How Financial Aid Works
Need help understanding financial aid? Start here...
Financial Aid at Occidental hinges on the idea that parents and students are primarily responsible for paying for college to the extent which they are able. After evaluating each family's ability, Oxy puts together a package of grants, scholarships, work programs, and student loans to meet a student's full demonstrated need.
If your parents are divorced/separated, Occidental also considers the EFC of your noncustodial parent when determining overall financial need. This information is collected through the Noncustodial Parent PROFILE.
Your EFC is determined by (but not limited to) some of the following factors:
- Parental Income (taxed and untaxed)
- Parental Assets (cash, savings, stocks, bonds, 529 accounts, equity on real estate property, etc.)
- Household Size
- Number of children enrolled full-time in an undergraduate program
- Student Income (taxed and untaxed)
- Student Assets (cash, savings, trust funds, UTMA/UGMA investments, etc.)
The full cost of attending Occidental involves more than tuition, fees, room and board. Books, supplies, transportation, and personal expenses are also considered. To determine your eligibility for financial aid, we subtract your EFC from the total cost of attendance (COA).
COA - EFC = Financial Need
Your Tentative Award
At Occidental, most first-year students are awarded $5,700 in need-based loans and $3,100 in work study. Any remaining need is met with grants and scholarships.
We encourage you to use our Net Price Calculator for an idea of the financial aid awards you could receive if you attend Oxy.
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