Financial Services

OUHSC Campus
OU TULSA Campus
OU NORMAN Campus

General Accounting

FAFSA

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 PELL GRANT
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 $555 to $5,550 per year.

FEDERAL SEOG (Supplemental Educational Opportunity Grant)
Student must be an undergraduate with demonstrated financial need.
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.

OTAG (Oklahoma Tuition Aid Grant)
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 made 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.

GREENBERG SCHOLARSHIP
Eligible student include undergraduates and graduates who are in financial need because of a chronic neurological illness in the family. A letter from an attending physician stating the neurologica disorder of the family member or the student must be submitted to the Financial Aid Office to be considered for the scholarship. Letters of application, with accompanying documents, are accepted February 1 through June 30 prior to each academic year.

LA VERNE NOYES SCHOLARSHIP
Undergraduate students who are blood descendants of those who served overseas in WWI prior to November 11, 1918, or who entered the service prior to May 11, 1918 are eligible to apply. Students must show academic merit and financial need. This scholarship provides for $300 per semester. Student must submit copies of veteran's discharge papers as well as birth certificates establishing blood relationship. Letters of application, with accompanying documents, are accepted February 1 through June 30 prior to each academic year.

TUITION WAIVER
All students apply by completing FAFSA. All eligible students will be considered each year as long as they remain in good academic standing.

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.

LEW WENTZ LOAN
All students are eligible to apply and must demonstrate financial need and must be enrolled full time. The Lew Wentz Loan requires a co-signer. 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. Loan principal repayment begins the 4th month after graduation. Awards range up to $5,000 per year.

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.

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.

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

FEDERAL DIRECT SUBSIDIZED LOAN PROGRAM
You must be enrolled at least half-time to receive a semester's disbursement and must show financial need. Interest accrual and principal repayment begin 6 months following graduation or when your enrollment falls below half-time.

Direct Loan borrowers are charged an origination fee of 1.0%. However, a rebate fee will be added back into the loan proceeds, resulting in a net of 0.5% in fees deducted from the loan funds sent to the school. Borrowers will retain the rebate once they enter repayment and make their first 12 payments on time.

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

For undergraduate students: the interest rate on Federal Direct Subsidized loans with a first disbursement before July 1, 2011 is fixed at 4.5%. The interest rate on Federal Direct Subsidized loans with a first disbursement on or after July 1, 2011 is fixed at 3.4%.
For graduate/professional students: the interest rate on Federal Direct Subsidized loans is fixed at 6.8%.

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.

Direct Loan borrowers are charged an origination fee of 1.0%. However, a rebate fee will be added back into the loan proceeds, resulting in a net of 0.5% in fees deducted from the loan funds sent to the school. Borrowers will retain the rebate once they enter repayment and make their first 12 payments on time.

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

For all students: the interest rate on Federal Direct Unsubsidized loans is a fixed 6.8%.

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 at a fixed rate of 7.9%. Repayment begins immediately, but borrowers can contact your loans' servicer 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.

Federal Direct Parent Plus loan borrowers are charged a 4.0% origination fee. However, a 1.5% rebate will be added back into the loan proceeds, resulting in a net of 2.5% in fees deducted from the loan funds sent to the school. Borrowers will retain the rebate once they enter repayment and make their first 12 payments on time.

First time borrowers will need to complete Entrance Counseling and complete a Master Promissory Note. Both can be completed 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 Federal Direct Grad Plus loan is a federal loan and can be consolidated with other federal debt upon graduation. Interest begins to accrue immediately at a fixed rate of 7.9%. Repayment begins immediately, but in-school deferment will occur when your enrollment status is reported as at least half-time. You must be enrolled at least half-time to receive each semester's disbursement.

Federal Direct Grad Plus Loan borrowers are charged a 4.0% origination fee. However, a 1.5% rebate will be added back into the loan proceeds, resulting in a net of 2.5% in fees deducted from the loan funds sent to the school. Borrowers will retain the rebate once they enter repayment and make their first 12 payments on time.

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