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Programs
Oglethorpe University offers a variety of strategies and resources
to keep the net cost of an Oglethorpe education affordable. Both
need-based aid and awards based on academic achievement are
available. Students interested in financial aid should complete the
Free Application for Federal Student Aid (FAFSA). The FAFSA is the approved
needs-analysis form by which students may apply for the following
need-based programs: Federal Pell Grant, Federal Supplemental
Educational Opportunity Grant, Federal Perkins Loan, Federal
Work-Study and the Federal Stafford Loan. After a student
submits the FAFSA to the federal processor, the school will receive
from the processor an Institutional Student Information Record (ISIR)
(More Information). Upon acceptance to the University and receipt of the student’s ISIR,
Oglethorpe’s financial aid professionals will prepare a
comprehensive financial aid package, which may include assistance
from any one or more of the following sources:
Georgia Tuition Equalization Grants (GTEG) are available for
Georgia residents who are full-time, undergraduate degree-seeking students at
Oglethorpe. The program was established by an act of the 1971
Georgia General Assembly. The GTEG program helps to "promote the
private segment of higher education in Georgia by providing
non-repayable grant aid to Georgia residents who attend eligible
independent colleges and universities in Georgia." All students must
complete an application and verify their eligibility for the grant.
In the 2005-2006 academic school year, this grant is $900.
Financial need is not a factor in determining eligibility. A
separate application and proof of residency is required.
HOPE Scholarships of $1,500 for full-time enrollment and $750
for part-time enrollment (6-11 credit hours) per semester are available to
Georgia residents who have graduated from an eligible high school in
1996 or later, with at least a 3.0 grade-point average. Additional
requirements are required of high school graduates in 2000 or later.
Georgia residents who do not qualify under these guidelines but have
now attempted 30 or more semester hours with a 3.0 grade-point
average or higher may also be eligible. The applicant must be a
Georgia resident for one year prior to attendance at any college or
university in Georgia. Applicants must be degree-seeking students at a participating Georgia private college
or university. Students entering the HOPE Scholarship program for
the first time after attempting 30 or 60 semester hours should be
aware that their grade-point average is calculated to include all
attempted hours taken after high school graduation.
Recipients of
the Scholarship are required to maintain a 3.0 or higher cumulative
grade-point average for reinstatement. For more information, contact
the HOPE Scholarship Program 770.724.9030 or 1.800.546.HOPE, or the
Office of Financial Aid at Oglethorpe University.
The Federal Pell Grant is a federal aid program that provides
non-repayable funds to eligible students. Eligibility is based upon
the results from the FAFSA.
Federal Supplemental Educational Opportunity Grants (FSEOG)
are awarded to undergraduate students with exceptional financial
need. Priority is given to Federal Pell Grant recipients and does
not require repayment.
Federal Perkins Loans are long-term, low-cost educational
loans to students who have demonstrated need for such assistance.
Priority is given first to sophomore, junior, or senior students.
Interest is charged at a five percent annual rate beginning nine
months after the borrower ceases to be at least a half-time student
(a minimum course load of six semester hours). Information regarding
repayment terms, deferment and cancellation options is available in
the Office of Financial Aid.
Loan
Counseling
Federal Stafford (Subsidized and Unsubsidized) Loans are
long-term loans available through banks and other lending
institutions. Students must submit the FAFSA and be attending at
least half time to receive consideration. A separate Master
Promissory Note (MPN) is also required. Information regarding
repayment terms, deferment and cancellation options are available in
the Office of Financial Aid.
Entrance/Exit Loan Counseling
Federal PLUS Loans are relatively long-term loans available
to parents of dependent students through banks and other lending institutions. Parents desiring to
seek a loan from this program should consult the various lenders
indicated on the Oglethorpe University Lender List for additional
information. This list may be found in the current “Financial Aid
Packet” available in the Office of Financial Aid.
The Harold Hirsch Scholarship for Non-Traditional Students is
provided by the Harold Hirsch Scholarship Fund of Atlanta. The fund
provides annual scholarship assistance for degree-seeking students
in the evening program. Harold Hirsch Scholars must have at least a
3.0 Oglethorpe grade-point average, demonstrate leadership ability,
and have financial need. Applications may be obtained in the
evening degree program office.
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