To ensure that you keep all of your options open for covering your cost to attend OU, complete the Free Application for Federal Student Aid (FAFSA). Here are a few notes that will help you throughout the application process, but if you have additional questions, please visit OU's Student Financial Center website.
The FAFSA (or Free Application for Federal Student Aid) is the government-provided application for need-based funds to help pay for college. OU highly recommends completing the FAFSA regardless of your family's income. Nearly 71% of OU students who apply for financial aid for the 2020-2021 academic year received some type of assistance. Plus in 2020-2021, the average financial aid of OU undergraduate students was $15,330.
Families can begin the FAFSA starting October 1 at fafsa.ed.gov. It takes about one hour to complete and you'll need these 3 items:
You'll need to add OU's Federal School Code when completing the application so that we receive the students information. Our code is: 003184
The first thing your family will do when you start the FAFSA is create a username and password called a FSA ID. This will serve as your electronic signature. You only have to create an FSA ID once, and you can use it each year to renew your financial aid information. Once your FSA ID and password are created, you may begin the FAFSA.
If available, use the IRS Data Retrieval Tool to pull in your tax information, or enter it manually. On the last page of the FAFSA, you must add OU's Federal School Code when completing the application so that we receive the students information. Our code is: 003184
Once you submit the FAFSA, you'll receive an email within 3-5 days with your Student Aid Report (SAR). Your SAR will tell you your Expected Family Contribution (EFC), the federal government's calculation of how much your parents should be able to contribute to your education, and provide you an idea of what federal aid you're qualifying for.
OU will begin sending financial aid estimates in the spring. You must be admitted to OU and have listed OU on the FAFSA to receive a financial aid estimate. The estimate will include state aid, federal aid and OU scholarships you've been offered. You will also see a detailed cost breakdown of your freshman year so you can see your overall financial need.
Here are the three types of aid you could receive (you don't have to accept all or any of the financial aid you're awarded):