In order to be eligible for need-based financial aid at most colleges, you must first complete the Free Application for Federal Student Aid (FAFSA). The FAFSA can be filed at fafsa.ed.gov with OCU's school code of 003030.
Students are able to file their 2017-2018 FAFSA now, using their 2015 federal tax return. Need some help? Check out our FAFSA Tutorial Videos:
By completing the FAFSA, you are applying for federal grants and loans, along with state grants. Your financial aid advisor cannot easily (or accurately!) determine your financial aid eligibility until you have completed it. Since the amount of aid you're eligible for can change from year to year, the FAFSA must be completed annually.
A grant is money that is entirely yours to spend towards your education; you never have to pay it back. By applying for the FAFSA, you're applying to two federal grants — the Pell Grant and the Federal Supplemental Education Opportunity Grant (FSEOG) — and in Ohio, the Ohio College Opportunity Grant (OCOG). Just by submitting your FAFSA, you could receive up to $5,550 per year!
Want more information about the FAFSA and how to pay for college? Read the rest of our FREE eBook, How to Pay for College.