Tuition and Financial Aid
Financial aid information presented here is for undergraduate students at all Oakland University centers. Graduate students and SAEL students should refer to the graduate financial aid or AEL financial aid pages of this website.
Tuition recommendations for upcoming years are approved by the Board of Trustees one year in advance. This information is subject to change without notification.
Financial Aid Overview
Financial Aid is available to students through federal and state programs. Federal and State Awards are subject to all Title IV Federal financial aid regulations. Students apply for the federal and state programs by filing the Free Application for Federal Student Aid (FAFSA) form. University grants and scholarships are also available.
Questions about applying for financial assistance should be referred to the Office of Financial Aid at (812) 749-1224.
Financial Aid Office Hours
Monday through Friday
8:00 a.m. to 4:30 p.m.
James W. Murray Center, Room 207
Toll-Free Phone: (800) 737-5125
Phone: (812) 749-1224
Phone: (812) 749-1436
Fax: (812) 749-1438
Mailing address:
Oakland City University
Attn: Direct Loan Processing
138 North Lucretia Street
Oakland City, IN 47660-1038
Financial Aid Eligibility Requirements
- For most federal and state student aid, you must have financial need. Unsubsidized loans and parent loans are exceptions.
- You must be a United States citizen or an eligible non-citizen.
- You must have a high school diploma or GED.
- You must have a valid Social Security number. Your name on financial aid applications must exactly match the name on your Social Security card.
- You must make satisfactory academic progress (SAP).
- You must register with the Selective Service, if required. If you are a male age 18 through 25 who has not yet registered with Selective Service, you can register at www.sss.gov or you can give Selective Service permission to register you by checking a box on the FAFSA.
- You must sign the FAFSA statement certifying that you are not in default on a federal student loan and that you do not owe money on a federal student grant.
- You must be admitted to an eligible program as a regular student working toward a degree. (You may not receive aid if you are enrolled as a guest student.)
Academic Standards required for Financial Aid Recipients:
Students who receive federal or state financial assistance (including student and/or parent loans) are required to make satisfactory progress toward the completion of their degree.Satisfactory progress is measured by the number of credits successfully completed (academic progress) each year and students' cumulative grade point average after each semester. In addition, students are limited to 125 percent of the published timeframe for their degree.This policy sets the minimum standards for evaluating satisfactory academic progress for federal and state financial assistance. State Grant programs are an exception to the 125 percent rule, their programs are limited to 8 semesters.
Academic Progress—Academic progress for financial assistance is based on the number of credit hours completed each academic year.Students must complete 80% of the hours they attempt per academic year.Students have the summer semester to make up the progress required.If a student has extenuating circumstances, a letter of appeal should be addressed to the Financial Aid Office.
Cumulative Grade Point Average—Financial Aid recipients are required to maintain the minimum grade point average as they progress toward the achievement of their degree. The Cumulative GP is based on the University’s academic standards found in the University’s Catalog. The Registrar’s Office determines the GPA at the end of each semester. Students who fall below “Good Academic Standing” are placed on Academic Probation. A student is allowed one semester to bring their GPA back up to the required GPA. If the student is placed on Academic Probation a second semester consecutively the students loses their financial aid until the GPA requirement is met>.
Free Application for Student Aid (FAFSA)
To be considered for state financial aid, the Free Application for Federal Student Aid (FAFSA) must be received by the Federal Processing Center on or before the filing deadline. See the financial aid calendar below for deadline information.
To file the FAFSA: complete the form online.
To file the FAFSA online, go to http://fafsa.gov. When filing online, a student may request a personal identification number (PIN) to sign his or her application electronically, or a student may print out a signature page, sign it, and mail it to the Department. Instructions are available on the FAFSA website.
Note: Your PIN number serves as your personal identifier. Keep it private and safe to guard against identity theft. Do not share your PIN number with any other individual, the Financial Aid Office, or any other administrative office.
The Oakland City University School Code for use on the FAFSA is 001824.
Once your FAFSA is processed, Oakland City University will receive your processed information in a Student Aid Report (SAR). The electronic version of the SAR is referred to as Institutional Student Information Records (ISIR).
Your ISIR may or may not be selected by the Department of Education for a process called verification. If it is, Oakland City University will request documentation from you to verify your report.
Once the verification process is complete, or if verification of your ISIR is not required, you will receive an Award Letter from the OCU Financial Aid Office showing the type and amounts of financial aid you are eligible to receive.
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