Help Paying off student loan debt Oxford

July 17, 2017
Student-Loan Repayment

Most students do not pay the advertised sticker price of a school. Instead they are typically offered a financial aid package that includes a combination of scholarships, grants, loans and work study. See what type of financial aid you can expect from Miami University - Oxford.

You'll find the answers to the following questions on this page.

How Much Financial Aid is Available?

Miami University - Oxford's average financial aid package for incoming freshmen is $17, 762. Approximately 66.0% of incoming students receive some form of financial assistance, the majority of which is in the form of scholarships and grants

College Discounts

Financial aid helps reduce the cost, or the 'sticker' price of the college. However, be aware that the only true discounts off the cost of college are in the form of grants and scholarships.

What About Loans?

We feel that loan debt should be thought of as an "outcome" rather than as "aid" or a "discount".

Freshmen Average $17, 762 in Scholarships & Grants From the College

These scholarships and grants are primarily provided by the college itself. In fact, 2, 315 incoming freshmen were awarded scholarships at Miami University - Oxford, averaging $9, 546. This ranks in the top 40th percentile of all colleges nationwide.

In addition to scholarships, 448 students were awarded federal grant aid, averaging $4, 526 each.

Grants vs. Scholarships

Grants are typically need-based; scholarships merit-based.

The chart below shows the average amount of scholarship and grant aid distributed to all freshmen.

The table below shows grant and scholarship distributions by income level for freshman students receiving any form of federally-funded Title IV assistance, including Federal PLUS loans.

Title IV Aid

The table on the left only shows students who are receiving Title IV aid which is federal aid from the government in the form of loans, grants or work study. Learn more.
Source: www.collegefactual.com
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