There are many myths about financial aid, but each year, 75% of OU students who apply for financial aid are awarded some type of financial assistance. For the 2015-2016 academic year, the total amount of aid for those recipients was over $240 million from a combination of scholarships, grants, loans, work-study and tuition waivers.
To ensure that you keep all of your options open for covering your cost to attend OU, complete the Free Application for Federal Student Aid (FAFSA) starting October 1. Here are a few notes that will help you throughout the application process, but if you have additional questions, please visit OU's Financial Aid Services website or contact your financial aid counselor.
The taxes you completed this year will be used to complete the FAFSA
The FAFSA (or Free Application for Federal Student Aid) is the government-provided application for need-based funds to help pay for college. OU highly recommends completing the FAFSA regardless of family's income. Nearly 75% of OU students who apply for financial aid receive some type of assistance.
The FAFSA opens October 1
Families can begin the FAFSA starting October 1 at fafsa.ed.gov. It takes about 30 minutes to complete and you'll need these 3 items:
- Social security number (or permanent resident card)
- Any W-2s you received in the past year
- Tax records from 2016
You'll need to add OU's Federal School Code when completing the application so that we receive the students information. Our code is: 003184
Once at fafsa.ed.gov, create a FSA ID
The first thing your family will do when you start the FAFSA is create a username and password called a FSA ID. This will serve as your electronic signature. You only have to create an FSA ID once, and you can use it each year to renew your financial aid information.
Submit the FAFSA & your OU application by December 15
OU's priority scholarship deadline and priority FAFSA filing date is December 15. Be sure the student submits the OU application AND the FAFSA by December 15 to be considered for freshman scholarships and financial aid. Financial aid can't be awarded unless the student has been admitted to OU.
You could receive 3 types of aid
OU will begin sending financial aid awards in the spring. You don't have to accept all or any of the financial aid you're awarded, but here are the three types of aid you could receive:
- Loans - These will have to be paid back.
- Grants - Awarded like a scholarship, grants don't have to be paid back.
- Work Study - Students are awarded an on-campus job to help offset cost.
Connect with your Financial Aid Counselor
Financial Aid Resources
- OU's financial aid code is 003184
- To see what you may qualify for, take a look at our Net Price Calculator.