Financial Aid

ONLINE FORMS

FEDERAL LOANS

U.S. citizens and permanent residents, not in active bankruptcy or in default of prior federal student loans, are eligible to apply for federal loans.  Submit a Free Application for Federal Student Aid (FAFSA) as soon after January 1 as possible.  The Title IV institutional code for Oklahoma City University is 003166.  If you have never filed a FAFSA or have lost your Personal Identification Number (pin), apply for a PIN first.

TUITION AND FEES

 

 

CHANGES IN SUBSIDIZED LOANS

11/15/11

Attention All Students:

Since the start of the Direct Lending program last year, the government has been giving an up-front interest rate rebate for all direct loans.  This interest rate rebate was called a loan repayment incentive.

When a Stafford loan was originated, the student was charged a 1% origination fee by the government, but received an immediate .5% rebate, so the origination fee actually became .5%.

When a Plus loan (Parent or Graduate) was originated, the student or parent was charged a 4% origination fee but received an immediate 1.5% rebate, so the origination fee actually became 2.5%.

One of the provisions arising from the Budget Control Act of 2011 is the elimination of all loan repayment incentives effective 1 July, 2012.

We are continuing to research this issue to see how it will affect the financial aid for our students.  We will keep you informed as we continue to receive guidance from the US Department of Education.

If you have any questions, please call the Financial Aid Office 405.208.5211

11/14/11

Attention Graduate and Professional Students:

In general, most graduate students have been eligible for $20,500 in Stafford Loans each academic year; $8,500 of which could be subsidized.  On a subsidized Stafford Loan, the government paid the interest during periods the loan was in deferment, grace or forbearance.

One of the provisions arising from the Budget Control Act of 2011 is the elimination of the subsidized Stafford loan for Graduate Students effective 1 July, 2012.

Stafford Loans will continue to be offered; however, there will be no amount subsidized.

We are continuing to research this issue to see how it will affect our financial aid for summer.  We will keep you informed as we continue to receive guidance from the US Department of Education.

If you have any questions, please contact Financial Aid at 405.208.5211

LOAN FORGIVENESS