Summary of major financial aid programs:

Program Description Eligibility Terms How to apply
Federal Pell Grant
  • Federally funded
  • Gift aid
  • Need-based; determined by EFC
  • Undergraduate students working toward their first bach elor's degree
  • Undergraduate students who have not yet received 12 full semesters of Pell Grant eligibility
  • Award is based on full-time enrollment (at least 12 credit hours per semester). If taking less than 12 hours, the awarded amount will prorate per program regulations. (12+ hours= full- time award, 9-11 hours = three-quarter-time award, 6-8 hours= half-time award, less than 6 hours=less than half-time award)
  • This grant is exhausted after 12 semesters (or 6 years)
Federal Supplemental Educational Opportunity Grant (FSEOG)
  • Federally funded
  • Gift aid
  • Need-based; limited funding
  • Undergraduate students working toward their first bachelor's degree
  • Three-quarter-time enrollment (at least 9 credit hours per semester), except during the semester a student is graduating if proper documentation is submitted
  • Award amounts vary based on available funding.
  • The amount of FSEOG, in combination with other need-based financial aid, cannot exceed financial need
TEACH Grant (Teacher Education Assistance for College and Higher Education)
  • Federally funded
  • Gift aid that reverts to a Federal Direct Unsubsidized Loan if service requirements are not satisfied
  • Non-need-based
  • Undergraduate or graduate in a degree seeking program
  • Enrollment in course work to teach in high-need field (bilingual education and English language acquisition; foreign language; mathematics; reading specialist; science; special education) and serves students from low-income families
  • 3.25 cumulative GPA
  • Sign a TEACH Grant Agreement to Serve and complete counseling each year this grant is awarded.
  • $3,764 each year if enrolled full time (at least 12 credit hours per semester). Like Federal Pell Grant, the TEACH Grant will prorate for enrollment less than full time
  • Must agree to teach in a high-need field serving low-income students
  • Must teach for 4 full years within 8 years of receiving the grant
  • TEACH Grant reverts to Federal Direct Unsubsidized Loan (with interest from the date the grant was disbursed) if recipient does not complete service obligation
  • TEACH Grant, in combination with other financial aid, cannot exceed the recipient's Cost of Attendance

State of Ohio Grants

Program Description Eligibility Terms How to apply
Ohio College Opportunity Grant (OCOG)
  • Ohio funded
  • Gift aid
  • EFC max of 2190
  • Total income <$96,000
  • Must meet the Oct. 1 FAFSA deadline
  • Must be in a degree seeking program
  • Must be Ohio resident
  • Students are limited to 10 semesters
  • Your award may change if your FAFSA information changes as a result of verification
  • You are no longer eligible for OCOG once you have earned your first bachelor's degree
  • Submit FAFSA by FAFSA deadline (Oct. 1)

Federal Work-Study

Program Description Eligibility Terms How to apply
Federal Work-Study
  • Award is funded partially by federal funds and can be partially funded by the Ohio Christian University employing department
  • Award is earned as wages, through bi-monthly paycheck, for work performed for eligible on- and off-campus employers
  • No repayment
  • Need-based
  • Must be a full-time student
  • Must be a Traditional Undergraduate student
  • Maximum of 20 hours a week during the term
  • You cannot work more than 40 hours per pay period unless school is on break
  • You cannot work during scheduled class times
  • Submit the FAFSA before the priority date
  • Must indicate interest on FAFSA
  • Award amounts vary based on available funding
  • Locate and interview for jobs by reviewing job listing on Ohio Christian University career services web site
  • Default Work-Study pay is 100% of pay goes directly to student
  • Work-Study wages can be put on account by completing a form in the Financial Aid office identifying what percentage of work study student would like to apply to account
  • The amount of FWS, in combination with other need-based financial aid, cannot exceed demonstrated financial aid need
  • Student can obtain more than one FWS position provided they still follow maximum hourly allowance.
  • Submit FAFSA
  • Submit resume and complete application

Federal Loans

Program Description Eligibility Terms How to apply
Federal Direct Subsidized Loan
  • Federally funded
  • Must begin repayment 6 months after graduation, withdrawal, or enrollment status changing to less than half-time
  • Fees 
  • Students can start payments while enrolled without penalty
  • Need-based
  • Enrolled at least half time (undergraduate, post-baccalaureate, must be enrolled at least 6 credit hours per semester.
  • Enrolled in a program that leads to a degree or certificate
  • Borrowers must be U.S. citizens or eligible non-citizens
  • Must be SAP eligible
  • Repayment is deferred and interest does not accrue while student is enrolled at least half time
  • Fees
  • Undergraduate students scheduled to graduate after fall semester will have their loan eligibility prorated, per program regulations, according to the number of credit hours enrolled
  • Award amounts vary, based on cumulative hours earned (grade level)
  • First-time borrowers must complete online Loan Entrance Counseling and Master Promissory Note
  • The amount of Direct Subsidized Loan, in combination with other need-based financial aid, cannot exceed demonstrated financial aid need
Federal Direct Unsubsidized Loan
  • Federally funded
  • Must begin repayment 6 months after graduation, withdrawal, or enrollment status changing to less than half-time
  • Interest rates
  • Students can start payments while enrolled without penalty
  • Interest starts accruing after first disbursement
  • Non-need-based
  • Enrolled at least half time (Undergraduate, post-baccalaureate, enrolled 6 credit hours per semester; graduate students must be enrolled 4 credit hours per semester.
  • Cannot exceed the educational cost of attendance minus other financial aid
  • Undergraduate, graduate and professional students can be considered for this loan up to the amount of the students' annual borrowing limit
  • Borrowers must be U.S. citizens or eligible non-citizens Must be SAP eligible
  • Interest begins accruing on date of loan disbursement; may be paid periodically or capitalized
  • Fees
  • Repayment of principal deferred while enrolled at least half time
  • Undergraduate students scheduled to graduate after fall semester will have their loan eligibility prorated, per program regulations, according to the number of credit hours enrolled
  • Award amounts vary, based on cumulative hours earned (grade level)
  • First-time borrowers must complete online Loan Entrance Counseling and Master Promissory Note
  • The amount of Direct Subsidized Loan, in combination with other need-based financial aid, cannot exceed demonstrated financial aid need
Federal Direct Parent PLUS Loan and Grad PLUS Loan
  • Federally funded
  • Must be repaid
  • Interest rates are federally regulated and set annually
  • Non-need-based
  • Loan amounts vary, based on borrower's request
  • Parent PLUS Loan borrower is the parent of an undergraduate dependent student; Grad PLUS Loan borrower is a graduate
  • Enrolled at least half time (undergraduate, post-baccalaureate, must be enrolled 6 credit hours per semester; graduate students must be enrolled 4 credit hours per semester.
  • Borrower must meet credit- worthiness standards as set forth by Federal Direct Lending
  • This loan will be included on your award notification only if a separate application is submitted
  • Fees
  • In order to apply the student must file a FAFSA and receive an award letter
  • PLUS repayment of principal and interest begins 60 days after the loan is disbursed.
  • Grad PLUS borrowers qualify for "in school" deferment while enrolled at least half-time
  • First-time Grad PLUS or Parent PLUS borrowers must complete the online Master Promissory Note
  • First-time Grad PLUS Loan borrowers, and any borrower who previously completed the entrance counseling prior to July 1, 2011, must complete the online Loan Entrance Counseling
  • The amount of loan, in combination with other financial aid, cannot exceed the recipient's Cost of Attendance

Private Student Loans

Program Description Eligibility Terms How to apply
Private Student Loans
  • Privately funded
  • Must begin repayment 6 months after graduation, withdrawal, or enrollment status changing to less than half-time
  • Interest rate contingent on applicant’s and/or co-signer’s credit.
  • Students can start payments while enrolled without penalty
  • Have good credit or have a qualified co-signer
  • Enrolled at least half-time in a program that leads to a degree or certificate
  • Borrowers must be U.S. citizens or eligible non-citizens
  • Borrowers must complete a self-certification form.
  • The amount of loan, in combination with other financial aid, cannot exceed the recipient's Cost of Attendance
  • Borrower may release co-signer after a specified timeframe (usually 24-36 months) if on-time payments of principal and interest are made.
  • Standard repayment of loan is typically 10 years.
  • Many private student loan lenders offer fixed and variable interest rate loan options.

OCU Residential Undergraduate Aid

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OCU College of Adult and Graduate Studies Aid

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