Financial Services

 

OUHSC Campus
OU TULSA Campus
OU NORMAN Campus

General Accounting

Federal, State, and Institutional Programs

Deadline: Unless otherwise noted, the suggested target date for filing the FAFSA is March 1st. Applications submitted after that date will be subject to available funds.

Federal Programs

State Programs

Institutional Programs

 


 

 

FEDERAL PELL GRANT
A Federal Pell Grant is for undergraduate students who have not received bachelor's degree, and display financial need based on the Estimated Family Contribution (EFC), calculated on the FAFSA. Awards range from $605 to $5,645 per year.

FEDERAL SEOG (Supplemental Educational Opportunity Grant)
A Federal SEOG award is for undergraduate students with demonstrated financial need. The average award is $1,000 per year. Funds are awarded first to students who are Pell eligible with the lowest family contribution, then to those who are not Pell eligible.

FEDERAL PERKINS LOAN
All students apply when the FAFSA is filed. Must demonstrate financial need. The interest rate is 5% simple interest. Payment & interest begins nine months after graduation or reduction of enrollment below half-time (grace period 9 months). Awards range up to $4,000 per year. Funds are offered on a first-come, first-served basis.

If you are not offered the Perkins Loan funds in your initial award package, but are interested, contact us about be added to our waiting list.

FEDERAL DIRECT SUBSIDIZED LOAN PROGRAM
Undergraduate students must be enrolled at least half-time to receive a semester's disbursement and must show financial need. For loans first disbursed on or after July 1, 2012 and before July 1, 2014, interest accrual begins immediately upon graduation or when your enrollment falls below half-time.  For loans first disbursed prior to July 1, 2012 and on or after July 1, 2014, interest accrual begins 6 months following graduation or when your enrollment falls below half-time.  For all Subsidized loans, principal repayment begins 6 months following graduation or when your enrollment falls below half-time.

Details regarding the interest rate and origination fee can be found here.

First time borrowers will need to complete Entrance Counseling and complete a Master Promissory Note. Both can be completed here.

FEDERAL DIRECT UNSUBSIDIZED LOAN PROGRAM
You must be enrolled at least half-time to receive each semester's disbursement. Interest starts accruing immediately, and you can either pay it while in school or allow it to accrue. Repayment begins 6 months after graduation or when your enrollment falls below half-time.

Details regarding the interest rates and origination fee can be found here.

First time borrowers will need to complete Entrance Counseling and complete a Master Promissory Note. Both can be completed here.

FEDERAL DIRECT PARENT PLUS LOAN PROGRAM
Parents of dependent undergraduate students can borrow Federal Direct Parent Plus loan funds on behalf of their student. The parent is the borrower of these funds, not the student. Parents of independent children or who have children in graduate or professional program are not eligible for Parent Plus loans.  Approval for the Parent Plus loan requires a credit check to verify a lack of adverse credit. In the case of insufficient credit, a creditworthy cosigner will be required.

The Parent Plus loan is a federal loan. Interest begins to accrue immediately. Repayment begins immediately, but during the application process, the applicant can indicate the desire to defer payments while the student is enrolled at least half-time.  For existing loans, borrowers can contact the loans' servicers regarding in-school deferment options while your students is enrolled at least half-time. Your student must be enrolled at least half-time to receive each semester's disbursement.

Details regarding the interest rate and origination fee can be found here.

Parents interested in applying for a Federal Direct Parent Plus loan can apply here.

FEDERAL DIRECT GRADUATE PLUS LOAN PROGRAM
Federal Direct Grad Plus loan applicants must have completed a Free Application for Federal Student Aid (FAFSA). Approval for Grad Plus loans requires a credit check to verify a lack of adverse credit. In the case of insufficient credit, a creditworthy cosigner will be required.

The Grad Plus loan is a federal loan and can be consolidated with other federal debt upon graduation. Interest begins to accrue immediately. Repayment begins immediately, but in-school deferment will occur when your enrollment status is reported as at least half-time. Contact your loan servicer(s) for information regarding the possibility of deferring payments during the 6 months following graduation or when your enrollment drops below half-time. You must be enrolled at least half-time to receive each semester's disbursement.

Details regarding the interest rate and origination fee can be found here.

First time borrowers will need to complete Entrance Counseling and complete a Master Promissory Note. Both can be completed here.

NURSING STUDENT LOAN
Undergraduate nursing students are eligible to apply; must show financial need by completing a valid FAFSA; must be enrolled full-time, and must be eligible for financial aid. The interest rate is 5%, beginning, along with principal repayment, 9 months following graduation. Awards range up to $4,000 per year.

Funds are offered on a first-come, first-served basis. If you are not offered the Nursing Student Loan in your initial award package, but are interested, contact us about be added to our waiting list.

HEALTH PROFESSIONS STUDENT LOAN (HPSL)
The Health Professions Student Loan is available to dental or pharmacy students. Applicants MUST provide parents' financial information on the FAFSA in order to be considered. Parental information is required for both dependent and independent students. Students may need to submit a copy of parents' tax return. Students must be enrolled full-time. The interest on HPSL is 5% fixed interest beginning, along with principal repayment, 12 months following graduation. Interest and principal payments are deferred during internship/residency. Awards range up to $9000 per year.

Funds are offered on a first-come, first-served basis. If you are not offered the Health Professions Loan in your initial award package, but are interested, contact us about be added to our waiting list.

PRIMARY CARE LOAN
Only medical students are eligible to apply. The Primary Care Loan can be taken out during the student's fourth year of medical school to pay off other loans. Recipients of the PCL are expected to enter a residency program in primary care and eventually practice in such care until the loan is paid. Primary health care includes family medicine, general internal medicine, general pediatrics, preventive medicine, or osteopathic general practice. Applicants must provide parents' financial information on the FAFSA. If a medical student fails to eventually enter the primary health care field, the loan balance will be recomputed from the date of issuance at an interest rate of 18% per year, compounded annually. For more information, please see the Department of Health and Human Services website by clicking here.

OKLAHOMA TUITION AID GRANT (OTAG)
Students must be a legal resident of Oklahoma and enrolled in at least six hours, pursuing an undergraduate degree. Students cannot have a previous bachelors degree.  OTAG awards are determined by the Oklahoma State Regents based on information from the FAFSA. The Regents Office notifies students and OUHSC of eligibility.

Students are urged to file a FAFSA as soon as possible after January 1, as funds are limited and awarded on a first-come, first-served basis.  Generally applicants who meet all criteria, and file by March 1 will be awarded OTAG. 
Currently the Estimated Family Contribution (EFC) cutoff is 1700.

OKLAHOMA'S PROMISE
Eligible Oklahoma students enroll in the Oklahoma's Promise program in the 8th, 9th, or 10th grade if their family's income is $50,000 or less at the time the student applies. There will be a second income verification at the time the student begins college that may not exceed $100,000. Oklahoma's Promise students must take specific courses in high school, must maintain good grades, and must stay out of trouble. Students receiving Oklahoma's Promise will receive free tuition at the Oklahoma institution they choose to attend.

Students receiving Oklahoma's Promise need to contact our office by phone, by email, or visit the office to let us know. We will then verify your eligibility with the Oklahoma State Regents for Higher Education. On average, the earliest these funds can be disbursed will be one month after the beginning of each term.

LEW WENTZ LOAN
All students are eligible to apply and must demonstrate financial need by completing a valid FAFSA, must be enrolled full time, and must be eligible for financial aid. The Lew Wentz Loan requires a cosigner, who is not a student or spouse, and earns at least $35,000. The interest rate is 5%. Interest must be paid every July. For any semester a student receives a 4.0, interest for that semester will be waived. Borrowers are entitled to a 6 month grace period before beginning repayment upon graduation or when enrollment drops below half-time. Awards range up to $5,000 per year.

Funds are offered on a first-come, first-served basis. If you are not offered the Lew Wentz Loan funds in your initial award package, but are interested, contact us about be added to our waiting list.