Oakwood University
4 Year Degrees
Main Campus
Southeast Region
https://www2.oakwood.edu/
Average Annual Tuition at Oakwood University
The latest data we have for Oakwood University's annual average net costs are from 2021. These costs and and the average Alabama schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
| In-state Tuition | Out-of-state Tuition | Median Debt | Avgerate Net Cost | |
|---|---|---|---|---|
| Oakwood University | $20,040 | $20,040 | $27,000 | $26,953 |
| AL Average | $18,422 | $18,422 | $27,376 | $20,562 |
As you can see, annual costs at Oakwood University have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Alabama as well. Alabama's' higher education costs rose by 72.9% in just the last 10 years, ranking as the 5th highest state.
Oakwood University Financial Assistance
65% of students enrolled at Oakwood University receive some form of Federal loan assistance. You can view Oakwood University's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Alabama offers two 529 plans, the CollegeCounts 529 Fund and the CollegeCounts 529 Fund Advisor Plan. Each Alabama 529 plan is managed by Union Bank & Trust Company, which replaced prior manager Van Kampen during 2010. Both programs feature a menu of investment options utilizing funds from well-known fund companies. Alabama’s prepaid program (PACT) was closed to new enrollments in 2010.
| State Plan Name: | CollegeCounts 529 Plan |
|---|---|
| Minimum Contribution: | $0 |
| Maximum Contribution: | $400,000 in combined account balances for a single beneficiary; balances continue to accrue earnings once you hit that threshold. |
| Fees: | 0.25% asset management fee |
Alabama School Statistics
We've analyzed all other higher education schools in AL, and wrapped it up nicely into a report for you. View our AL analysis report.
There are 25 other accredited private schools located in the state of Alabama. You can view all AL schools here.