Category Archives: Apply Online

Financial Aid Awareness Month

February is Financial Aid Awareness Month! This is the time for you to learn all about the financial aid process for college.

What is financial aid?
Free Money

Federal and State Grants

Scholarships

Earned Money

Borrowed Money

How do I apply?

  • Complete the FAFSA (Free Application for Federal Student Aid)
    • Apply every year you need financial aid for college
    • Apply on or after October 1
    • Complete your application online at FAFSA.gov
    • Create an FSA ID to access and sign your FAFSA

How will I know how much financial aid I’ve been offered?

  • After your FAFSA has been submitted and you’ve been admitted, your school will send you an aid offer
  • Review and research all programs offered, and accept only the aid you need
  • You don’t have to accept everything you’ve been offered

To learn more about the financial aid process, review these tools on this site:

  • FAFSA Learning Modules
  • Finish the FAFSA in Five Steps
  • Dependency Questionnaire
  • FAFSA Fundamentals 2021-2022 PowerPoint
  • FAFSA Parent Flyer

You will also find these helpful FAFSA videos:

UCanGo2.org also offers many beneficial FAFSA resources:

  • The EFC (Expected Family Contribution) PowerPoint
  • The FSA ID (Federal Student Aid Identification) PowerPoint
  • The Financial Aid Award Letter PowerPoint

Learn more about Financial Aid Awareness Month here!

Student Financial Aid Acronyms

Every profession has a unique set of acronyms used in that particular field. As you plan for college and begin to explore different ways to pay for higher education, you may come across some acronyms commonly found in the world of student financial aid. We’ve listed some here, with a brief explanation of each.

AGI                 Adjusted Gross Income – A dollar amount found on your, and/or your parents’, tax return that must be reported on your FAFSA.

CARES           Coronavirus Aid, Relief, and Economic Security (CARES) Act – A relief package passed in March, 2020 to protect the American people from the public health and economic impacts of COVID-19. The borrower benefits in the Act were extended to September 30, 2021.

COA                Cost of Attendance – The average annual cost for attending a specific college, university, technology center or proprietary school, which includes tuition, room and board, books, fees, supplies, personal expenses and transportation.

EFC                 Expected Family Contribution – A number found on your Student Aid Report (SAR) that’s used by a financial office to determine how much aid you’re eligible to receive.

FAFSA            Free Application for Federal Student Aid – A form submitted by you that is used to determine your eligibility for federal and state financial aid. One or both parents may also need to contribute their financial information.

FSA                 Federal Student Aid – The branch of the U.S. Department of Education that oversees federal financial aid disbursed to higher education institutions for students who qualify.

FSA ID            Federal Student Aid Identification – A username and password that gives you access to some of the U.S. Department of Education’s websites; it can also serve as your legal signature on the FAFSA and other electronic documents.

ISIR                 Institutional Student Information Record – A report sent to your selected college(s) that contains the data from your FAFSA.

MPN                Master Promissory Note – A document signed by you that says you promise to repay a student loan, along with any accrued interest and fees.

SAR                Student Aid Report – Contains the data submitted on your FAFSA, along with next-step instructions. Once the FAFSA is processed, you’ll receive information on how to download and print the report.

For a much larger list of the many acronyms and terms used throughout the federal financial aid process, visit StudentAid.ed.gov.

The New FAFSA Mobile App

Have you completed your 2021-2022 FAFSA yet? If not, now’s the time! In fact, you can complete this important financial aid application directly on your phone or tablet.

The new myStudentAid mobile app has recently been released with an updated look and a variety of new tools provided by Federal Student Aid (FSA). This app offers a more user-friendly design, as well as a Financial Aid Summary that allows you to keep track of your student loan and grant history. It also offers the ability for borrowers to track their loan repayment progress.

To access this tool, students, parents and borrowers will need to download FSA’s myStudentAid app. From there you can set up your FSA ID, or use your current ID to complete and submit your FAFSA as well as take advantage of these new features. Check out the updated myStudentAid app today!

Mobile phone screenshots of the app

Make the Most of Your Holiday Season!

This time of year brings merriment and joy to those as they celebrate the holiday festivities. And while you’re enjoying a few weeks off from school, why not spend a little time preparing for college? If you’re currently a high school senior you should complete and submit your FAFSA (Free Application for Federal Student Aid) to apply for federal and state aid.

You should also do a little scholarship searching. Scholarships provide FREE money to help you pay your college expenses. Whether you’re in high school or college, scholarships are available to you. There are even awards for students in middle school and younger. You just need to do some research.

Below you’ll find links to some great festive scholarships to get you started.

Holiday Celebration Scholarship
Amount:  $1,000
Deadline:  December 31, 2020

Timber Works Tree Care Scholarship
Amount:  $1,000
Deadline:  January 18, 2021

Scholars Helping Collars Scholarship 
Amounts:  $1,500, $300, $200
Deadline:  February 28, 2021

Sweet and Simple Scholarship
Amount:  $1,500
Deadline:  February 28, 2021

Angel Scholarship
Amount:  Varies
Deadline:  March 1, 2021 (New posting in January)

Create-A-Greeting-Card Scholarship
Amount:  $10,000
Deadline:  March 9, 2021

National Candy Technologists Scholarship
Amount:  $5,000
Deadline:  April 3, 2021

Flavor of the Month Scholarship
Amount:  $1,500
Deadline:  July 31, 2021  

Ornament Scholarship
Amount:  $1,000
Deadline:  Watch for new 2021 scholarship posting

Sugar Spun Run Scholarship
Amount:  $500
Deadline:  Check for new scholarship posting on Jan. 1

Changing Information on Your Submitted FAFSA

Do you want to add another college code to your FAFSA? Have you moved since you submitted your FAFSA? When you reviewed your Student Aid Report (SAR), did you discover that you had made a mistake on one of the answers you gave?

Most students file their Free Application for Federal Student Aid, or FAFSA electronically, and it’s quick and easy to make corrections online as well. Let’s look at the three examples given above.

  1. Add a school code. This one is super easy. Log in to FAFSA.gov using your FSA ID. Choose ‘Make FAFSA Corrections’. Use the tabs at the top of the first page of your FAFSA and/or use the ‘Next’ or ‘Previous’ buttons to find the list of college codes you’ve already submitted. Add your code(s), and don’t forget to click the ‘Submit’ button on the last page when you’re done. In a few days, you should receive another email telling you that your new Student Aid Report (SAR) is ready. Review your SAR once more to make sure your changes have been made.

2. Update your demographic information. If you’ve moved or have a new phone number, be sure to update your demographic information at fsaid.ed.gov (Manage My FSA ID) and FAFSA.gov (Make FAFSA Corrections). Don’t forget to click the ‘Submit’ button on the last page when you’re done. In a few days, you should receive another email telling you that your new Student Aid Report (SAR) is ready. Review your SAR once more to make sure your changes have been made. If your last name has changed, contact a financial aid officer at your college of choice and ask them what steps you need to take.

3. Make corrections. Log in to FAFSA.gov using your FSA ID. Choose ‘Make FAFSA Corrections’. Use the tabs at the top of the first page of your FAFSA and/or use the ‘Next’ or ‘Previous’ buttons to find the page that contains the incorrect information. Make the necessary changes, then be sure to click ‘Submit’ on the last page when you’re done. In a few days, you should receive another email telling you that your new Student Aid Report (SAR) is ready. Review your SAR once more to make sure your changes have been made.

Note: If any of the income figures you reported need to be changed, it’s likely that a financial aid officer at your college will need to make them for you. If this is the case, be sure to give them your Data Release Number (DRN), located near the top of your Student Aid Report (SAR). They cannot ask you for your FSA ID.

Keeping your FAFSA data current will help you avoid delays in the future. Be sure to review your SAR carefully to look for discrepancies. ­­If you encounter any problems, you can call Federal Student Aid (FSA) at 1.800.433.3243.

The EFC

The Expected Family Contribution (EFC) is a number that’s used to help determine your eligibility for federal and state financial aid. It’s important to know that your EFC is not the guaranteed amount of money you or your family will be required to contribute to your cost of attendance. It’s only a number used by your school to calculate your financial aid eligibility.

Each school that you selected on the Free Application for Federal Student Aid (FAFSA) will use the EFC to determine how much aid you may receive at their individual institution. Your EFC is calculated through a formula that uses your family’s taxed and untaxed income, assets and benefits. The size of your family, the number of family members who’ll attend college during the academic year and the age of your older parent will also influence your EFC.

For a detailed guide on exactly how an EFC is calculated, you can check out The EFC Formula.

Financial aid administrators will subtract the EFC from the student’s cost of attendance to determine their financial need for the following federal student aid programs:

  • Federal Pell Grants
  • Federal Subsidized Student Loans
  • Federal Supplemental Educational Opportunity Grants
  • Federal Work-Study

Other federal and state scholarship programs will also use the EFC to determine your eligibility for additional aid. The EFC is calculated after you complete your FAFSA. If you’re planning to attend college next fall, make sure you submit the FAFSA as soon as possible. You can find the FAFSA online at FAFSA.gov.

Have You Submitted Your FAFSA?

The Free Application for Federal Student Aid (FAFSA) for next fall became available Oct. 1. That means people are applying for financial aid almost a year before they’ll need it for college. It’s a long time until the next fall semester starts, so why is it so important to file now?

It’s best to file your FAFSA as soon as you can once it becomes available. While some types of financial aid are available year-round, other forms are not.

Federal Work-Study
Work-study is a type of aid that is earned, rather than borrowed. Your eligibility is determined by your financial need. Students use the money they earn at a part-time job to pay toward their college expenses. There is a limit to the number of work-study jobs available each semester, so if you don’t submit your FAFSA early and answer yes to the “I’m interested in work-study” question, those jobs could all be filled before you start the school year.

Oklahoma Tuition Aid Grant (OTAG)
OTAG is a grant funded by the state of Oklahoma for students who are Oklahoma residents and will be enrolled at an Oklahoma college or technology center. It’s an example of first-come, first served aid because it’s funded only once a year. Typically, OTAG receives more eligible applications than can be awarded with available funds, and how early a student applies can be the deciding factor in whether that student is offered an OTAG award. To apply, you simply have to complete a FAFSA. Your eligibility for OTAG is determined by your financial need, and the amount of the award is $1,000 ($500 in fall and spring).

Oklahoma Tuition Equalization Grant (OTEG)
OTEG is also funded by the state of Oklahoma, and goes to students who demonstrate financial need on a first-come, first served basis. Recipients must be Oklahoma residents. To receive this grant, your annual family income must be at or below $50,000, and the grant can only be used at an approved private/independent, not-for-profit postsecondary institution in Oklahoma. OTEG funds are sent to the approved institutions; students to be awarded OTEG will be selected and notified by the institutions. The grant pays $2,000 ($1,000 in fall and spring).

Visit OKcollegestart.org to learn more about OTAG and OTEG and a list of approved OTEG schools.

Be sure to submit your FAFSA as soon as you can. You don’t want to miss out on these chances for earned and free money for college that doesn’t have to be repaid!

I Submitted the FAFSA. Now What?

The new 2021-2022 FAFSA (Free Application for Federal Student Aid) was released on October 1, and students are encouraged to complete this financial aid application as soon as possible. After submitting the FAFSA online, you may be wondering what your next steps are. Here’s what you can expect.

Upon submitting the FAFSA, you’ll see a confirmation page on the screen. You’ll also receive a confirmation email which confirms your FAFSA was submitted and is being processed. After a few days, you’ll receive your Student Aid Report, or SAR, by email as well. The SAR is a summary of the information you listed on your FAFSA. Be sure to review your SAR for any errors.

When your FAFSA is processed, it’s sent to the schools you listed on your application. Watch for communication from the financial aid offices at those schools. They’ll let you know if any additional documentation is required. Financial aid offices at those schools will also send you an aid offer after you’ve been accepted. The aid offer explains the types of financial aid available to you. Read this offer carefully as there may be additional steps you need to take to accept or decline certain types of aid. You don’t have to accept everything offered.

Watch this short video from OCAP explaining financial aid and the FAFSA to learn more!

School Profiles on OKCollegestart.org

Before you begin your Free Application for Federal Student Aid (FAFSA) —have you decided which college(s) you’d like to attend? You will have to provide at least one college choice on your FAFSA—but what if you haven’t decided yet?

One of the best resources for exploring colleges is OKcollegestart.org. Once you’ve logged in (you can create an account on the OKCS homepage), click the ‘College Planning’ tab at the top, then look for the option to Explore Postsecondary Schools. Under School Exploration Tools, choose School Finder. You’ll see a list of school characteristics at the left which can be used to narrow down your search. You can choose only one characteristic to begin, or you can choose as many as you wish to refine your search.

Once you see a table listing schools that have the characteristics you’ve chosen, click on each of the school names to compare the schools on the list. The individual school profiles will provide a wealth of information to help you determine which colleges you’d like to investigate further—school size, average cost of attendance and programs/majors offered are just a few things to check out. You can even find each college’s school code that you’ll need if you choose to add that school to your FAFSA!
Adding a college code to your FAFSA doesn’t mean you’re making any commitments to that school. It simply gives the financial aid office on that campus permission to see the data from your FAFSA, so they can determine how much financial aid you may qualify for at their school.

Give OKcollegestart.org a try! You’ll be amazed at what you’ll find there! Don’t forget to complete your 2021-2022 FAFSA as soon as possible!

Homeless Students and the FAFSA

The Free Application for Federal Student Aid (FAFSA) asks up to three questions about homelessness. They ask if you’ve been determined as an unaccompanied youth who was homeless, or you were self-supporting and at risk of becoming homeless any time since July 1, 2020…if you’re completing the 2021-2022 FAFSA. This timeframe is based on the year prior to the academic year for which you will need financial aid for college.

The homeless determination can be given by:

  • A high school or school district homeless liaison,
  • A director of an emergency shelter or transitional housing program funded by the U.S. Department of Housing and Urban Development, or
  • A director of a runaway or homeless youth basic center or transitional living program.

A student is considered unaccompanied if he or she is not in the physical custody of a parent or guardian. A student is considered homeless if he or she lacks fixed, regular, and adequate housing. This includes students who are living in shelters, motels, cars, parks, or who are temporarily living with other people because they have nowhere else to go. Students are also considered homeless if they are fleeing an abusive parent who would otherwise provide the student with financial support and a place to live.

If you answer yes to any one of the questions about homelessness on the FAFSA, you’ll be considered an independent student; therefore, you won’t have to provide your parents’ income information on the application. Later, you may be asked by a financial aid administrator to provide a copy of the homeless youth determination. If you did not receive a determination provided by one of the officials listed above, you’ll be considered a dependent student on the FAFSA, but you may ask a financial aid administrator to consider making their own decision. The aid officer will probably ask you for additional documentation before reaching a decision.

When providing a street address on your FAFSA, follow these instructions given by the U.S. Department of Education: “You must provide a mailing address where you can reliably receive mail. Your mailing address can be the address of a relative or friend who has given you permission to use it, or it can be your college’s address. If you want to use your college’s address, you must contact the school for permission and instructions to ensure that your mail reaches you.” Don’t forget to update your FAFSA later when you find more permanent housing.

For more information and a list of additional resources for homeless students, read Questions and Answers: Federal Student Aid and Homeless Youth from StudentAid.gov.

We wish you the very best as you begin your journey to a bright future!