Financial Aid Awarding for 2019-2020

What is the Cost of Attendance for 2019-2020?

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 2019-2020?

How can I get an IRS tax transcript to submit?

What about Summer term?

How do appeal my federal aid offer with a Special Condition Appeal (SCA)?

 

Financial Aid Awarding for 2019-2020

The 2019-2020 academic year at OSU is June 2019 to June 2020. Financial aid for this year starts with Summer 2019 and is awarded based on the 2019-2020 FAFSA. The 2019-2020 FAFSA application will use 2017 tax information to determine eligibility. Financial Aid awards are scheduled to 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 accept. Be sure to check your OSU student ONID email regularly to see if you have any outstanding requirements that would prevent aid packaging.

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What is the Cost of Attendance for 2019-2020?

The cost of attendance for 2019-2020 has not yet been finalized. It will be published on our cost of attendance page when 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.

Books and Supplies: This is an average amount you might spend on books and supplies. You are not billed by OSU for these expenses.

Personal and Miscellaneous: 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 by the deadline listed on the award! Accepting your financial aid or scholarship offer is not a binding commitment to attend OSU. You can always request the Financial Aid or Scholarship Office cancel your offer if you decide not to attend.

Some scholarships, particularly departmental scholarships, do require students to confirm their enrollment to OSU by May 1st in order to receive the award. We recommend students check the terms and conditions of their specific award to ensure they meet all deadlines.

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Why didn’t I receive any scholarships?

Scholarships that are awarded during the Admission process are selected on an extremely 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. Visit the Scholarship Database, OSU ScholarDollars, and get started on your scholarship application today! Please note that most scholarship opportunities have application deadlines in early February, so be sure to get started as soon as possible to ensure the deadlines are met.

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When should I apply for the Parent PLUS loan?

The PLUS loan application will not be available for 2019-2020 until May 2019. If you attempt to apply prior to that date you will be told that OSU does not participate in the program. 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 disbursement. 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 2019-2020?

As they become available the forms will be updated on our website under Forms: 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 (19-20)>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. See our Navigating Financial Aid Requirements video for an overview of how to find your outstanding requirements.

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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 is the first term of the 2019-2020 academic year and requires a 2019-2020 FAFSA application. After your FAFSA has been processed and your aid packaged for the year, you will be able to submit the summer survey to request or decline aid for that term. You will find the survey under the “Resources and Additional Information” tab in MyOSU. Your initial aid offer will only include fall, winter and spring. After the survey is submitted and processed, your aid offer will be adjusted to include summer if you requested aid and meet the minimum requirements for summer eligibility. Find further information on accepting your aid offer and submitting the summer survey on our Accept Your Award page.

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 federal student loans and most types of federal financial aid.

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How do appeal my federal aid offer with 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 19/20 year may be filed starting 5/1/19. After you have been packaged with your initial aid offer for the 19/20 year, please contact the Office of Financial Aid for more information.

To get an idea of how your federal aid might be impacted by changes in income before getting your initial award letter, you may use the federal FAFSA4CASTER tool

SCA filing deadline

The 19/20 year filing deadline will be posted once it is established.