1 / 27

Paying for College : Scholarship and Financial Aid Information

Paying for College : Scholarship and Financial Aid Information. SCHOLARSHIPS. Merit-based free money Apply by submitting complete admission application by Feb. 1 Application online at go2.ou.edu. SCHOLARSHIPS. Tuition Waivers: Designated money to apply toward tuition

tangia
Download Presentation

Paying for College : Scholarship and Financial Aid Information

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Paying for College :Scholarship and Financial Aid Information

  2. SCHOLARSHIPS • Merit-based free money • Apply by submitting complete admission application by Feb. 1 • Application online at go2.ou.edu

  3. SCHOLARSHIPS • Tuition Waivers: • Designated money to apply toward tuition • May not be used for fees, books, R&B • Cash Awards: • Money which can be used in any area • May be paid directly to the student or to the University in the student’s name • Can stack

  4. ACADEMIC SCHOLARSHIPS • Based on SAT or ACT Scores, GPA, and Class Rank • Automatic – will be awarded shortly after admission • Begin at 28 ACT/3.5 GPA = $1,500 • Can be up to $34,000 + laptop allowance • Boren Award : apply early with 26/3.6

  5. LEADERSHIP AND COMMMUNITY SERVICE SCHOLARSHIPS • Based on short answer essays from the admission application • President’s Leadership Class - $2,250 • President’s Community Scholars - $1000 • Very competitive, get to know your recruiter • Can update essays until Feb. 1deadline

  6. DEPARTMENTAL SCHOLARSHIPS • Based on combination of short answer essays and GPA/ACT scores • Amount and availability vary by department • More scholarships for upperclassmen • Additional info on department’s websites

  7. TALENT-BASED SCHOLARSHIPS • Athletic, Band, Spirit groups, Fine Arts, etc. • Requiresauditions or portfolios • Audition dates and specific information on department’s website

  8. OTHER RESOURES • Fastweb.com • OU Alumni Club Scholarship • Local/community scholarships • Tribal Grants • Hispanic Scholarship Fund (HSF)

  9. FINANCIAL AID • Grants • Work Programs • Loans

  10. FAFSAFree Application for Federal Student Aid www.fafsa.ed.gov

  11. FAFSA ON THE WEBwww.fafsa.ed.gov • Fastest way to apply for financial aid– save up to 4 weeks of processing time • Application process now paperless with PIN • Web-based FAFSA applications signed with PIN numbers are almost never rejected

  12. THE PIN NUMBER • Apply for a PIN NOW! • www.pin.ed.gov NOTE: OU’s school code is 003184.

  13. GRANTS • Free money that doesn’t have to be paid back • Based on financial need • Ex. Pell Grant, OLAP (Oklahoma’s Promise), Sooner Promise

  14. OHLAP (OKLAHOMA’S PROMISE) • Pays for tuition – More than $35,000 for four years of college • Must have qualified in 8th-10th Grade with family income of less than $50,000 • Current family income must be less than $100,000

  15. SOONER PROMISE • OU-only OHLAP “matching” program • Set amount to assist with fees and books • Comprised of Pell Grant, OTAG, scholarships, etc. • No additional funding for Sooner Promise

  16. WORK PROGRAMS • Work Study • Room and Board Program • Jobs on campus

  17. WORK STUDY • Need-based, determined by your FAFSA • Guaranteed a job on campus • Work 10-20 hours per week • Receive normal paycheck and use money as you wish • Apply/interview for jobs through jobs.ou.edu

  18. ROOM AND BOARD PROGRAM • Apply on OU Housing website • Work 18+ hours per week for OU housing or food service • Pays for full housing and food costs • Very selective

  19. JOBS ON CAMPUS • Find and apply via jobs.ou.edu • Hours and pay-rates vary • Any student can qualify • Convenient and work around OU calendar

  20. LOANS • Money for college that you do have to pay back • Up to $22,000 per year at OU • Begin repayment after 6 month grace-period after finishing or leaving college

  21. FEDERAL LOANS • Subsidized -Need based -Government pays interest while in school • Unsubsidized -NOT need based -Most students can qualify -Accrues interest while you are in school

  22. OTHER LOANS • PLUS (Parent Loan for Undergrad Student • – Unsubsidized • – Will check parents credit • Institutional Loans • Awarded by OU • Paper application (apply beginning in May/June)

  23. FINANCIAL AID TIMELINE • File a FAFSA between January 1-March 1 • Receive a Student Aid Report • College receives an electronic report March 1 • Collegesends you financial aid information via your college email address in March/April • Submit additional verification items • Corrections may have to be made (Most schools do these electronically for you)

  24. TIPS FOR SUCCESS • Start the process early! • If you are not sure how to fill out the application or paperwork call and ask! • Check your University email account and read all emails carefully • Make copies of all documentation before sending them to financial aid

  25. WHY? • College in an investment that increases in value – earn over $1,000,000 more than those with only HS degrees throughout your lifetime • Knowledge and a college degree can never be taken away from you! • Compared to other Oklahoma colleges and universities, OU graduates earn the highest starting salaries in the state - $44,000 per year on average.

  26. QUESTIONS?

More Related