2015-2016 Financial Aid Process
To begin the Financial Aid process, you will first need to fill out the Free Application for Federal Student Aid (FAFSA). The
FAFSA is used to apply for federal student aid such as grants, work-study, and loans. You can complete the FAFSA
electronically by using FAFSA on the Web at www.fafsa.ed.gov.
o Fall 2015 -Summer 2016 **** Fill out 2015-2016 FAFSA (using 2014 Tax information)
o 2015-2016 FAFSA should be filled out before March 1, 2015 in order to be eligible for certain additional federal
and state aid.
The FAFSA will ask you for a school code; OSUIT’s school code is 003172
You will also need to create an FSA ID for the purpose of electronically signing the FAFSA; the site for the FSA ID is
www.fsaid.ed.gov. You and your parent (if you are a dependent student) both will need an FSA ID.
NOTE: You are considered an INDEPENDENT student by the U.S. Department of Education ONLY if you meet the
following qualifications; otherwise, you are a DEPENDENT student:
o You are enrolled in a Master’s program, Doctorate Degree, or graduate Certification program;
o age does not matter, if you are enrolled in any of these types of programs you are considered an
independent student;
o You have a child or children that are your legal dependent(s), receiving more than 50% of their financial support
from you during the calendar year;
o you may have a family member etc. that is considered your dependent; he/she does not necessarily
have to be a child;
o You are married;
o You are under the age of 24 and both of your parents are deceased;
o You were a ward of your state until you were 18 years of age;
o You are 24 years of age or older;
o You are a Veteran of the United States Armed Force;
o You were a foster child after the age of 13;
o You are an emancipated child as determined by a court judge; and/or
o You are homeless or at risk of homelessness as determined by the director of a HUD approved homeless shelter,
transitional program, or high school liaison.
On the FAFSA application, use the IRS data retrieval process to obtain tax return information if you are eligible to do so
and have filed your federal taxes online at least 2 weeks prior. Don’t make changes to the IRS data.
o
Request an IRS Tax Return Transcript shortly after filing your taxes. You can do that online at
http://www.irs.gov/individuals/article/0,,id=110571,00.html or by calling 1-800-908-9946.
After The FAFSA
Our office will receive the FAFSA approximately 5 business days after the FAFSA is submitted. A missing information
letter (MIL) will be mailed to you if our office is requesting additional documentation or information (please read
carefully!)
o A list of documents required can also be found on your Web4Students :Under “Financial Aid” heading click
“Student Requirements” Your Web4Students can be accessed here: http://prodokm.okstate.edu
Once the financial aid office reviews all required documentation and completes the verification process (if required) the
financial aid file will be complete.
An award letter will be mailed to you. You may also review your award by logging onto OSUIT’s Web4Students:
o Under “Financial Aid” heading, click on “Award Information by Year” to review all awards we have for you.
o
o
Under “Financial Aid” heading, select “Accept Awards” to be sure you have accepted your awards (not all
awards will require you to complete this step, if there is a drop-down box, it requires you to accept/decline)
Check disbursements and refunds on Web4Students
Be sure you are familiar with the Financial Aid Standard of Academic Progress at
http://www.osuit.edu/admissions/financial_services/policies.php.
Direct Loans: Be sure all steps are completed. (Accept your loans on Web4Students complete your Master Promissory
note and entrance counseling (if you are a first time borrower) at www.studentloans.gov.)
LifeSkills: First time borrowers also will complete three LifeSkills sessions found at www.lifeskills.org. School code is
003172, student access code is 00317202, you must use your OKey email address or the lessons will be blank.
Perkins Loans (If awarded): Accept Perkins Loans on Web4Students. Complete the Perkins Loan Master Promissory
Note and Entrance Counseling at www.ecsi.net after you receive an email from ECSI (the loan servicer for Perkins Loans)
with information on how to login and finish this process.
OTAG, Oklahoma’s Promise (OHLAP): is awarded after the funds have been received, usually towards the middle of the
semester. No action is required on your part. You must file your FAFSA by March 1st and have an Estimated Family
Contribution (EFC) of less than 1700 to qualify.
Scholarship Information
OSU Institute of Technology offers Tuition Waiver Scholarships and Foundation Scholarships. When you complete an
application for admission, you are automatically considered for our university’s scholarship tuition waivers. We
recommend that you apply at least 3 months prior to the start of the school semester as funding is limited and exhausts
very quickly. For the most scholarship consideration, complete the admissions process and enroll as early as possible.
For more information, please see our tuition waiver scale. (http://www.osuit.edu/forms/2010/tuition_waiver_scale.pdf)
Please visit the scholarship services webpage at http://www.osuit.edu/admissions/scholarships/. For more information
or contact the Scholarship Counselor with OSUIT Financial Aid and Scholarships at 918-293-5282 or 1-800-722-4471 or
[email protected].
OSUIT Financial Aid & Scholarships
1801 E. 4th St.
Okmulgee, OK 74447
Tele: 918-293-4684
Fax: 918-293-4650
Email: [email protected]
www.OSUIT.edu/SFS