1. Financial Aid Workshop
with Joshua Moore
Ohio University Lancaster Campus

2. Workshop Topics: Sources and types of financial aid How to apply
How financial need is determined
How financial aid is awarded

3. Sources of Financial Aid:
Federal
State
Institutional
Private

4. Types of Financial Aid:
Gift Aid
Scholarships
Work Aid
Loan Aid

5. Gift Aid Federal Pell Grant Ohio College Opportunity Grant
College or University Grants

6. Scholarships College Scholarships Local Scholarships
OU-Lancaster – 32 scholarship options

7. Work Aid Federal College Work-Study Program
Other types of student employment

8. Loan Aid Federal Subsidized Stafford Loan – 4.45%
Federal Unsubsidized Stafford Loan – 4.45%
Federal PLUS (For dependent students) - 7%

9. Direct Loans 2018-2019 (No Changes)
Class Year
Maximum Subsidized Amount
Additional Unsubsidized Amount
Total Available to Borrow
Freshman
$3,500
$2,000
$5,500
Sophomore
$4,500
$6,500
Junior
$7,500
Senior
Stress that the student’s must have demonstrated financial need to have subsidized loans. A freshman with a $100,000 EFC will still get the total $5,500 in loans, but it will all be unsubsidized.
For Undergraduates, Independent Students and Dependent Students whose parents have been denied the PLUS Loan are eligible for additional Direct Unsubsidized Loans ($4,000 as Freshmen and Sophomores and $5,000 as Juniors and Seniors).

10. How to apply:
Free Application for Federal Student Aid (FAFSA) on the web
Scholarship Applications
Scholarship Deadlines

11. Web Sites fafsa.gov fastweb.com ed.gov/ finaid.org
ohiou.edu/financial-aid
ohio.edu/lancaster

12. Free Application for Federal
The Application
Free Application for Federal
Student Aid
School Year
Available October 1, 2018
FSA ID

13. FAFSA Overview Social Security Numbers for Student/Parent
Student Driver’s License
2017 Federal Tax Returns (Student/Parent)
2017 untaxed income records (Student/Parent)
Includes child support paid/received, other income not included in the IRS Adjusted Gross Income
Current bank statements (Student/Parent)
Current business and investment records (Student /Parent)
Selective Service Number for Student

14. FAFSA Overview
The FAFSA on the Web Worksheet prepares families to complete the FAFSA online. It provides questions from the online version. It is not required and should not be mailed.
A PDF version of the FAFSA is available for printing from

19. These fields are pre-filled based on FAFSA responses.

20. Evaluating Eligibility
Student’s Income and Assets
Parent’s Income and Assets
Family Assets (Savings, Investments, etc.)
Family Size
Number in College

21. How financial need is determined
Cost of Education
- Estimated Family Contribution (EFC)
= Financial Need (your award)

22. How financial need is determined
Private College $40,000 -$ 5,000 $35,000
Public College $25,000 - $ 5,000 $20,000

23. Satisfactory Academic Progress
Students must maintain Satisfactory Academic Progress (SAP) in order to continue receiving financial aid. Criteria include:
Grade Point Average (GPA) of at least 1.75 at the end of your freshmen year. GPA of 2.00 at the end of each subsequent year.
Minimum Completion Percentage (MCP) of at least 67%. This means passing grades in 67% or more of the courses you attempt in your academic year.

24. How financial aid is awarded
Financial need is determined
The college or university makes an award offer to those that have applied
The student responds to that award offer

25. Alternative Sources: Institutional payment plans Employer Assistance
Labor Unions
Community/Service Organizations
H.S. Guidance Offices