Financial Aid Awarding for 2018-2019

What is the Cost of Attendance for 2018-2019?

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 2018-2019?

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 2018-2019

Financial Aid for 2018-2019 is awarded based on the 2018-2019 FAFSA application (including Summer term 2018) which uses your 2016 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 My OSU 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 2018-2019?

The cost of attendance for 2018-2019 has not yet been finalized. It will be published on our cost of attendance page once those numbers become available.

 

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.

Personal and Travel: 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 2018-2019 until May 2018. 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 2018-2019?

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 (18-19)>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". More information about this requirement may be found on our Verification FAQ's Page.

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What about Summer term?

Summer term aid requires a 2018-2019 FAFSA application. Summer is the start of the academic year for most financial aid. To request aid for the summer term submit the summer survey request. The summer survey will be available through My OSU at the same time your 18/19 aid offer is ready to accept. After the survey is completed, your aid offer will be adjusted to include summer. Summer financial aid is limited due to funding constraints and loan program limits.  Students expecting to attend for 4 terms at least halftime 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.

When to file the SCA

The special conditions appeal for the 18/19 year may be filed starting 5/1/18. Please contact the Office of Financial Aid for more information.

SCA filing deadline

The 18/19 year filing deadline will be posted once it is established.