TYPES OF FINANCIAL AID
A Federal Pell Grant does not have to
be repaid. This grant is generally awarded to undergraduate students
who have not earned a bachelor's degree. The amount of the award
is based on your FAFSA results and enrollment status. Pell Grant
funds will be credited directly to your student account.
The SEOG does not have to be paid back.
This grant is awarded to Pell-eligible students who demonstrate
the greatest financial need. Valid FAFSA results must be received
in the Financial Aid Office by May 1, 2004 to receive consideration.
The SEOG funds will be credited directly to your student account.
The Ohio Instructional Grant is awarded
to undergraduate Ohio residents who are enrolled full time. The
award amount is based on need as determined by the results of
the FAFSA.
The funds may be applied to tuition and fees only and will be
credited directly to your student account. This money does not
have to be repaid.
The Ohio Student Choice Grant is non-need
based and does not have to be repaid. The grant is awarded to
undergraduate Ohio residents who are enrolled full time in a bachelor's
degree program. You must complete the Ohio
Student Choice Grant Application each school year. The funds
will be credited directly to your student account.
Many corporations have programs to encourage
their employees to complete their education. In many cases, these
programs involve tuition reimbursement. When your employer has
such a program, the University will assist you with a deferred
tuition plan. Your must obtain the Tuition Reimbursement Form
of the College from the CALL office. That form must be completed
and returned to the office along with a copy of the employer's
policy and a letter from the employer stating that the employee
is eligible for the program. The University will provide a listing
of all charges and notification of your successful completion
of modular courses or semesters according to your employer's requirements.
If the tuition reimbursement plan covers less than 100%, the student
will be required to pay the portion of tuition and fees not covered
by your employer at registration or have completed a FAFSA form
with the Financial Aid office verifying that the FAFSA grant/loan
will cover the difference. For complete information on this option,
see the CALL Catalog.
Stafford Loans are low-interest federal
loans available to students who are attending college at least
half time. The funds are borrowed from a bank, but the majority
of the loan application process is handled through the Financial
Aid Office. The amount a student may borrow is based on year in
school, dependency status, and enrollment status.
Students with higher incomes should check
with their banks or financial advisers about a possible home equity
loan that would make the interest tax deductible. Another possible
source are alternative loans. These loans are available from a
number of sources. Amounts that can be borrowed, interest rates
and repayment schedules will vary with the individual lenders.
Brochures for such programs are available in the Financial Aid
Office. Before making a final decision on a loan you should seek
the advice of a counselor in that office.
Any student wishing to apply for financial
assistance should contact the Financial Aid Office (513-244-8132)
or the CALL Office. These offices are available to answer your
questions and to help estimate your eligibility for financial
assistance.