Grants

Funds available to students from outside sources, such as state and federal grants and loans, are taken into account when an applicant's financial need is determined. These funds may require a separate application. The amounts from these sources shown on the Award Notice may be estimates and may change when finalized. If necessary, the Office of Student Financial Services will adjust its aid offer after the actual amounts of outside aid are verified during the course of the academic year, contingent on funds available. These funds are administered by agencies outside The University of Tulsa, but completion of the Free Application for Federal Student Aid (FAFSA) initiates the application procedure for most of these programs.

Federal Pell Grants-These grants are available to undergraduates, and range from $555 to $5550 based on an entitlement computation formula and federal funding. Application is made through the FAFSA.  PELL will credit the student's account no earlier than the first day of classes if the award is finalized. Students who are PELL recipients and are receiving scholarships that cover their charges in full must contact the Business Office to obtain information on how to purchase their required books inthe bookstore.

Beginning with the 2012-2013 FAFSA all students who are Pell Grant recipients (including students who have previously received a Pell Grant) have a limit of 12 full-time equivalent semesters (600%) of eligibility.  After 12 full-time equivalent semesters, eligibility ends.  Students can check their eligibiity used by going to http://www.nslds.ed.gov starting in mid-July 2012.

Federal Supplemental Educational Opportunity Grants (FSEOG)-These federal grants are awarded to undergraduate students showing financial need with priority given to Federal Pell Grant recipients. The number of awards depends on the annual funding allocations set by the U.S. Department of Education.  FSEOG will credit the student's account no earlier than the first day of classes if the award notification has been accepted and returned to the Office of Student Financial Services. 

University Grants-These awards are made possible from general funds budgeted each year with approval of The University of Tulsa Board of Trustees and are available only to full-time undergraduate students. Renewal is based upon evidence of need determined by the FAFSA and a 2.0 cumulative gpa. During the semester, these awards may be underwritten by an endowed or supported scholarship. The total amount of the award will not change if underwritten. University grants credit to the student's account no earlier than the first day of classes when the award notificationis accepted and returned to the Office of Student Financial Services and all required documents have been received.

TEACH Grants-Teacher Education Assistance for College and Higher Education Grants.  These grants are for students who plan to teach after graduation.  This grant must be repaid as a direct unsubsidized loan if the student does not teach for at least four years within eight years of completing their program as a highly qualified teacher, at a Title I School or in a specified subject area.  Students may receive up to $4,000 for first undergraduate programs with an aggregate of $16,000.  Graduate students may receive $4,000 annually with an aggregate of $8,000.  If the student enrolls less than full time, these amounts will be pro-rated.  Students must complete the FAFSA, and must maintain a cumulative 3.25 gpa to receive the grant.  New students must be in the 75th percentile on admissions tests (i.e. SAT, ACT, GRE) to be eligible.  The TEACH Grant will credit the student's account once eligibility has been verified and no earlier than the first day of class each semester.

STATE FUNDS

Oklahoma Tuition Aid Grants (OTAG)-Oklahoma residents may qualify for awards up to $1,300. Application is made by completing the FAFSA. Early application is important as funding is limited.  Before OTAG awards are disbursed, Oklahoma residency will be verified by the Office of Student Financial Services, using the State Regent's policy for determining residency. The FAFSA must be received by the processing center by March 1st of the award year to meet state deadlines.  These funds are billed at a rate determined by the Oklahoma State Regents for Higher Education.  OTAG is billed after the third week of classes.  Funds will credit the student's account upon receipt of the check from the the State Treasurer's Office.  Students who are not Oklahoma residents are encourage to contact their home state to inquire about the availability of grant assistance.

Oklahoma Tuition Equalization Grants (OTEG)-Oklahoma residents meeting certain income categories will receive $2000 in assistance.  These recipients are chosen by TU according to regulations.  Funding is limited and may be used to offset university scholarships.  Application is made through the FAFSA.  This grant is a need based grant; renewability depends on the family's income.  OTEG is billed after the census date of each semester.  Census date is approximately eight weeks into the semester.  Funds will credit the student's account upon receipt of the check from the State Treasurer's Office.

Oklahoma's Promise-To receive Oklahoma's Promise (previously known as OHLAP) you must have qualified during your 8th, 9th or 10th grade year of high school and be an Oklahoma resident.  If approved, and the student continues to meet Oklahoma's Promise requirements, the State of Oklahoma will pay a pre-set dollar amount per credit hour each semester.  Summer funding is available.  The student must notify the Office of Student Financial Services upon enrollment that they are an Oklahoma's Promise participant.  Eligibility ends once you earn a baccalaureate degree or five years after you start college, whichever comes first.  For students entering college prior to 2012, a 2.0 gpa is required.  For students entering college in 2012, a cumulative 2.0 gpa is required for course taken by the end of the student's sophomore year, and a 2.5 cumulative gpa is required for course taken as a junior and above.  A second income check becomes effective for 2012 for all entering students and all students thereafter.  The income limit is $100,000 and changes from "taxable and nontaxable income" to "federal adjusted gross income."  Beginning with the fall of 2012 semester and thereafter ALL Oklahoma's Promise recipients are subject to the college's satisfactory academic progress policy (SAP).  This means that even students that have receive Oklahoma's Promise (OHLAP) funds in the past during a period of financial aid suspension will no longer be eligible for the award if aid is suspended in the future.  It also means that the financial aid office will need to check all Oklahoma's Promise students for SAP including those that did not apply for and/or receive federal financial aid.

Oklahoma Academic Scholars (OKAC)-The State of Oklahoma awards scholarships to academically outstanding students who plan to attend an Oklahoma public or private college or university.  Scholarship funding may be received for eight semesters if the student meets the requirements established by the State of Oklahoma.  Students must complete the application provided by the Oklahoma State Regents for Higher Education.  A minimum cumulative gpa of 3.25 and completion of 24 credit hours per academic year is required to receive Academic Scholars funding.  A roster verifying full-time enrollment and cumulative gpa is submitted to the Oklahoma State Regents for Higher Education upon the third week of classes each semester.  Funds will credit the student's account upon receipt of the check from the State Treasurer's Office.