Southwestern Oklahoma State University Undergraduate Catalog 2024-2025
FINANCIAL AID AND RESOURCES
Need-Based Financial Aid
Federal Work-Study Employment
A student must complete a Free Application for Federal Student Aid (FAFSA) in order to apply for need-based financial aid. Household size, the number of children in college, and family income are important variables in determining eligibility for need- based financial aid. All of the programs listed on this page require a FAFSA be completed.
Funded by the federal government, this is a program that provides jobs for students who are eligible for need-based financial assistance. The amount of the offer depends on the student’s need, the availability of funds for the program and the amount of assistance the student receives from other programs. Students generally work 10 to 20 hours per week during each semester. The student must be enrolled at least half-time to be eligible for this program. In addition to Federal Work-Study jobs on the campus, there are also a limited number of opportunities for students to participate in a reading and math tutoring program off campus. Work-study job assignments are not guaranteed by the University.
Federal Pell Grant
Over $6,000,000 per year is given to SWOSU students from the Federal Pell Grant Program. It is the largest federal grant program. Federal Pell Grants are available to help undergraduate students pay for their education. For Federal Pell Grant Programs, an undergraduate is one who has n ot earned a bachelor’s degree. The amount a student can receive depends on whether the student is full-time, half-time, or less than half- time, and the student’s Expected Family Contribution (EFC) number, which is on the Student Aid Report (SAR). Students must reapply each academic year to have their eligibility assessed and be making satisfactory academic progress. Typically, other than in the case of a complete withdrawal by the student, Federal Pell Grants do not have to be repaid.
Freshman Scholarships
Scholarships for first-time freshman students are based on High School GPA and ACT/SAT score (super scores are accepted). Recipients must be Oklahoma residents and graduate from an Oklahoma High School. There is no application to fill out.
Oklahoma Promise
The Oklahoma State Regents for Higher Education sponsor the Oklahoma Promise Program. Students sign up for the program while they are in 8 th , 9 th , or 10 th grade. Students whose parents earn $60,000 or less (2 or fewer children in household), $70,000 or less (3-4 children in household), $80,000 or less (5 or more children in household) at the time they sign up and less than $100,000 at the time they begin college are eligible to have tuition paid while enrolled at SWOSU.
Federal Stafford Loans
Subsidized
Subsidized Federal Stafford Loans are low-interest, need-based loans made to the student by the U.S. Department of Education to help pay for the student’s educatio n. A student must be enrolled at least half-time to be eligible to receive a loan and must complete an entrance interview before receiving student loan funds. Loan amounts vary depending on the student’s grade level and other financial aid the student may be receiving. Students do not have to begin repayment on the loan for six months after they have either graduated or dropped below half-time enrollment.
Oklahoma Tuition Aid Grant (OTAG)
The Oklahoma State Regents for Higher Education sponsor the Oklahoma Tuition Aid Grant Program. This grant program is based on a student’s financial need. The student must be a resident of the state of Oklahoma and be enrolled at least half-time to be eligible. The asking student uses the Free Application for Federal Student Aid to apply for this grant, and traditionally, the application data must be received by the federal government by February 1 to be considered for available funds.
Unsubsidized
Unsubsidized Federal Stafford loans are low-interest, non need- based loans made to the student by the U.S. Department of Education, to help pa y for the student’s education. A student must be enrolled at least half-time to be eligible to receive a loan and must complete an entrance interview before receiving student loan funds. Loan amounts vary depending on the student’s grade level. The student is responsible for paying the interest on this loan while in school. Repayment of the principal balance begins six months after the student either graduates or drops below half-time enrollment.
SWOSU Freshman Foundation Grants
SWOSU grants are need based using information based on FAFSA. Grants are available for first time freshman as well as first time undergraduate transfer students.
Federal Supplemental Educational Opportunity Grant (SEOG)
The Federal Supplemental Educational Opportunity Grant (SEOG) is a federal grant program limited to undergraduate students who are enrolled at least half-time with exceptional financial need. It must be awarded to Federal Pell Grant recipients who have the lowest Expected Family Contribution (EFC). The amount a student can receive depends on the student need, the availability of Federal Supplemental Educational Opportunity Grant funds, and the amount of other financial assistance the student is receiving. Typically, Federal Supplemental Educational Opportunity Grants do not have to be repaid.
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