Oakwood University

In 2002, tuition for full-time students at Oakwood University was $18,974 a year.

Tuition was the same price in 2023 as it was the year before. On average, college tuition rises about 3% year.

If this makes attending the college of your dreams seem daunting, remember, the total cost of tuition isn't the final cost for attending college. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college more manageable until you're done with college.

Oakwood University meets 77% of the demonstrated financial need for undergraduates. First-year students that attend Oakwood University full-time are awarded $5,800 a year in financial aid, on average.

Graduates in the class of 2023 had an average of $15,000 in student loans per borrower.

Does Oakwood University Offer In-State and Out-of-State Tuition?

Oakwood University is a private, religious institution, which means it has the same tuition for residents of Alabama as it does for students who live in other states.

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 an insitution where you qualify for the reduced tuition offered to state residentscan save significant money on the total cost of attending college. Don't forget to confirm your state's eligibility criteria for as an in-state resident. 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 other criteria too, depending on the state you and your parents currently live in.

Explore other Alabama colleges

Tuition for International Students at Oakwood University

Tuition at Oakwood University is the same for all students.

International students are not eligible for federal financial aid, but may qualify for private or school-specific grants, scholarships, and other funding opportunities.

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Oakwood University Living Expenses, Fees, and More

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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.

Room and Board Costs at Oakwood University

Housing and campus dining at Oakwood University is $10,050 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the Oakwood University's on-campus cafeterias and dining facilities.

Meal-plan costs may vary depending on how many meals are included in the plan you choose.

Cost of Books at Oakwood University

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 books from students who have already taken the course.

Annual Fees

The majority of colleges also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have ways for students with financial need to find ways to lower or eliminate these fees.

Planes, Trains, and Automobiles: Transportation costs at Oakwood University

The cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these factors can drastically impact your estimated cost of transportation.

The location of a college or university can also have a big effect on 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 an urban area might be pricey, but cities may offer more trains, busses or affordable flights to actually get to school. The Oakwood University campus is in a in Alabama.

Other Costs

When budgeting for college, be sure to leave some room in your budget for the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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Financial Breakdown for Oakwood University

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Now, let’s go over all of the costs we've covered, to get a better idea of how much students can expect to shell out for Oakwood University.

Total Cost of Oakwood University

What will the cost of attending Oakwood University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$18,974
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
On-Campus	$30,940
Off-Campus	$20,890

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.

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Financial Aid at Oakwood University

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The majority of Oakwood University undergrads use financial aid to help pay for school. In 2023, 1,422 of the 1,994 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 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.

Scholarships at Oakwood University

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 2023, 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.

Oakwood University Net Cost

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 2023. 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
On-Campus	$25,140
Off-Campus	$15,090

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 get a better idea of 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.

Oakwood University Tuition Payment Plans

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.

Does Oakwood University Offer Tuition Waivers?

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 if you qualify for a 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.

Oakwood University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

For more information about Oakwood University's endowment, check with the school directly.

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Learn More About Oakwood University

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