Filing the FAFSA
Now that the admission application season is winding down, it's important to start focusing on the next step in the university planning process: filing the Free Application for Federal Student Aid (FAFSA). The FAFSA is an online form college students and their families fill out in order to determine eligibility for federal financial aid.
Financial aid can be awarded as follows:*
• Scholarships: awarded based on merit, major/departmental, and talent.
• Grant: free money that is not paid back
• Stafford Loan: either subsidized (interest begins when student goes into repayment) or unsubsidized (interest accrues while the student is in school)
• Perkins Loan: federal student loan with a current 5% fixed interest rate awarded to need-based students
• Work Study: an allotted amount of money the student is allowed to earn while working on campus while attending the university
|*Often financial aid award packages are a combination of the above.|
Processing your FAFSA at Oklahoma City University
In order for Oklahoma City University to determine your student's eligibility, you must first file the FAFSA online at fafsa.ed.gov. Please note this is the official website for filing the FAFSA and it's free to complete the FAFSA. If any other website states there is a fee associated with your filing, it is incorrect. The FAFSA priority filing period is January 1, 2015-March 1, 2015.
In order to file the FAFSA, you will need your tax information for 2014 as well as your student's tax information, if applicable. If you have not yet filed your taxes, you can estimate the amounts based on your 2013 taxes and update the information once your 2014 taxes are filed. In order to access and sign the FAFSA, both you and your student need a Personalized Identification Number (PIN). Click here to apply for a PIN. Utilizing the IRS Data Retrieval system will simplify and expedite the submission and verification process. Click here for more information on the IRS DATA Retrieval system.
Once you list our federal school code (003166) and submit the FAFSA, the information will be sent to Oklahoma City University. The Office of Financial Aid will put together a financial aid package for your admitted student based on your estimated family contribution (EFC). The financial aid package information can be accessed on their BlueLink account. Curious what your estimated EFC might be: check out the FAFSA4caster available on the FAFSA website. Remember to file early and please do not hesitate to contact us if you have any questions.