Financial Aid at a Glance
Federal Student Aid, a part of the U.S. Department of Education, is the largest provider of student financial aid in the nation. Federal Student Aid is responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965. These programs provide grants, loans and work-study funds to student attending college. Federal Student Aid may help cover expenses such as tuition/fees, room/board, books, supplies, and transportation.
Type of Aid |
Other Information |
Enrollment Requirement |
Available to undergraduates only. Does not have to be repaid. |
Prorated: |
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Available to undergraduates only. Does not have to be repaid. |
Must be enrolled in credits. |
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Does not have to be repaid. The OOG is an estimate based on state economic information. This amount may be adjusted when final state appropriation levels are known. Student must complete the FAFSA® or ORSAA to be considered. |
Students enrolled in 6 credits or above may receive a prorated amount. |
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Oregon Promise | Available to Oregon high school graduates to attend post-secondary education with an emphasis on community colleges. | Prorated: 12+ credits receive 100%, 9-11 credits receive 75%, 6-8 credits receive 50%, 1-5 credits not eligible |
Money is earned and does not have to be repaid. |
Must be enrolled in credits. |
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The Department of Education pays interest while the student is in school and during grace and deferment periods. Money is borrowed and does have to be repaid. |
Must be at least 6 or more credits. |
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The student is responsible for the interest. Money is borrowed and does have to be repaid. |
Must be at least 6 or more credits. |
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Available to parents of dependent undergraduate students. Money is borrowed and does have to be repaid. |
Must be at least 6 or more credits. |
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Private Loans | These loans are non-federal loans, made by a lender such as a bank, credit union, state agency or a school. Private loans may require a cosigner and a credit record. | Must be enrolled in credits. |
*some exceptions apply.