OBU offers two kinds of financial aid. Merit based financial aid includes scholarships given to a student on the basis of skills or merit and does not have to be repaid. Academic, performance, and athletic are some of the most common scholarships from schools.
Need based financial aid is based on family income and other things to determine eligibility for this kind of assistance. Federal aid programs which includes grants (gift aid), loans (money which must be repaid) and work-study (part time jobs), make up the majority of this kind of aid.
2012-13 Pell Gender/Ethnicity Statistics
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