Occidental College Financial Aid and Scholarships
Students Receiving Aid
70%
Total Aid Amount
$49.657M
Financial Aid Official Website
https://www.oxy.edu/admission-aid/financial-aid
Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. It is interesting to note that, every year, around 75% of students at OC receive some kind of financial aid, while the total amount of assistance/loans provided is $5,053,790. One can visit OC's financial aid page at https://www.oxy.edu/admission-aid/financial-aid for more information. The total percentage of candidates applying to Occidental College who receive the Federal Grant is 20%. In comparison, 72% of the students are awarded the Student Grant, 72% get the Institution Grant, and 20% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,787, and the same stands at $9,084 for State Grant awardees and $35,529 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,697. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $54,869 on average in a year. The average aid amount stands at $53,883 for an annual family income between $30,001 and $48,000. This amount comes to $49,533 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $39,858. And, for those with a family income of more than $110,000, the amount stands at $27,072. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At OC, an estimated number of 48% of the applicants choose to go for student loans.
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