.

State also provides assistance to the students in the form of state grants with an average amount granted is $4,343 and are benefitted to about 46% of the students.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,394

$30,001 - $48,000

$6,679

$48,001 - $75,000

$3,069

$75,001 - $110,000

$669

Over $110,000

$456

As we all know the fact that the whose income is less which requires more financial help. Here also happens the same. The financial aid is provided based on family income and the family income with less income is provided maximum financial aid and as the income of the family increases the financial aid amount decreases.

If the family income is under $30,000 average aid amount provided is $8,394. Further when the income increases to $30,001 to $48,000 the aid amount reduce to $6,679.

An aid amount of $3,069 is received by the income bracket between $48,001 to $75,000.

Similarly, if the income is between $75,001 to $110,000 the aid amount is further reduced to $669 and it is minimum if the earning is more than $110,000 which is $456.

Student Loans for East Central University (ECU)

Average Loan Amount Average Loan Amount received per year.

$4,604/Year

Students Taking Out Loans

38%

Loan Default Rate

11.6%

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