Financial Aid and Scholarships

Federal and state financial aid and scholarships are disbursed in three equal installments during the fall, winter and spring of the academic year. If disbursement criteria are met, financial aid is disbursed to your student account about a week prior to the start of each quarter. This assumes that you have been awarded and have accepted your financial aid, have signed all required promissory notes for your loans and were registered for the minimum required credits.

Financial aid disbursed to your student account pays your tuition and other university fees including late charges. If the amount of your aid is greater than the charges on your student account, the difference will be refunded to you by the Student Accounts office. The Student Accounts Office is responsible for processing refunds from a student's account once financial aid has been applied. If you have questions about your bill, or your refund, please contact the Student Accounts.

If you participate in the Degree Partnership Program and are taking credits at another school as well as OSU, please note that your financial aid will apply to your OSU account, and pay any fees or charges owed to OSU. Any remaining aid is then refunded to you and it is expected that you will use it to pay any balance owed at the partner school. OSU does not have billing agreements with partner schools and does not transfer your aid for you, so be aware of what you owe the partner school!

Students who receive money from Federal Work-Study programs are paid wages for the hours worked during the pay period. These funds do not go toward paying student tuition and charges. Federal Work-Study funds are paid out through a regular paycheck which comes from the Payroll Department and are generally available the last working day of the month.