Federal Financial Aid
Federal Aid Programs
- Pell Grants (up to $6,345)
- Work-Study ($1,000-$2,000)
- Supplemental Educational Grant ($1,000)
- Direct Student Loans (up to $7,500; up to $12,500 for Independent Students) – Student should accept these loans (if needed) and complete the requirements for them at studentaid.gov by August 1, 2021 to ensure access to funds by first payment due date.
- Direct Parent Loan (PLUS) (full cost of attendance as defined by Department of Education, less other aid) – Application for Parent PLUS Loan opens May 1, 2021. To ensure access to loan funds by first payment due date, a parent should apply for the loan and complete a Parent PLUS Master Promissory Note by August 1, 2021.
- TEACH Grant – If interested see form: Teach Grant Request Form (up to $4,000)
There are also Alternative Private loans available for further financial help in paying for college. You can find information on Alternative loans at www.fastproducts.org/choice/obu. If pursuing an alternative loan, it is recommended that this loan be applied for by August 1, 2020 to ensure access to funds by first payment due date. We encourage families to pursue federal loan programs first.
How to Apply
Apply for federal aid listed above by completing the Free Application for Federal Student Aid online at www.studentaid.gov. Applications for the coming school year become available after October 1 each year. You must reapply each year. Applications received prior to May 1 receive funding priority. (2019 income information is required for the 2021-22 application.)
- Help for filling out the FAFSA
- Understand terms and definitions related to Financial Aid
- Am I eligible to receive financial aid?
The Higher Education Amendments require the university to define and enforce standards for satisfactory academic progress to encourage students to successfully complete degree requirements within 4 years (8 semesters).