Oklahoma State University
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FEDERAL/STATE STUDENT AID PROGRAMS


Type of Aid

Program Details

Pell Grant

  • Generally awarded to students with exceptional financial need
  • Must be enrolled in at least 1 credit hour each semester; amount varies based on enrollment level

Federal Supplemental Educational Opportunity Grant (SEOG)

  • Limited funds
  • Awarded to students with exceptional financial need
  • Federal Pell Grant recipients receive priority
  • Must be enrolled in at least 1 credit hour each semester

Teacher Education Assistance for College and Higher Education (TEACH) Grant

  • For students who are/will be taking coursework necessary to become elementary or secondary teachers
  • Must agree to serve, for a minimum of four years (within eight years of completing academic program), as a full-time teacher in a high-need field in a school that serves low-income students
  • Must meet certain academic achievement requirements
  • Failure to complete the teaching service commitment will result in the grant funds being converted to a Federal Direct Unsubsidized Stafford Loan that must be repaid

Oklahoma Tuition Aid Grant (OTAG)

  • Awarded to students who demonstrate a certain level of financial need, based on the Expected Family Contribution (EFC)
  • Students must apply by the yearly state aid deadline (listed on the FAFSA)
  • Must be an Oklahoma resident (and indicate this on the FAFSA)
  • Must be enrolled in at least 6 credit hours each semester

Federal Work-Study

  • Limited funds
  • Awarded to students who demonstrate financial need
  • Provides opportunity for student to earn funds through working, over the course of a semester
  • Must be enrolled in at least 1 credit hour each semester

Federal Perkins Loan

  • Limited funds
  • Awarded to students who demonstrate a certain level of financial need, based on the Expected Family Contribution (EFC)
  • OSU is the lender
  • No interest in school, during grace period, or deferment period
  • Fixed interest rate of 5% in repayment
  • Must be enrolled in at least 1 credit hour each semester

Direct Subsidized Stafford Loan

  • Must be at least a half-time student (6+ hours) each semester
  • Must have financial need (determined by the FAFSA)
  • No interest in school, during grace period, or deferment period
  • Fixed interest rate during repayment (rates may be different depending on the academic year)
  • The U.S. government is the lender

Direct Unsubsidized Stafford Loan

  • Must be at least a half-time student (6+ hours) each semester
  • Interest accrues during school, during grace period, and deferment period
  • Fixed interest rate (rates may be different depending on the academic year)
  • The U.S. government is the lender

Direct PLUS Loans for Parents

  • For parents of dependent students
  • Interest accrues from the time the loan is disbursed
  • Fixed interest rate during repayment (rates may be different depending on the academic year)
  • Must not have negative credit history
  • The U.S. government is the lender