Federal Pell Grant
Federal Pell Grants are available to help undergraduate students pay for their education after high school. For Federal Pell Grant purposes, an undergraduate is one who has not earned a bachelor’s or professional degree. Federal Pell Grants provide a foundation of financial aid to which aid from other federal and non-federal sources may be added. Federal Pell Grants do not have to be repaid. Eligibility is determined through the Free Application for Federal Student Aid (FAFSA) and is not adjusted by the financial aid office unless enrollment is less than full time. Amounts are based on enrollment status of full-time (12 credit hours or more), three-quarter time (9-11 hours), half-time (6-8 hours), and less than half-time (1-5 hours).
Federal Iraq & Afghanistan Service Grant
A student who is not eligible for a Pell grant but whose parent or guardian was a member of the U. S. Armed Forces and died as a result of service performed in Iraq or Afghanistan after September 11, 2001, may receive this grant. Students apply by completing the FAFSA.
Federal Supplemental Educational Opportunity Grant (SEOG)
Federal Supplemental Educational Opportunity Grants are available to undergraduate students with exceptional financial need as determined by the Office of Financial Aid & Scholarships. Priority must be given to Federal Pell Grant recipients. Federal SEOG does not have to be repaid. Funding is limited. Priority is given to students with lowest Estimated Family Contribution (EFC).
Federal Work-Study Program
The Federal Work-Study program provides part-time employment for students with financial need who want to earn a part of their educational expenses. As a participant in the Federal Work Study program, OSU Institute of Technology offers opportunities to work on campus as well as in the surrounding community. Funding is limited. Students must be enrolled at OSUIT to be eligible for FWS.
Federal Direct Stafford Loans
Federal Stafford Loans are low-interest loans made to students attending OSUIT at least half time. Students who are enrolled in at least six hours. If some of those courses do not start until the second 8 weeks, loans will not be applied until the classes begin.
Federal Stafford Loans must be repaid beginning six months after graduation, leaving school, or when dropping below half-time (six semester credit hours) status. Exit counseling is required through studentloans.gov if one of these three situations should occur, even if a student is still enrolled at OSUIT.
The Federal Subsidized Stafford Loan is based on financial need. The loan amount will depend on financial need, which the college’s financial aid office will determine based on FAFSA information and other awards offered.
The Federal Unsubsidized Stafford Loan is a student loan that is not based on financial need. The loan amount will depend on the cost of attendance at OSUIT and the amount of other aid the student is receiving. The student has the option of paying the interest on an Unsubsidized Stafford Loan while in school.
Various types of scholarships may be offered to graduating high school seniors interested in attending OSUIT and to current OSUIT students. Several on and off-campus organizations and individuals also offer scholarships to OSUIT students. For further scholarship information, contact the OSUIT Scholarship Coordinator, 918-293-5477.
Oklahoma students who are not already eligible for OK Promise and who lost a military parent in the line of duty since January 1, 2000, may be eligible for a state award with recipient requirements similar to OK Promise. Students can sign up for the award up to age 21 regardless of family income. For more information visit www.okpromise.org. Contact OK Promise at 405-225-9152 or e-mail firstname.lastname@example.org
Federal Direct Plus Loans
Federal PLUS loans are for parents who want to borrow to help pay for their children’s education. These loans provide additional funds for educational expenses and, like Federal Direct Stafford Loans, are made by the federal government. For further information on Federal PLUS loans contact OSUIT's Office of Financial Aid & Scholarships.
Oklahoma Tuition Aid Grant Program
OSUIT participates in the Oklahoma Tuition Aid Grant program (OTAG) that is sponsored by the Oklahoma State Regents for Higher Education. Applicants must be residents of the state of Oklahoma. Tuition aid grants are made based on demonstrated financial need as determined by the OTAG office each year.
Other Financial Assistance
Veterans and students eligible to receive financial benefits under any federal or state rehabilitation programs may receive assistance from the coordinator of agency students. Oklahoma-sponsored rehabilitation students are served through the Oklahoma Department of Rehabilitation Services' Vocational Rehabilitation Division. Sponsored students can meet with a ODRS representative located in the Workforce Oklahoma Building on campus, or by calling 918-756-6435. For additional information on financial aid resources for vocational rehabilitation, contact the OSUIT Office of Financial Aid & Scholarships.