Oklahoma Wesleyan University

Grants

Grants are similar to scholarships in that you don’t need to pay them back. There are a variety of grants offered to qualified OKWU students.

• PELL

• OTAG

• TEACH

• SEOG

• OTEG

• OHLAP

• OTHER

Loans

Loans are money the federal government (or a bank, or even a relative) give you that you must pay back. Some loans have no interest; some loans don’t collect interest until you graduate; some loans have terms that are connected to your plans after graduation.

• Perkins
• Stafford

• PLUS

• Private

Scholarships

You usually do not need to pay scholarship monies back. Scholarships can come from your school, an organization, or a contest and may be awarded as prizes.

• Activity
• Academic
• National Merit

Work Study

Work study, awarded based on financial need, provides opportunities for students to work a job on or off campus as a way to offset their college expenses.

The Federal Work Study Program provides funds for students to earn money through part-time employment. Work-study awards are based on a student’s financial need. Work-study positions pay $7.25 an hour and students are scheduled to work 8 – 10 hours a week. Work-study students must meet the obligations of their job or may forfeit their work-study job and anticipated aid.

What’s Next?

Now that you understand a little more about the various ways you can receive financial aid for your college education it’s time to get started! OKWU is a gateway to a bright future and the Office of Financial Aid wants to help you along the way. Contact us with your questions (add contact information).