Financial Aid and Scholarships

Oregon State has always been on the leading edge, made possible by students just like you! Through discovery, innovation, and application we are meeting challenges, solving problems, and turning ideas into reality. You've got big dreams for your future and Oregon State University can help put that future within your reach. The Office of Financial Aid and Scholarships welcomes the opportunity to assist you with making your dreams of an education come true. Click on Apply for Aid to begin your journey at Oregon State University!

Upcoming Student Loan Repayment Workshop

May 31st at 12pm in Memorial Union 109. This will be a session to discuss loan repayment and the many options available to you such as consolidation and loan forgiveness. It is open to anyone that is interested regardless of graduation status. If you are unable to attend, visit our Loan Repayment Page to get more information and access a video version of our workshop!

Summer Term Financial Aid

During Summer Session all financial aid processing is managed through the OSU Financial Aid office; the same as during the academic year. Feel free to contact the Office of Financial Aid & Scholarships if you have questions or need assistance with the process. Here are a few things to keep in mind regarding summer term financial aid:

1. Summer term aid requires a 2013-2014 FAFSA application. Summer is the start of the academic year for financial aid purposes.

2. Once you have been awarded Financial Aid for 2013-2014, you can complete the Summer Aid Request under the Resources/Additional Information tab in the Financial Aid section of Student Online Services where you view your financial aid award package. You can only complete the questions once. If you need to make changes to your request after submission, please submit an Enrollment Revision Request for processing.

3. Processing of Summer Aid Requests will begin May 1, 2013.

4. Summer financial aid is limited due to funding constraints and loan program limits. Students expecting to attend for 4 terms can anticipate their Direct 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.

5. Students who have been awarded work study for the academic year may begin working July 1, 2013 if enrolled half-time or more for summer term.

6. Enrollment levels are the same for summer as the academic year. Fulltime 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.

7. You must notify Financial Aid if you will be enrolled less than full-time.

8. You must be enrolled at least part-time to be eligible for Financial Aid.

9. If your actual enrollment does not match your financial aid enrollment, your aid funds will not disburse. Please complete an Enrollment Revision Request to have your aid adjusted to your new enrollment level.

Do be aware! Textbooks cannot be charged to your student account, therefore proper planning for textbook purchases prior to the disbursement of financial aid is strongly encouraged.

Recent Changes to the Pell Grant Program

A recent change in the law affects students Federal Pell Grant eligibility beginning with the 2012-2013 school year and beyond.This change limits the total number of years a student may receive a Pell Grant to the equivalent of six years. You may receive an email from the Department of Education alerting you that you have reached or are approaching the PELL limit.

Oregon State University will be evaluating your eligibility and revising your financial aid accordingly.If it is determined that you are not eligible for additional Pell Grant funds, your 2012-2013 award will be revised to reflect this information. You still may be eligible for other federal, state, and school financial aid. The loss of Pell Grant funds does not mean they can be replaced due to other aid program limits. Those students who have reached the limit for Pell Grant funds will be notified when their financial aid package has been updated.

For information on how the Department of Education calculates the "equivalent of six years" please visit Federal Student Aid. If you are a new student or have not attended the equivalent of six years, this information is meant to serve as a notification of the changes but will not affect your current financial aid package

In mid-July 2012, you will be able to log on to the National Student Loan Data System (NSLDS) Student Access Web site using your Federal Student Aid PIN and view your Lifetime Eligibility Used percentage. The LEU will be found on the Financial Aid Review page.

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