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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

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slide3

SCHOLARSHIPS

  • Merit-based free money
  • Apply by submitting complete admission application by Feb. 1
  • Application online at go2.ou.edu
slide4

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
slide5

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
slide6

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
slide7

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
slide8

TALENT-BASED SCHOLARSHIPS

  • Athletic, Band, Spirit groups, Fine Arts, etc.
  • Requiresauditions or portfolios
  • Audition dates and specific information on department’s website
slide9

OTHER RESOURES

  • Fastweb.com
  • OU Alumni Club Scholarship
  • Local/community scholarships
  • Tribal Grants
  • Hispanic Scholarship Fund (HSF)
slide10

FINANCIAL AID

  • Grants
  • Work Programs
  • Loans
slide12

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
slide13

THE PIN NUMBER

  • Apply for a PIN NOW!
  • www.pin.ed.gov

NOTE: OU’s school code is 003184.

slide14

GRANTS

  • Free money that doesn’t have to be paid back
  • Based on financial need
  • Ex. Pell Grant, OLAP (Oklahoma’s Promise), Sooner Promise
slide15

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
slide16

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
slide17

WORK PROGRAMS

  • Work Study
  • Room and Board Program
  • Jobs on campus
slide18

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
slide19

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
slide20

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
slide21

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
slide22

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

slide23

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)
slide24

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)
slide25

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
slide26

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.