#7 Best Private Colleges in Alabama

Oakwood University Tuition & Cost

Huntsville, Alabama

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How much does it cost to attend?

Sticker Price
Costs for Oakwood University
Fee Cost
Books and Supplies$1,500
Other Fees$1,016
Room and Board $9,374
Other Expenses Budget$6,900

Annual Prices

The annual list price to attend Oakwood University on a full time basis for 2018/2019 is $37,764 for all students regardless of their residency. This fee is comprised of $18,974 for tuition, $9,374 room and board, $1,500 for books and supplies and $1,016 for other fees. Out of state tuition for Oakwood University is $18,974, the same as Alabama residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Oakwood University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Oakwood University
Family Income Net Price Paid
$0 to $30,000$23,726
$30,001 to $48,000$21,356
$48,001 to $75,000$25,238
$75,001 to $110,000$25,350

The average reported annual net price for Oakwood University for students receiving grants or scholarship aid was $23,398 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

100% of full-time undergrad Oakwood University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $13,744 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 74% of students received Federal Student Loans averaging $6,106.

Finanical Aid Oakwood University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $13,744 100%
Institutional Grants and Scholarships $10,880 99%
Pell Grants $4,930 55%
Other Federal Grants $2,031 13%
State and Local Grants $905 6%
Federal Student Loans $6,106 74%
Other Student Loans $5,500 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Oakwood University, we've modeled a ten year student loan with an original principal value of $101,556. The loan balance of $101,556 is a four year multiple of the $25,389 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $969 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $101,556
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $968.96
Total Interest Paid $14,718.75
Sum of All Loan Payments $116,274.75

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $37,764
2 $39,331
3 $40,963
4 $42,662

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Oakwood University to be $151,056 - assuming graduation in normal time. The estimation assumes a 4.1% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Oakwood University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $767 $2,301 $3,068

Estimated cost for a class at Oakwood University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Oakwood University versus other colleges.

Tuition Payment Plans Available

Oakwood University Payment Plans
Tuition Payment Plan No
Prepaid Tuition Plan No
Alternative Tuition Plan No
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=101912 IPEDS survey data for Oakwood University.