1. Financial Aid Workshop
with Pat Fox
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
Federal Supplemental Educational Opportunity Grant
College or University Grants

6. Scholarships College Scholarships Local Scholarships
Plus many more....

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

8. Loan Aid Federal Perkins Loan – 5% *
Federal Subsidized Stafford Loan – 4.29%
Federal Unsubsidized Stafford Loan – 4.29%
Federal PLUS (For dependent students) – 6.84%

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

10. Web Sites fafsa.gov fastweb.com ed.gov/ finaid.org
ohiou.edu/financialaid
Finaid Search

11. 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.

12. Free Application for Federal
The Application
Free Application for Federal
Student Aid
School Year
FSA ID

13. FAFSA Overview Social Security Numbers for Student/Parent
Student Driver’s License
2015 Federal Tax Returns (Student/Parent)
2015 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. Evaluating Eligibility
Student’s Income and Assets
Parent’s Income and Assets
Family Assets (Savings, Investments, etc.)
Family Size
Number in College

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

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

22. 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

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