How to Apply / Types of Financial Aid






Yep, it’s true. Financial aid can come from federal, state, school, and private sources to help you pay for college or career school. 🤯 Here’s everything you need to know: bit.ly/2sBXJQr

2019-20 Student Aid Reference Sheet

youtube_social_squircle_white Types of Federal Student Aid
youtube_social_squircle_white About Federal Student Aid

Student Classifications

Undergraduate Student Aid Basics

Financial aid is based on the premise that you, and in the case of dependent students, your parents are primarily responsible for providing for your educational expenses, and it is intended to supplement student and family contributions toward educational costs. Financial aid comes from many sources, including federal and state government, private organizations, and Eastern Oregon University’s institutional funds. These funds consist of grants, scholarships, federal work study, subsidized loans, unsubsidized loans, and parent loans.

Who is eligible?

Eastern Oregon University uses the Free Application for Federal Student Aid (FAFSA) to determine your financial need and eligibility for various programs. Your financial aid award is designed to meet as much of your financial need and eligibility as possible, and is determined by your need level as determined by the FAFSA, and by the availability of funds. Eastern Oregon University offers merit-based scholarships, as well as need and non-need based financial aid. For a complete list of federal eligibility requirements, visit the Federal Student Aid website.

What types of aid are available from the FAFSA?

The FAFSA is a federal aid application for both need-based and non-need based financial aid. For eligible students, a FAFSA application will generate a federal student loan offer. Beyond the loan offer, students determined to have high levels of need may also be considered for grants and other types of aid. Review the Types of Financial Aid heading above for additional information.

International Students

Eastern Oregon University offers and administers a number of scholarships and tuition remission programs for qualified international students. Scholarship and award information for newly admitted and continuing students, undergraduate and graduate students can be found on the Multicultural & International Scholarship Opportunities webpage. Please note that international students are not eligible for U.S. federal financial aid.

Undocumented and DACA Students

Students who do not meet the citizenship or eligible non-citizenship criteria for the Free Application for Federal Student Aid (FAFSA) may still be eligible for other types of financial aid including grants and scholarships. Find out more on OSAC’s ORSAA website, the Scholarships Available to Undocumented Students handout, and on The Dream.US webpage.

To apply for federal aid you must:

1. Make sure you meet federal eligibility requirements to receive financial aid.

2. Fill out the Free Application for Federal Student Aid (FAFSA) each year on the FAFSA webpage or by using one of the FAFSA mobile applications:

AppStore Google

You may apply as early as Oct 1st using previous year tax data from 2 years prior (for example, the 2020-21 application will use 2018 tax information). We recommend using the direct data download to import the information from your IRS tax return. More information on how to utilize the IRS data retrieval tool may be found on the FSA website.

Remember, if the FAFSA determines you are a dependent student, you must include parent information and the FAFSA cannot be processed until it is signed by both student and parent. A Dependency Status Appeal may be filed with the Financial Aid Office if you have exceptional family circumstances that you believe should classify you as independent. Please review the Dependency Status Appeal form for additional information on how this appeal process works.

3. List Eastern Oregon University on your FAFSA application using our school code, 003193.

4. The priority FAFSA application date deadline for Eastern Oregon University varies year to year, depending upon application volume. This date is used to determine eligibility for some need-based aid programs as well as State and Institutional funds. Applications received after the priority deadline will still be eligible for federal aid such as the Pell Grant and Direct Loans.

5. Apply for admission to Eastern Oregon University: Apply Online. You will not be considered for any financial aid award until you have applied to the University.

6. After your FAFSA has been received, you may be sent an email request for additional information. Once admitted, you will be able to login to your Moutie Hub account to view the requirements and the requested forms. If you have been selected for verification, our Verification FAQ’s page will help you with this process.

7. When all outstanding requirements have been satisfied and your FAFSA has been processed, you will receive an email notification that your aid offer is ready to accept.

8. Accept your financial aid award through Mountie Hub.

Applying as a Transfer Student

When transferring to another institution, it is important to understand that each institution may award you different amounts and types of aid. Awards are determined by eligibility, the cost of attendance at each school, and the total number of aid dollars available at each school. To begin the process of requesting aid at a different institution, simply add your new school’s code to the FAFSA, that school will then receive your FAFSA application and begin the process of awarding you financial aid.

You should also contact the financial aid office of the school you will be attending to determine:

  1. their aid application procedures
  2. what aid is available
  3. what forms may be required
  4. if you must be admitted before your file will be reviewed
Transferring to Eastern Oregon University:

To start the financial aid process at Eastern Oregon University you must first have applied for admission. Below is a helpful checklist to make sure your transition is smooth and successful.

1. Apply for admission to Eastern Oregon University: Apply Online.

2. Add Eastern Oregon University to your financial aid application (FAFSA) by adding our school code (003193) online at fafsa.ed.gov or by calling the FAFSA processor at 1-800-433-3243.

3. Contact your current school’s financial aid office and cancel any financial aid for subsequent terms. You cannot receive aid at more than one school at a time so it is critical that this process occur.

4. After your FAFSA has been received, you may be sent an email request for additional information. Once admitted, you will be able to login to your Mountie Hub account to view the requirements and the requested forms. If you have been selected for verification, our Verification FAQ’s page will help you with this process.

5. When all outstanding requirements have been satisfied and your FAFSA has been processed, you will receive an email notification that your aid offer is ready to accept.

6. Accept your financial aid award through Mountie Hub.

Applying For Scholarships

Eastern Oregon University is committed to recruiting and retaining motivated, diverse, and driven students. In an effort to assist with the expenses involved in a high caliber education, incoming freshman students are automatically considered for University Scholars Program scholarships based on their application for admission prior to the February 1 deadline. New and returning students may also apply for additional scholarships and through the Foundation application portal.

Resources for Students Who Are Not Federal Aid Eligible
International Students

Eastern Oregon University offers and administers a number of scholarships and tuition remission programs for qualified international students. Scholarship and award information for newly admitted and continuing students, undergraduate and graduate students can be found on the Multicultural & International Scholarship Opportunities webpage. Please note that international students are not eligible for U.S. federal financial aid.

Undocumented and DACA Students

Students who do not meet the citizenship or eligible non-citizenship criteria for the Free Application for Federal Student Aid (FAFSA) may still be eligible for other types of financial aid including grants and scholarships. Find out more on OSAC’s ORSAA website, the Scholarships Available to Undocumented Students handout, and on The Dream.US webpage.

October

The FAFSA form is available for submission beginning October 1st each year. You will submit your FAFSA using the tax information from 2 years prior. That means your 20/21 FAFSA will use the information from the taxes you filed in 2018. Most students and parents should be able to download their tax information into the FAFSA using the IRS data retrieval tool.

EOU’s FAFSA Priority Deadline varies year to year, depending on application volume. The initial FAFSA filing date is used for awarding limited funds, so earlier is better. FAFSA applications submitted after the priority deadline may still be eligible for federal financial aid such as the Pell Grant, Federal Direct Loans, and PLUS Loans.

November/December

Now is a good time to start searching for scholarships for the next year. There are many resources available to aid you in your search, such as EOU’s Scholarship webpage, Oregon Office of Student Access and Completion’s (OSAC) Scholarship Application for Oregon residents, and a number of online search engines as well!

February

If you are an incoming freshman student who wants to be considered for EOU institutional scholarships, the admissions application priority deadline is February 1st.

EOU Foundation and departmental scholarship application deadline is February 1st.

OSAC Early Bird Scholarship Application deadline is February 15 – 5pm PST each year: Early Bird deadline. Complete applications (including transcripts) submitted by this date and time receive an early review, and error-free Apps will be entered into a drawing for one of several $1,000 Early Bird scholarship awards. Visit the OSAC website for additional information.

March

OSAC Scholarship Applications are due March 1st. Visit OSAC for more information.

April

Financial aid award letters are sent to incoming applicants.

Student Aid Basics

Apply for Federal Aid

Fill out the Free Application for Federal Student Aid (FAFSA) each year and be sure to list your year in college as 5th year/other undergraduate. Check out our Apply page for more information.

Post-Bacc Federal Aid Eligibility

You must specifically request financial aid with the Post-baccalaureate Financial Aid Request form.

As a student seeking your second bachelor’s degree, you may be eligible to receive Federal Direct loans. We are not able to offer post-bacc students federal need-based grants such as the Pell Grant or SEOG. You have the same yearly and aggregate loan maximums as other undergraduates. If you are considered a dependent student, your parent may also apply for the Parent PLUS loan on your behalf. Check out our loan programs webpage for more information.

Yearly Undergraduate Federal Direct Loan Limits

Dependent student: maximum of $5,500, freshman, $6,500 sophomore, $7,500 junior/senior

Independent student: maximum of $9,500 freshman, $10,500 sophomore, $12,500 junior/senior

Aggregate Federal Direct Loan Limits (combined maximum for all years of seeking an undergrad/post-bacc degree)

Dependent student: maximum of $31,000

Independent student: maximum of $57,500

*You may view your loan history at nslds.ed.gov website.

*There are additional limits on Federal Direct Subsidized loans. More information on loan limits may be found on the FSA website.

*Dependent student loan maximums may increase to match the independent amounts in cases where the parent is credit denied for the Parent PLUS loan for that aid year. After the parent is credit denied for that year, the student may request an increase by submitting a student loan revision form.

*Full details on federal loan requirements, origination fees, interest rates, maximums, grace periods, and other information may be found on the FSA website.

Enrollment Requirements

To receive federal loans you must be enrolled at least halftime (6-8 credits). Your aid is initially packaged based on the expectation of full time enrollment. To avoid disbursement delays and last minute adjustments, you must submit an enrollment revision form to let us know if you plan to be less than full time for the year. If our office has not been notified of your enrollment plans, your aid will be adjusted and disbursed after the Financial Aid Census Date for that term.

Private Supplemental/Alternative Loans

Private/Alternative loans are loans obtained from a bank, credit union or other lending agency. For most students, federal loans are a better option and should be utilized before private loans are considered. Alternative loans require a credit check and may have higher, variable interest rates. They also do not offer the flexible repayment, consolidation, and loan forgiveness that may be available with federal loans. More information on these loans may be found on the private loan section of our website.

Scholarships

We recommend starting your scholarship search by contacting your department or searching the Foundation scholarship webpage for available departmental scholarships. You may also find more information about searching for departmental, OSAC, and private scholarships on our webpage.

Maintaining Aid Eligibility

Understanding federal aid requirements, conditions, and limitations is essential! We encourage all students to take the time to review financial aid Terms and Conditions, Participation Requirements, Satisfactory Academic Progress Requirements, Census Date, and the return of federal funds that may be required in the case of withdrawing or failing to complete courses.

Student Aid Basics

Graduate students typically pay for their education through a combination of loans, scholarships, grants, fellowships and employment through their institution.

There are some departments who are able to fund students through various grants and fellowships as well as teaching assistantships and research assistantships. You can learn more by visiting your academic department’s website.

International Students

Eastern Oregon University offers and administers a number of scholarships and tuition remission programs for qualified international students. Scholarship and award information for newly admitted and continuing students, undergraduate and graduate students can be found on the Multicultural & International Scholarship Opportunities webpage. Please note that international students are not eligible for U.S. federal financial aid.

Federal Financial Aid

Degree seeking graduate students may apply for federal student aid by completing the FAFSA application at FAFSA.gov each year. If the student is eligible, the FAFSA will result in an offer for a Federal Direct Unsubsidized loan. The FAFSA form will also allow the student to apply for the Graduate PLUS loan online if they need additional aid. Both of these federal loans require the student to be enrolled at least halftime in a degree-seeking program. Graduate students are not eligible for Federal Pell Grants or Federal Direct Subsidized loans.

Federal Direct Unsubsidized Loan

  • A graduate (non-professional) student may receive up to $20,500 per year in federal direct loans.
  • The aggregate maximum for a graduate (non-professional) student is $138,500.
  • The interest rate and origination fee for the Federal Direct unsubsidized loan can be found on the FSA website.
  • You must complete the Entrance Counseling and Federal Direct Loan Master Promissory Note (MPN) online at StudentLoans.gov.
  • Graduate PLUS Loan

  • The Federal Direct Grad PLUS Loan is a credit based loan borrowed by graduate students to assist with educational expenses.
  • You may to borrow up to your remaining cost of attendance after all other aid.
  • The loan does not have an aggregate limit.
  • The loan is unsubsidized meaning you are responsible for paying the interest during times of deferment.
  • The interest rates and origination fees on the Federal Direct Grad PLUS Loan vary by year and can be found on the FSA website.
  • You must complete a Direct PLUS Loan Application, Entrance Counseling, and Master Promissory Note (MPN) online at StudentLoans.gov.
  • The credit check, run as part of the application, is only valid for 180 days. Do not complete the application before May of the year you will start attendance.
  • Applicants who have been determined to have an adverse credit history, but qualify for a Graduate PLUS loan by documenting extenuating circumstances or obtaining an endorser, must complete a new Master Promissory Note and PLUS Counseling online at StudentLoans.gov.
  • Enrollment Requirement for Federal Loans

    To receive federal loans, a graduate student must be enrolled at least halftime (5-6 credits each term). Aid is packaged based on the expectation of full time enrollment. To avoid disbursement delays, you must submit an enrollment revision form to let us know if you plan to be less than full time for the year. If our office has not been notified of your enrollment plans, your aid will be adjusted and disbursed after the Financial Aid Census Date for that term.

    *Graduate certificate seeking students may only receive aid based on credits that are required for their certificate program.

    Private Supplemental/Alternative Loans

    Private/Alternative loans are loans obtained from a bank, credit union or other lending agency. For most students, federal loans are a better option and should be utilized before private loans are considered. Alternative loans require a credit check and may have a higher, variable interest rates. They also do not offer the flexible repayment, consolidation, and loan forgiveness options that you get with federal loans.

    GTA/GRA Impact on Financial Aid?

    Graduate assistantships count as estimated financial assistance (EFA) in your overall Cost of Attendance (COA) since they reduce your tuition and fees. Because we cannot award you federal student aid and loans that exceeds your COA, a graduate assistantship could reduce the amount of graduate loans you would be eligible for. Please contact the Financial Aid Office if you would like to discuss your particular situation.

    Graduate Certificate Programs

    Not all graduate certificate programs are eligible for federal financial aid. Please contact the Office of Financial Aid for a list of programs that are currently aid eligible.

    Students in aid eligible graduate certificate programs may only receive federal loans based on enrollment in courses that are required for that program. Other courses may not be counted towards the minimum halftime enrollment that is needed for federal loan eligibility. For the list of required courses, please review the course catalog or contact your academic advisor.