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Low income tuition assistance program

Friday, February 15, 2008  
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As college tuition continues to climb and federal and state aid fail to keep pace, students and their parents are finding it increasingly difficult to finance their college education.

The rising cost of tuition puts a particularly heavy strain on low-income families and may prevent those students from attending a college or university. And those who can qualify for loans frequently incur large debts that create further financial strain on the family.

To help make college more affordable for low income families, Oklahoma Christian University's (OC) Student Financial Services department has developed a scenario of aid packages that would allow, for example, a student with a composite score of 22 on the ACT from a family with less than $30,000 adjusted gross income, to attend OC with all tuition paid by financial aid.

“Thanks to state and federal aid grants, several scenarios exist that will allow us to guarantee some needy students full tuition next year,” said Clint LaRue, director of student financial services. “We believe that finding innovative approaches to assisting students with their tuition costs is vital if we are to realize our mission of transforming lives for Christian faith, scholarship and service.”

“The OC administration and board remains sensitive to the concerns of families and students who struggle to afford private higher education, and we are doing all we can to keep the cost increases to a minimum while also maintaining an unrelenting commitment to excellence,” said OC President Mike O'Neal. “A major effort of our commitment to our students is to assist them with financing their education at Oklahoma Christian.”

OC increased tuition for the 2008-2009 academic year by 4.8%, from $14,020 to $14,690 but remains priced well below most other high-quality, private, four-year universities. Students receive much of the tuition back in the form of institutional grants and financial aid. This year, from its own resources, OC awarded $12.9 million in grants and scholarships to undergraduate students, compared to $11.1 million last year. Approximately 96% of OC students receive some form of scholarship or grant.

Below are a few scenarios that could give students from low-income families enough aid to cover all or most of OC's annual tuition of $14,690. Other scenarios are available for families with incomes larger than $30,000 that may qualify them for a financial aid package similar to the ones listed below. Within four or five days of receipt of a student's Free Application for Federal Student Aid (FAFSA) and ACT or SAT score, the OC student financial services office will notify the student of their total financial aid package.

  1. Scenario 1
    1. Parent Adjusted Gross Income (AGI) less than $30,000
    2. Oklahoma resident
    3. 25-27 ACT
    4. Free Application for Federal Student Aid (FAFSA) submitted by April 1

i. $6,000 - Presidential Access Success Scholarship (PASS)

ii. $4,731 – Pell Grant

iii. $ 525 – Supplemental Education Opportunity Grant (SEOG)

iv. $2,000 – Oklahoma Tuition Equalization Grant (OTEG)

v. $1,300 – Oklahoma Tuition Aid Grant (OTAG)

vi. $14,556 – TOTAL FINANCIAL ASSISTANCE

  1. Scenario 2
    1. Parent AGI less than $30,000
    2. Oklahoma resident
    3. 28-31 ACT
    4. FAFSA submitted by April 1

i. $8,000 - PASS

ii. $4,731 – Pell Grant

iii. $ 525 – SEOG

iv. $2,000 – OTEG

v. $1,300 – OTAG

vi. $16,556 – TOTAL FINANCIAL ASSISTANCE

  1. Scenario 3
    1. Parent AGI less than $30,000
    2. Oklahoma resident
    3. 32+ ACT
    4. FAFSA submitted by April 1

i. $10,000 - PASS

ii. $4,731 – Pell Grant

iii. $ 525 – SEOG

iv. $2,000 – OTEG

v. $1,300 – OTAG

vi. $18,556 – TOTAL FINANCIAL ASSISTANCE

  1. Scenario 4
    1. Parent AGI less than $30,000
    2. Oklahoma resident
    3. 22-24 ACT
    4. Qualifies for “Oklahoma's Promise” also known as Oklahoma Higher Learning Access Program (OHLAP)
    5. FAFSA submitted by April 1

i. $4,000 – PASS

ii. $4,731 – Pell Grant

iii. $ 525 – SEOG

iv. $2,000 – OTEG

v. $1,300 – OTAG

vi. $2,280 – OHLAP

vii. $14,836 – TOTAL FINANCIAL ASSISTANCE

  1. Scenario 5
    1. Parent AGI less than $30,000
    2. 28-31 ACT

i. $8,000 – PASS

ii. $4,731 – Pell Grant

iii. $ 525 – SEOG

iv. $14,006 – TOTAL FINANCIAL ASSISTANCE

  1. Scenario 6
    1. Parent AGI less than $30,000
    2. 32+ ACT

i. $10,000 – PASS

ii. $4,731 – Pell Grant

iii. $ 525 – SEOG

iv. $16,006 – TOTAL FINANCIAL ASSISTANCE

For more information about Oklahoma Christian, log on to www.oc.edu.

Oklahoma Christian, a private, four-year comprehensive university, offers degree programs in more than 60 fields of study in three colleges: the College of Arts and Sciences, the College of Biblical Studies and the College of Professional Studies. The university also offers two graduate degree programs in Biblical studies in addition to one- and two-year master of business administration programs. In addition to its Oklahoma City campus, it operates Cascade College in Portland, Oregon, and has study abroad opportunities in Vienna, Austria, Honduras, and throughout the western Pacific.

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