Many students still refer to the institution as OSU, an acronym for the former name.

The university had a total output of 10,291 graduates and 1,697 postgraduates.

[1] Also, the University provides an opportunity for students to pursue quality education at a low cost, as it charges minimal tuition fees compared to other institutions.

The Main Campus in Ago-Iwoye is popularly called Permanent Site (PS) by the students and a Mini Campus which was the home of the Faculty of Science until it was moved to the permanent site in January 2013.

Students and alumni of the Olabisi Onabanjo University are addressed as ‘Great OOUITES.’ Information and activities amidst Students are communicated through the school's portal as well as notable privately owned magazines/ social media handles such as 'OOU Fola', 'OOU Media' 'OOU Campus Mirror' 'OOU Press Club', 'OOU Update', 'OOU Gazette', 'OOU Premium', 'OOU Parrot', 'Inside OOU magazine', 'OOU Vanguard', 'OOU Voice',‘Omo olabisi’ and a few others.

The mini campus OOU, Centre for Continuous Education (CCED) is now the pre-degree studies unit, Diploma and Jupeb while the main campus is the heart of undergraduate programs.