Financial Aid Awarding for 2017-2018

What is the Cost of Attendance for 2017-2018?

What about the new First Year Housing requirement?

What if I am not sure I am coming to OSU?

Why didn’t receive any scholarships?

When should I apply for the Parent PLUS loan?

Where can I find Financial Aid Forms for 2017-2018?

How can I get an IRS tax transcript to submit?

What about Summer term?

How do I file a Special Condition Appeal (SCA)?

 

Financial Aid Awarding for 2017-2018

Financial Aid for 2017-2018 is awarded based on the 2017-2018 FAFSA application (including Summer term 2017) which uses your 2015 tax information. Financial Aid awards will be processed and sent to students starting April 1st.  Incoming Freshman will receive a paper award letter and can accept through their ONID account once they are fully admitted. All other students will be notified at their ONID email address when their award is ready to view and accept.

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What is the Cost of Attendance for 2017-2018?

This is an estimate of the total cost to attend OSU. This estimate includes tuition and fees, books and supplies as well as living costs such as housing, food, personal and miscellaneous expenses. Award amounts offered reflect a three-term, full-time cost of attendance. (These are estimated costs only and subject to change based on factors such as dining plan chosen, actual credits taken, etc.) The actual charges you can expect to see billed to the student account by OSU will only be tuition and fees and room and board (if applicable) on a per term basis. The standard cost of attendance may be adjusted for differential tuition for specific programs, and for students participating in approved study abroad programs.

Please Note: Cost of Attendance figures are used for budgeting purposes only and represent an estimate of projected tuition and fees for the coming academic year. Actual tuition rates are approved by the state legislature in July and may vary.

The standard, full-time, full-year (three term) budget for 2017-2018 will be available soon.

 

Cost of Attendance components

Tuition and Fees: Actual tuition rates are approved by the Higher Education Coordinating Commission in July and may vary based on program of study.

Room and Board: This amount is an average figure based on double occupancy for on-campus living arrangements. Students living in university housing will be billed for their actual room and meal rates.  A separate off-campus allowance is calculated for room and board cost.

Miscellaneous and Personal: This is an estimate of what you might spend during the school year on personal items, clothing, recreation and travel.

*Loan Fee Allowance: An average amount is built in for loan recipients to cover the Federal Ford Direct Loan fees. COA shown does not include loan fee allowance.

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What about the new First Year Housing requirement?

As part of the First Year Experience program, Oregon State University requires full-time, first-year students to live on campus. For more detailed information on your housing options, please visit the First Year Experience webpage

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What if I am not sure I am coming to OSU?

If you have received an award letter or scholarship offer from OSU and have not made your final decision yet, you should accept your financial aid award or scholarship offer! This will hold your offer until you finalize your decision to attend OSU. Accepting your financial aid or scholarship offer is not a binding commitment to attend OSU.  You can update the financial aid office to cancel your offer should you decide not to attend.

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Why didn’t I receive any scholarships?

Scholarships that are awarded during the Admission process are selected on a competitive basis with limited awards.  It is not your only scholarship option while attending OSU. If you were not selected, do not lose hope! Many opportunities exist for students to apply for OSU scholarships based on their College or Major.  Each department administers their own scholarships, sets deadlines, posts and reviews applications, and awards based on their established criteria.

In an effort to maximize student access to OSU scholarship opportunities we have a searchable database that consolidates all available departmental scholarships into a centralized location! You select the criteria that fit you and the search will return any scholarships you might be eligible for. Click on the name of the scholarship for specific criteria, hover over additional notes for further application details, and when they are available for submission, click on the link to go to that scholarship's application page! Exploring your options couldn't be easier! Visit our Scholarship Database and get started today!

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When should I apply for the Parent PLUS loan?

The PLUS loan application will not be available for 2017-2018 until May 2017. If you attempt to apply prior to that date you will be told that OSU does not participate in the program. Rest assured, OSU DOES participate in the Federal Direct Parent PLUS loan program. Applications for parent PLUS loan requires a credit check each time the parent applies for the loan and is only valid for 180 days.  Applying too early may cause delays with processing and disbursements. Students can review their file status through their ONID account. The PLUS loan application and Master Promissory note can be completed at studentloans.gov.

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Where can I find Financial Aid Forms for 2017-2018?

As they become available the forms will be updated on our website under Forms and Publications: http://financialaid.oregonstate.edu/forms

Access to some forms that are part of outstanding requirements are also available through My OSU. To find your outstanding requirements go to the Financial Aid section of My OSU. From there go to My Eligibility>Select Aid Year (17-18)>Student Requirements. The instructions for your outstanding requirements will often contain a link that will take you to a PDF version of the required form.

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How can I get an IRS tax transcript to submit?

If you are required to provide tax information as part of the verification process and are unable to download the information through the FAFSA/IRS linking system, you may submit an IRS Tax Transcript instead. If you need a copy of your IRS tax return transcript, visit the IRS website and click on the "Get a Tax Transcript" link or you may call the IRS directly to order a copy at 1-800-908-9946. Be sure to request the "IRS Tax Return Transcript" and NOT the "IRS Tax Account Transcript".

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What about Summer term?

Summer term aid requires a 2017-2018 FAFSA application, as summer is the start of the academic year for financial aid purposes. If you wish to attend summer term you must submit a request through your ONID account (when available) and we will adjust your financial aid accordingly. Summer financial aid is limited due to funding constraints and loan program limits.  Students expecting to attend for 4 terms can anticipate their student loan funds to be re-distributed over the 4 terms of enrollment.  Yearly loan limits remain the same regardless of the number of terms you attend. Students who have been awarded work study for the academic year may begin working during summer term if enrolled half-time or more.

Enrollment levels are NOT different in summer. Full-time is 12 credits, 3/4 time is 9-11 credits, and half-time is 6-8 credits for Undergraduates. Half-time for Graduate students is 5 credits, full-time is 9 credits. You must notify Financial Aid if you will be enrolled less than full-time. You must be enrolled at least half-time to be eligible for Financial Aid.

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How do I file a Special Condition Appeal (SCA)?

While the FAFSA (Free Application for Federal Student Aid) is intended to determine the amount a family can reasonably be expected to pay toward a student's college costs, circumstances occasionally arise that make the FAFSA data an inaccurate picture of a family's resources. The SCA allows us to evaluate changes in your financial circumstances with the possibility of increasing your aid.  Additional financial aid options are usually available only if the student is or becomes Pell grant eligible OR with an increase in the student or parent Direct Federal loan.

When to file the SCA

Our special conditions appeal process is changing for the 17/18 year. More information on the 17/18 special conditions appeal process will be available soon.

SCA filing deadline

The 17/18 year filing deadline will be posted once it is established.