Hey all! I'm considering University of Oregon as one of my top choices, but I'm a little stressed about the financial aspect. Does anyone have experience or advice on how Oregons financial aid process works and how generous they typically are?
University of Oregon practices need-based financial aid system. This means that your financial aid package will be calculated based on your family's financial situation. This will be primarily determined through the FAFSA, which you'll need to fill out to be considered for financial aid.
In terms of generosity, about 85% of their undergraduates receive some form of need-based financial aid. The average financial aid package is around $14,000. However, keep in mind that this figure includes both grants and loans, and the mix of these would depend on your specific financial situation.
The University of Oregon also offers a number of scholarships. The Stamps Scholarship is their most prestigious scholarship, covering full tuition, room and board, and a $12,000 enrichment fund for out-of-state students. However, it is highly competitive. There are also a number of scholarships for both in-state and out-of-state students, some merit-based and some need-based.
It's important to note that estimating how much aid you'll receive can often be complex due to the wide range of factors considered. I'd recommend using University of Oregon's Net Price Calculator (https://financialaid.uoregon.edu/net_price_calculator) to get a more accurate estimate based on your personal circumstance.
Remember, it's always a good idea to apply for external scholarships as well to bring down your costs further. Starting earlier can help increase your chances of securing more scholarships. There are multiple resources available for finding suitable scholarships, CollegeVine's blog on scholarships being one example to start with.
No matter what, make sure you have an open dialogue with your family about what you can afford, and consider having a backup plan in the event that your aid package isn't as generous as you'd hoped it would be.
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