This page will walk you through the process of obtaining financial aid at OKWU. Applying for federal, state, and institutional aid is free. The most important thing to remember when applying is to complete your financial aid as soon as possible. We award aid to students who have been accepted to OKWU, so please apply for admission. Remember to make copies of everything you send to OKWU. If you need any help at all, please feel free to contact us.
Apply to OKWU
Before you can apply for Financial Aid, you will need to apply and be accepted to OKWU.
Fill out the FAFSA
Once you have applied and been accepted to OKWU, you will need to apply for a FSA ID and then fill out the FAFSA using your ID. If you have already done this, great! If not, please take the time to create your FSA ID and fill out the FAFSA. For information on how to fill out the FAFSA, check out the Steps to Apply for FAFSA video.
Review Student Aid Report (SAR)
Once you have been accepted to OKWU and filled out the FAFSA, you will receive your Student Aid Report (SAR). Be sure to review the SAR carefully and make sure that all information has been filled out correctly.
Please Note: Your SAR may be selected by the Department of Education for a review process called “verification.” This is noted in the SAR with an * by the EFC and OKWU will also notify you by email. If your SAR is selected, you will be asked to provide additional paperwork which may include a Verification Worksheet, a Tax Transcript, or other items. Please be in communication with the Financial Aid Office if selected for verification.
Accept or Decline Awards
Your initial financial aid award letter is an estimate based on full-time enrollment. You will be offered federal, state, and OKWU aid for which you qualify, including but not limited to grants, work-study, and loans. You will need to sign and return the award letter to the Financial Aid Office to accept or decline the awards.
Your OKWU Financial Aid file will not be considered complete until you have submitted all necessary paperwork. Occasionally, additional forms will be required from you or your parent(s). In all cases, it is the student’s responsibility to make sure his/her file is complete.
To view your aid package for the current school year, complete missing documents, and accept and/or decline aid, visit the Financial Aid portal. Once you have accepted or declined the financial aid you wish to receive, you will be finished with your financial aid process and on your way to finishing your degree.
If you are a new student and choose to accept the student loans:
Please go to studentloans.gov
After logging into the system:
- Select “Complete MPN” and then select the “Subsidized/Unsubsidized” loan.
- You will also select “Complete Counseling” and then select “Entrance Counseling”
Note: If awarded a Parent PLUS loan, the PLUS application and PLUS Master Promissory will need to be completed by a parent in July.
Financial Aid Timeline:
- OKWU encourages all students to complete the FAFSA as soon as possible. The FAFSA opens each year on October 1st for the upcoming award year. For example if you are taking classes between July 1, 2018 and June 30, 2019, the 2018-19 FAFSA opens on October 1, 2017.
- Prior to being cleared by Financial Aid for enrollment, you much complete a FAFSA and if you choose to take loans, you must also complete the Master Promissory Note and Entrance Counseling.
Types of Aid
There are many types of financial aid. Before getting started, it’s a good idea to familiarize yourself with the types of aid that can be applied for. The different types of aid are Grants, Loans, OKWU Scholarships, and Outside Scholarships. To read more about these in detail, please visit the Types of Aid page.
Grants are a type of Financial Aid that do not need to be repaid. They are provided based on the needs of the student as determined by the FAFSA. To learn more about Grant, click here.
Loans are a form of Financial Aid that need to be repaid with interest. Loans are given on a needs based basis from both governmental and private sources. The need for each student is determined by the FAFSA. To learn more about Loans, click here.