Types of Aid

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 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.

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 Student Financial Services Office. 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 EFC's.

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. Funing is limited. Students must be enrolled full-time to be eligble for FWS.

Federal Work Study Positions Available

Federal Perkins Loans

NOTE: The Federal Perkins Loan will be discontinued for new borrowers after Spetember 30, 2015.  Those who have been packaged with Federal Perkins Loan prior to this date will still receive these funds. Contact the Financial Aid & Scholarships Office for additional details.  The Federal Perkins Loan Program is available to eligible OSU Institute of Technology students who need a loan to help meet educational expenses. Federal Perkins Loans must be repaid beginning nine months after graduation, leaving school, or dropping below half-time (six semester credit hours) status. Funding is limited. Priority is given to students with lowest EFC's. 

Federal Direct Stafford Loans

Federal Stafford Loans are low-interest loans made to students attending OSU Institute of Technology 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 OSU Institute of Technology 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.

Scholarships

Various types of scholarships may be offered to graduating high school seniors interested in attending OSU Institute of Technology and to current OSU Institute of Technology students. Several on and off-campus organizations and individuals also offer scholarships to OSU Institute of Technology students.  For further scholarship information, contact the OSU Institute of Technology Scholarship Coordinator, (918) 293-5282.

Heroes Promise

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 informaton, contact OK Promise at (405) 225-9131 or e-mail www.okpromise.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 OSU Institute of Technology’s Financial Aid and Scholarsips Office.

Oklahoma Tuition Aid Grant Program

OSU Institute of Technology 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 Financial Aid Office.