Undergraduate Aid
Scholarships | Grants | Work Study | Loans
Scholarships
Oakland City University is committed to working with students and their families to ensure that private Christian education is affordable. Our desire is to assist students as they make financial decisions about college. Oakland City offers several forms of financial assistance to students based on academic achievement, athletic ability, and financial need. We also assist students with getting the most from government financial aid. Our financial aid professionals are here to help you navigate the processes. Please take time to review our financial aid and scholarship pages to see how you can receive a private, quality Christian education at an affordable price. We look forward to assisting you through the process and invite you to contact us with your questions.
Each year, Oakland City University students receive millions of dollars in financial assistance. We are committed to working with you to find a financial solution that allows you to meet your educational goals.
- University scholarships are awarded only to traditional undergraduate students at the Oakland City University main campus.
- Scholarships are awarded to students at the discretion of the University. All scholarships are awarded pending the receipt of the student’s final high school transcripts and/or college transcripts and standardized test scores by the Office of Admissions.
Based on your situation, you may qualify for merit based, endowed, or athletic scholarships.
Merit Based Scholarship
All students meeting the entrance eligibility requirements set forth by the University qualify for merit based aid. These awards are based on a combination of your high school GPA and standardized test scores. GPA is based on the student’s final high school transcript on a 4.0 scale. All merit based scholarships are renewable for 120 credit hours, provided that the student maintains the required 2.5 cumulative GPA. For more information regarding scholarships please call the OCU Office of Admissions at: (800-737-5125).
Endowed Scholarship
Endowed scholarships offered by the University are specific to areas of study and/or other criteria. All students are eligible to apply for institutional aid. The process involves an application procedure through the Financial Aid Office. Please contact the Financial Aid Office for further details.
Athletic Scholarship
Oakland City University is a NCAA Division II school. We currently offer 13 unique athletic opportunities for which athletic aid is available. Athletic aid is offered to those student athletes selected by the respective coach as eligible for collegiate participation. If you have a desire to participate as a student athlete at Oakland City University, please contact the appropriate athletic coach to schedule a conference or contact the Admissions Office for further information.
General Baptist Scholarship
The General Baptist Scholarship is available to freshman or transfer students who are undergrad, main campus. To be eligible, the student or the student's parents or the spouse of the student must be a member of a General Baptist church. This scholarship is renewable as long as the student remains academically eligible.
Military Scholarship
Oakland City University is proud to honor our service men and women by offering military scholarships for those students enrolled as undergraduates in the Adult and Extended Learning program. Please contact the Financial Aid Office for additional information and qualifications at (800) 737-5125 or (812) 739-1224.
More Scholarship Resources
Consult these websites for more scholarship information:
Grants
Federal and state grants are subject to all Title IV federal financial aid regulations. Eligibility for grants is determined by the Federal Needs Analysis. To apply, complete the Free Application for Financial Aid (FAFSA) form. For more information about FAFSA, see Tuition and Financial Aid.
For answers to questions about applying for grants, contact the Office of Financial Aid at (812) 749-1224.
Federal Grants
Federal Pell Grant
- Amount: Up to $5,500 per year. The amount is based on maximum awards allowed by state and/or federal regulations during the 2007-2008 academic year.
- Description: The Pell Grant is a federally funded grant program designed to aid undergraduate students who show financial need.
Federal Supplemental Educational Opportunity Grant (SEOG)
- Amount: Up to $3,000
- Description: The SEOG is a federally funded grant program providing up to $3,000 to aid undergraduate students who show a financial need.
State Grants
These awards are granted through the State Student Assistance Commission of Indiana. For more information on how to apply or who qualifies please visit their website: http://www.in.gov/ssaci/
Frank O'Bannon Indiana Higher Education Award
Indiana residents may qualify for the Frank O’Bannon Higher Education Award. This award was from $200 to $3100 for the academic year of 2011-12. To qualify for this award a student and their parent(s) (if the student is a dependent student) must be Indiana residents and must file the FAFSA by March 10. This grant is limited to 8 semesters and the student must be making academic progress to continue receiving this grant.
Frank O’Bannon Twenty-first Century Scholarship Award
This grant program is available to Indiana students who enrolled in the program during their sixth, seventh and eighth grade. The program guarantees free tuition to a public college in Indiana for students who successfully fulfill their Twenty –First Century Scholar Pledge.
Frank O'Bannon Freedom of Choice Grant
Indiana residents who qualify for the Frank O’Bannon Higher Education Award also will qualify for the Frank O’Bannon Freedom of Choice Grant. This award was from $200 to $2500 for academic year of 2011-12. The same qualifications apply to this grant as for the Frank O’Bannon Higher Education Award.
Work Study
Oakland City University offers approximately 100 on-campus student jobs paying up to $2,400 per year. Work assignments are made on a first-come, first-served basis and are based on financial need. For more information, contact the OCU Office of Financial Aid at (812) 749-1224.
All students interested in work study must complete a Federal Work Study Application.
Federal Work Study (FCWS): Federal Work Study provides part time jobs for undergraduate students with financial need, allowing them to earn money to help pay educational expenses. The program encourages work related to the recipient’s course of study. FCWS can help you get valuable experience in your chosen field before you leave college.
Students who qualify for FCWS are paid wages through the university payroll system. If the student owes money for their tuition, fees, and/or room and board, the FCWS wages will be applied to those charges. If the student does not owe the university, the paycheck will be paid directly to the student.
If you have been awarded FCWS, you must download and complete the Federal Work Study Application then return it to the Financial Aid Office by the date indicated.
Download the FWCS (Work Study) Application
Loans
Several types of loans are available to qualifying students. See the descriptions and application information here or contact the OCU financial aid office by email or by phone, (812) 749-1436.
Perkins Loans | Subsidized and Unsubsidized Direct Loans | Direct PLUS Loans | Exit Counseling
Perkins Loans
Loans of up to $4,000 per year are awarded to graduate and undergraduate students who show financial need. Repayment of this loan begins nine months after a student ceases half-time enrollment status. Interest is 5% simple interest.
Subsidized & Unsubsidized Direct Loans
Federal Direct Loans are for undergraduate, graduate, and professional degree students. You must be enrolled as at least a half-time student to be eligible for a Direct Loan. There are two types of Direct Loans made through the Department of Education: Subsidized Direct Loans and Unsubsidized Direct Loans. You must have financial need to receive a Subsidized Direct Loan.
Subsidized Direct Loan
You are eligible for a Subsidized Direct Loan if you are in school at least half-time and have financial need. With a Subsidized Direct Loan, the federal government will pay the interest while you're enrolled at least half-time, during your grace period, and during deferment periods.
Unsubsidized Direct Loan
Unsubsidized Direct Loans are for students who do not have financial need. With an Unsubsidized Direct Loan, you are responsible for paying the interest during all periods, starting from the date the loan is first disbursed.
Direct PLUS Loans
Direct PLUS Loans are loans parents can obtain to help pay the cost of education for their dependent undergraduate children. A biological or adoptive parent (and in some case, a stepparent) who does not have an adverse credit history may receive a PLUS Loan to help pay for the educational costs of a dependent undergraduate student who is enrolled at least half-time in an eligible institution. The maximum PLUS Loan amount a parent can borrow is equal to the cost of attendance, as determined by the school, minus any other financial aid the student may be receiving.
Exit Counseling for Student Loan Borrowers
Exit Counseling is required before you withdraw, graduate, or drop below half-time attendance (even if you plan to transfer to another school). Now, it will soon be time to start repayment on the money you borrowed from the William D. Ford Direct Loan Program and/or the Federal Family Education Loan Program (FFELP). This Exit Session takes approximately 40 minutes and requires your PIN Number.
