Types of Financial Aid and Eligibility
2 days ago
Grants are considered gift aid and do not have to be repaid. Most grants are based on some type of need-based eligibility. Therefore, you must complete the FAFSA to apply for most grants. Sources of grants include federal, state, private, and institutional funds. The availability of grants is generally limited to more needy students. For more information about grants and other types of financial aid, read The Student Guide.
Federal Pell Grant
Federal Pell Grants are awarded based upon the analysis of your FAFSA, cost of attendance, and enrollment status (full or part time). They are awarded to undergraduate students who have not earned a bachelor’s or professional degree.
The U.S. Department of Education uses a standardized formula, established by Congress (called the Federal Needs Analysis Methodology), to evaluate the information you report on the FAFSA. The formula produces an Expected Family Contribution (EFC) number. The EFC number can range from zero to 99,999 or higher. Your Student Aid Report contains this number and will indicate if you are eligible for a Pell Grant.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant is for undergraduate students with exceptional financial need as determined through FAFSA completion. Each participating school receives a certain amount of FSEOG funds each year from the U.S. Department of Education’s office of Federal Student Aid. Those funds are awarded to undergraduate students with the lowest EFCs. Once the full amount of the school’s FSEOG funds has been awarded to students, no more FSEOG awards can be made for that year. This system works differently from the Federal Pell Grant Program, which provides funds to every eligible student. Individual award amounts are determined by the total amount of funding received by the institution and can vary each year.
Ohio College Opportunity Grant (OCOG)
The Ohio College Opportunity Grant Program (OCOG) provides need-based tuition assistance to Ohio students from low to moderate-income families. Awards are based upon EFC (Expected Family Contribution). Your family’s EFC must be 2,190 or lower and you must be enrolled at least half-time (6 hours) to be considered for the OCOG. You can apply by completing the FAFSA by October 1 of each year.
For additional information regarding Ohio’s state grant and scholarship programs, please visit the Ohio Department of Higher Education. For more information on grant and/or aid from other states, please visit the National Association of State Grant & Aid Programs website.
Choose Ohio First Grant (COF)
Choose Ohio First is part of Ohio’s strategic effort to bolster the state in the global marketplace of Science, Technology, Engineering, Mathematics, and Medicine (STEMM). COF awards scholarship funding to selected Ohio colleges and universities to support undergraduate and qualifying graduate students in innovative academic programs. This need-based aid will grant qualifying nursing students with $3,000.00 in tuition per year ($1000 per semester).
To qualify, students must:
- Must be an Ohio resident
- Be a new or currently enrolled student in our nursing program
- Submit a FAFSA (this is used for the sole purpose of determining financial need)
- Meet all program acceptance and/or good standing requirements
If you have questions, please contact us! We would love to help.
Student Finance Office Contact
Student Finance Office Hours
Monday – Thursday: 8:30 a.m. – 4:30 p.m.
Friday: 8:30 a.m. – 12 p.m.
Closed weekends and holidays