Applying for and Maintaining Financial Aid
What is financial aid?
There are many different types of financial aid available at Eastern, including Pell Grants, Supplemental Education Opportunity Grants, Academic Competitiveness Grant, Oklahoma Tuition Aid Grants, Tribal Grants and Scholarships, Work Study Programs, Direct Loans (Subsidized/Unsubsidized) and Direct Parent PLUS.
Where do I begin?
Each student who wishes to apply for financial aid will need to complete the Free Application for Federal Student Aid (FAFSA), which can be obtained from Eastern's Office of Financial Aid, high school counselors, libraries or by phone at 1-800-4-FED-AID (1-800-433-3243). The fastest and easiest option is to apply online at www.fafsa.gov. You will need your family's tax information to complete the application. Eastern's financial aid code is 003155.
Do I qualify?
Financial aid is granted to students depending on their degree of need. Using the FAFSA, a student's degree of need is determined by an analysis of such factors as family income, number of children in a family, and value of family assets. The amount of "financial need" determines the amount of financial aid to be awarded.
As of July 1, 2012, students seeking federal financial aid at Eastern Oklahoma State College must have a high school diploma or GED. If a student does not have a high school diploma or GED, they can be directed to one of the following locations for information about the GED training programs.
McAlester Adult Learning Center
2801 N. "A" Street
Idabel Adult Learning Center
1203 SE Quincy Street
How are types of financial aid different?
Grants are need-based aid from the federal government and do not require repayment as long as students complete the semester. Loans, either federal or private, must be repaid. Federal work study enables qualified students to work around their class schedule and earn funds that are used toward their education. Students who qualify may be offered combinations of these types of aid depending on financial need and available funding.
Maintaining Financial Aid
Satisfactory academic progress (SAP) is used to define successful completion of coursework to maintain eligibility for student financial aid. Federal regulations require the college to establish, publish and apply standards to monitor your progress toward completion of your certificate or degree program. If you fail to meet these standards, you will be placed on financial aid warning or suspension. Your academic performance must meet the SAP standards below. The policy is separate and apart from other academic policies at the college.
Financial Aid Satisfactory Academic Progress Policy (pdf)
Financial Aid Suspension Appeal (pdf)
Federal Student Financial Aid Penalties for Drug Law Violations
A federal or state drug conviction can disqualify students for federal financial aid. For more information, view this explanation of penalties (pdf).
Ethical Principles and Code of Conduct
Eastern Oklahoma State College's Statement of Ethical Principles and Code of Conduct prohibits conflicts of interest in situations involving student financial aid and establishes standards of conduct for employees with responsibility for student financial aid. To learn more, view Eastern's Statement of Ethical Principles and Code of Conduct (pdf).
Private Education Loans
Eastern Oklahoma State College does not recommend, promote, or
endorse any lenders and does not have any preferred lender lists. The
federal government is the sole lender for the Federal Direct Student
Loans: Federal Direct Subsidized Stafford, Federal Direct Unsubsidized
Stafford, and Federal Direct Parent loans.
only consider obtaining private education loans after maxing out all
eligibility for federal aid: Federal Pell Grant, Federal SEOG Grant,
Federal Work-study, and Federal Direct Student Loans.
determine federal aid eligibility, students should complete the Free
Application for Federal Aid (FAFSA). Federal student loans often have
more favorable terms than private loans. Private education loans are a
last resort to meet education costs and should only be considered after
exhausting all other aid options (federal, state, and institutional).
Students should contact the Financial Aid Office prior to considering
private education loans. For more information about private education loans, visit the Smart Student Guide to Financial Aid website.
Financial Aid Forms
Visit the Financial Aid Forms page to download necessary forms.
Office of Financial Aid
Enrollment Center, First Floor Library
Financial Aid Director
Financial Aid Officer