paying for college : scholarship and financial aid information
DESCRIPTION
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 - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/1.jpg)
![Page 2: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/2.jpg)
Paying for College :Scholarship and Financial Aid Information
![Page 3: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/3.jpg)
SCHOLARSHIPS• Merit-based free money
• Apply by submitting complete admission application by Feb. 1
• Application online at go2.ou.edu
![Page 4: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/4.jpg)
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
![Page 5: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/5.jpg)
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
![Page 6: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/6.jpg)
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
![Page 7: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/7.jpg)
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
![Page 8: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/8.jpg)
TALENT-BASED SCHOLARSHIPS
• Athletic, Band, Spirit groups, Fine Arts, etc.
• Requires auditions or portfolios• Audition dates and specific
information on department’s website
![Page 9: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/9.jpg)
OTHER RESOURES
• Fastweb.com• OU Alumni Club Scholarship• Local/community scholarships• Tribal Grants• Hispanic Scholarship Fund (HSF)
![Page 10: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/10.jpg)
FINANCIAL AID
•Grants
•Work Programs
• Loans
![Page 12: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/12.jpg)
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
![Page 13: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/13.jpg)
THE PIN NUMBER• Apply for a PIN NOW!
• www.pin.ed.gov
NOTE: OU’s school code is 003184.
![Page 14: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/14.jpg)
GRANTS
• Free money that doesn’t have to be paid back
• Based on financial need • Ex. Pell Grant, OLAP (Oklahoma’s
Promise), Sooner Promise
![Page 15: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/15.jpg)
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
![Page 16: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/16.jpg)
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
![Page 17: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/17.jpg)
WORK PROGRAMS
•Work Study
•Room and Board Program
• Jobs on campus
![Page 18: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/18.jpg)
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
![Page 19: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/19.jpg)
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
![Page 20: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/20.jpg)
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
![Page 21: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/21.jpg)
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
![Page 22: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/22.jpg)
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
![Page 23: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/23.jpg)
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)
![Page 24: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/24.jpg)
FINANCIAL AID TIMELINE
• File a FAFSA between January 1-March 1 • Receive a Student Aid Report• College receives an electronic report March 1• College sends 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)
![Page 25: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/25.jpg)
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
![Page 26: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/26.jpg)
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.
![Page 27: Paying for College : Scholarship and Financial Aid Information](https://reader035.vdocuments.us/reader035/viewer/2022062422/56813b07550346895da3abad/html5/thumbnails/27.jpg)
QUESTIONS?