Courts have issued orders blocking the Biden-Harris Administration student debt relief plan as of 11-12-2022. For the most up to date information please visit Federal Student Aid’s (FSA) website: https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info
Office of Financial Aid Hours:
February 1-3, 2023 - The Office of Financial Aid will be available by phone and email only from 10am to 4pm. We will not be available in person those days.
In-person - 1:00pm to 4:00pm Monday to Friday - Kerr Admin 218 || Phone - 10:00am to 4:00pm Monday to Friday - 541-737-2241 || Email - anytime at financial.aid@oregonstate.edu
There is a lot to know about federal aid. It is awarded based on the annual FAFSA application that is published every year on October 1. There are yearly limits, lifetime maximums, enrollment minimums, course completion requirements, and Satisfactory Academic Progress criteria for eligibility. We encourage students to read the basic overview below and utilize the resources on our other pages to better understand how federal aid works.
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal College Work-Study Program
Please review our Work-Study Page for more detailed information
Federal Loan Basics
Subsidized Federal Ford Direct Student Loan
Unsubsidized Federal Ford Direct Student Loan
Parent PLUS Federal Loan
*For applicants who have been determined to have an adverse credit history, but qualify for a Direct Parent PLUS loan by documenting extenuating circumstances or obtaining an endorser must complete the PLUS Counseling and a new Master Promissory Note at studentaid.gov. Students can review their file status by logging into their MyOregonState account.
**If a Parent PLUS Loan has been credit denied for this year, the student may submit a Student Loan Revision form to request an increase in the Ford Direct unsubsidized student loan.
***Although the Parent PLUS Loans do not have yearly or aggregate maximums, they are only available to the credit approved parents of students who are undergraduate and considered dependent for FAFSA purposes. If a student is turning 24 or will otherwise be considered independent for a given aid year, the Parent PLUS Loan option would not be available. Please review the FSA website for further information on dependency status.
Graduate PLUS Federal Loan
*For applicants who have been determined to have an adverse credit history, but qualify for a Direct Graduate PLUS loan by documenting extenuating circumstances or obtaining an endorser must complete the PLUS Counseling and a new Master Promissory Note at studentaid.gov.
Dependent Undergraduate Ford Direct Student Loan Maximum Per Year:
* If a Parent Plus loan has been credit denied for this year, the student may submit a Student Loan Revision form to request an increase in the Ford Direct unsubsidized student loan. The maximum increase is $4,000 for fresh/soph and $5,000 for jr/sr.
Dependent Undergraduate Ford Direct Student Loan Aggregate Maximum (Limit for all years combined):
* If a Parent Plus loan has been credit denied for this year, the student may submit a Student Loan Revision form to request an increase in the Ford Direct unsubsidized student loan. In this case the aggregate maximum increases to $57,500.
* The credit hour maximum timeframe (MTF) is an additional limitation beyond the federal aggregate aid maximums. More information about the MTF may be found on the Satisfactory Academic Progress section of our website.
* The Subsidized Federal Direct Ford Loan is need-based with the government paying the interest on the loan while the student is enrolled. Effective July 1, 2013 there will be a limit on the amount of time that a student is allowed to borrow subsidized loan funds which will be tied to their program length. Students that exceed 150% of their program length will no longer be eligible to receive subsidized loan funds, regardless of any extensions granted based on the Satisfactory Academic Progress appeal process through the Office of Financial. Find more details on the federal loan webpage.
Independent Undergraduate Ford Direct Student Loan Maximum Per Year:
Independent Undergraduate Ford Direct Student Loan Aggregate Maximum (Limit for all years combined):
* The credit hour maximum timeframe (MTF) is an additional limitation beyond the federal aggregate aid maximums. More information about the MTF may be found on the Satisfactory Academic Progress section of our website.
* The Subsidized Federal Direct Ford Loan is need-based with the government paying the interest on the loan while the student is enrolled. Effective July 1, 2013 there will be a limit on the amount of time that a student is allowed to borrow subsidized loan funds which will be tied to their program length. Students that exceed 150% of their program length will no longer be eligible to receive subsidized loan funds, regardless of any extensions granted based on the Satisfactory Academic Progress appeal process through the Office of Financial Aid.
Graduate Ford Direct Loan Limits
Graduate Ford Direct Student Loan Maximum Per Year:
Graduate Ford Direct Student Loan Aggregate Maximum (Limit for all years of undergraduate and graduate work combined):
* The credit hour maximum timeframe (MTF) is an additional limitation beyond the federal aggregate aid maximums. More information about the MTF may be found on the Satisfactory Academic Progress section of our website.