Awards are made until funds are exhausted. Once financial aid is obtained, future eligibility is determined by the student’s progress toward a degree. Guidelines for continued eligibility are included in the award letter and are also available in the Financial Aid Office.
A Federal Pell Grant is one that does not have to be paid back. It is only awarded to undergraduate students who have not earned a bachelor’s or professional degree.
To determine eligibility, a standard formula, established by congress, is used to produce an Expected Family Contribution (EFC) number. Your Student Aid Report (SAR) contains this number and will tell you if you are eligible.
The maximum award for the 2016-2017 academic year is $5,815 for a “zero” EFC, 2017-2018 maximum is $5,920 . How much you get will depend on your EFC, cost of attendance, enrollment status(full, ¾, or ½ time hrs) , and whether you attend for the full academic year.
A Federal Supplemental Educational Opportunity Grant (FSEOG), like the Federal Pell Grant, does not have to be paid back. It is available to students with exceptional financial need-based on EFC number-and gives priority to students who receive the Federal Pell Grant.
The U.S. Department of Education guarantees that each participating school will receive enough money for students with Federal Pell Grant eligibility. There’s no guarantee every eligible student will be able to receive an FSEOG. Schools may award students FSEOG based on availability of funds at that school. A student can receive up to $500 per semester (full time) from Connors State College.
Federal Work-Study provides jobs on campus or off campus for undergraduate and students with financial need, allowing them to earn money to help pay education expenses.
Federal Work-Study wages will be at least current federal minimum wage. Your total Federal Work-Study award depends on when you apply, your level of need, and the funding level of your school. Jobs are given based on availability and no one is guaranteed FWS.
The amount you earn can’t exceed your total Federal Work-Study award. When assigning work hours, your employer or financial aid administrator will consider your class schedule and your academic progress.
The Oklahoma Tuition Aid Grant Program (OTAG) is a need-based grant program for Oklahoma residents who attend eligible colleges, universities and career technology centers in Oklahoma. Awards are approved for full-time or part-time undergraduate students. It is important to fill out your FAFSA early (as soon after October 1st as possible) to be considered for OTAG. OTAG will be awarded to students on a first come first serve basis until funds are depleted.