Ouachita Baptist University Scholarships

OUACHITA FINANCIAL AID

2022-2023 OUACHITA INSTITUTIONAL AID

Students will be considered for the following group of scholarships, grants and discounts based on the student’s acceptance to the university prior to their entering year at Ouachita. These scholarships are awarded until the residential component of the student’s first degree is complete, up to a maximum of 8 semesters. (Semester Scholarship amounts will not be advanced or disbursed early due to completion of the degree in less than 8 semesters.) OBU’s application for admission is required for consideration.

Ouachita Merit Scholarships

(awarded to incoming first-time fall 2022 freshmenbased on the high school GPA through the 7^th semester of study). 2.00 cumulative GPA required to maintain each semester.

President’s Scholarship

$76,000 4-year value ($19,000/year)High school GPA of 4.00 or higher

Founder’s Scholarship

$64,000 4-year value ($16,000/year)High school GPA of 3.85-3.999

Dean’s Scholarship

$56,000 4-year value ($14,000/year)High school GPA of 3.55-3.849

Collegiate Scholarship

$44,000 4-year value ($11,000/year)High school GPA of 3.00-3.549

Opportunity Award

$20,000 4-year value ($5,000/year)High school GPA of 2.00-2.999

Transfer Student Scholarship

(Award based on cumulative transfer GPA at time of acceptance to Ouachita. For Fall 2022 entry.)

$12,500 per year available with a transfer GPA above 3.5
$10,000 per year available with a transfer GPA between 3.0 and 3.49
$7,500 per year available with a transfer GPA between 2.5 and 2.99
$5,000 per year available with a transfer GPA between 2.0 and 2.49
2.0 cumulative GPA required to maintain; available up to 8 semester less prior full-time semesters attended at another institution

National Merit Ouachita Baptist University Scholarship

college sponsor of the National Merit Scholarship Corporation
Annually designates a minimum of three $1000 awards per year to National Merit Finalists.
Finalists must select Ouachita as first choice school with National Merit Scholar Corporation by March 1 to be considered for award
Cannot be chosen for another NMSC or corporate sponsor award

Southern Baptist Church Matching Grant

Up to $500 matched by Ouachita per year ($250 per semester)
Original scholarship must come from any Southern Baptist church with OBU church match grant form included
2022-23 Church Matching Form

Minister’s Child and Spouse Award

$2,000 per year
Available to dependent children and spouses of active, retired or deceased full-time ministers in Southern Baptist churches and current associational missionaries, as well as dependents of chaplains endorsed by the Southern Baptist North American Mission Board and employees of the Arkansas Baptist State Convention in positions that require approval by the Executive Board
2.0 cumulative GPA to maintain

Missionary Dependent Award

$5,000 per year
Renewable over 4 years
Available to U.S. citizens who are dependent students of full-time cross-cultural evangelical missionaries serving outside U.S. and Canada
Can be stacked with merit based aid from the university
Letter verifying service by the sending organization is required
The scholarship is awarded at the discretion of the university, which holds the right to limit the number of discounts offered in any given year
Visit following for more infomation: https://obu.edu/thirdculturekids/

Legacy Award

$1,000 per year
Awarded to students who have at least one parent who attended Ouachita
2.0 cumulative GPA to maintain

Note: The following scholarships, grants and discounts are awarded to students through various application processes or auditions with the appropriate program directors. These scholarships, grants and discounts are awarded for a maximum eight semesters as well.

Tiger Network Leadership Scholarship

$1,000 for first year
2.75/4.0 high school GPA
Recipients will participate in leadership activities
Applicants nominated by Ouachita graduate or alumnus/alumna
Learn more at obu.edu/tigernetwork

Ouachita Student Foundation Scholarship

OSF Scholarships are awarded by a committee of students representing the Ouachita Student Foundation
Only those residential campus students classified as juniors and above (59+ hours) by Fall 2021 may apply for a 2021 OSF Scholarship
If you have previously received an OSF Scholarship you must reapply each year.
Applications are due by 5 p.m. March 7, 2021. Recipients will be notified by mail in April.
Can apply online at obu.edu/osf/osf-scholarships.php

Band Scholarship

Up to $2,000 per year
Awarded based on performance
Must make appointment with Jim Lloyd for an audition: lloydj@obu.edu
2.0 cumulative GPA to maintain

Music Scholarship

School of Fine Arts scholarships awarded based on performance in piano, organ, voice, wind, percussion or stringed instruments, and high school GPA(college GPA for transfer students)
Students who intend to major in music and who successfully audition for a vocal or instrumental scholarship will be offered a Fine Arts Scholarship. Audition information: http://obu.edu/music/audition/
For more information on scholarship auditions, contact Gary Gerber, Division of Music Chair, or call 870-245-5128

Art and Design Scholarship

Up to $3,000 per year
Art Education, Graphic Design and Studio Art
Awarded based on portfolio of work and a brief essay
Application is available at: Art and Design Scholarship Guide & Application
Deadline is 2nd Friday of November annually

Theatre Arts Scholarship (Performing and Designing)

Up to $3,000 per year
Awarded based on an audition, portfolio of work and an interview
Must make appointment with the scholarship: contact Eric Phillips, Professor of Theatre Arts for an audition

Athletic Scholarship

Up to tuition, fees, room and board per year
Stackable with OBU merit scholarship
Offered in baseball, men and women’s basketball, women’s cross country, football, men and women’s soccer, softball, men and women’s swimming, men and women’s tennis, wrestling and volleyball
Individual coaches may be contacted by calling the Athletic Department at (870) 245-5181

Baptist Children’s Home Award

Up to tuition, fees, room and board when combined with any federal aid for which the student is eligible
Awarded to students who are dependents of the Arkansas Baptist Children’s Home
Letter of support from the Director of the Arkansas Baptist Children’s Home and Family Ministries must be submitted to Office of Financial Aid for verification of eligibility
2.0 cumulative GPA to maintain

International Study Scholarship

Funding available for students interested in pursuing an international study program approved by the university
The Director of International Education should be contacted for additional information

Youth Speaker’s Scholarship

$400 to $600 (one year only)
Awarded to winners and runners up of the tournament sponsored by the Arkansas Baptist State Convention
Notification from the state convention needs to be sent to the Office of Financial Aid

Trio Program Scholarship

$1,000 per year
Awarded to outstanding participants in the TRIO program each year
Applications are available in the Trio Programs Office
2.0 cumulative GPA to maintain

Ouachita Baptist University Tuition

How much does it cost to attend?

Sticker Price

$40,200

Fee	Cost
Tuition	$27,280
Books and Supplies	$1,100
Other Fees	$620
Room and Board	$8,000
Other Expenses Budget	$3,200

Annual Prices

The annual list price to attend Ouachita Baptist University on a full time basis for 2018/2019 is $40,200 for all students regardless of their residency. This fee is comprised of $27,280 for tuition, $8,000 room and board, $1,100 for books and supplies and $620 for other fees. Out of state tuition for Ouachita Baptist University is $27,280, the same as Arkansas 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 Ouachita Baptist University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019

$19,962

Family Income	Net Price Paid
$0 to $30,000	$13,042
$30,001 to $48,000	$17,879
$48,001 to $75,000	$20,185
$75,001 to $110,000	$21,443
$110,000+	$22,671

The average reported annual net price for Ouachita Baptist University for students receiving grants or scholarship aid was $19,962 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

98% of full-time undergrad Ouachita Baptist 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 $18,647 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 72% of students received Federal Student Loans averaging $5,469 and 5% of undergrads took out private student loans averaging $11,492.

Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$18,647	98%
Institutional Grants and Scholarships	$16,104	98%
Pell Grants	$4,718	32%
Other Federal Grants	$1,816	8%
State and Local Grants	$1,927	52%
Federal Student Loans	$5,469	72%
Other Student Loans	$11,492	5%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Ouachita Baptist University, we’ve modeled a ten year student loan with an original principal value of $58,852. The loan balance of $58,852 is a four year multiple of the $14,713 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 $562 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	$58,852
Stafford Loan Interest Rate	2.75%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$561.51
Total Interest Paid	$8,529.56
Sum of All Loan Payments	$67,381.56

Projected 4 Year Degree Price

4 Year Sticker Price

$160,800

Year	All Residents
1	$40,200
2	$41,780
3	$43,422
4	$45,128

Based on published tuition prices, we estimate the current cost of a 4 year bachelor’s degree and living expenses at Ouachita Baptist University to be $160,800 – assuming graduation in normal time. The estimation assumes a 3.9% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

	Price Per Credit	3 Credit Class	4 Credit Class
All Residents	$725	$2,175	$2,900

Estimated cost for a class at Ouachita Baptist 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 Ouachita Baptist University versus other colleges.

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