Financial Aid is a very important resource for most students who wish to attend Otis. Financial assistance in the form of grants, scholarships, loans, and/or work-study will help to bridge the gap between your own resources provide and the cost of tuition and fees. We are happy to help you with this process. Every student who is interested in receiving some form of federal, state or Otis financial assistance should apply for financial aid. Scholarships are awarded on the basis of merit and financial need.You must apply for financial aid to determine your eligibility. The Admissions Office, in conjunction with the Financial Aid Office, sends financial aid application information to prospective/incoming students.
Get admitted to Otis. The Financial Aid Office awards students only after they have been admitted. You can however start the process for applying for aid.
Obtain a PIN at www.pin.ed.gov, from the Department of Education for yourself and a parent. A parent pin is required for dependent students. Hint: select the same pin for parent and student so that you only have to remember the same 4 digit code.
Student and/or parent completes the Free Application for Federal Student Aid (FAFSA) by visiting www.fafsa.ed.gov. The federal school code is 001251. The FAFSA is free from the Department of Education.
Deadline is March 1.
The Department of Education will email you the results. Read the comments section carefully for any additional documentation you may need to turn in to the Financial Aid Office.
The Financial Aid Office will also email you if you are selected for a process called Verification, or if any other documentation is needed. Depending upon the documentation needed, your award may be delayed if you do not submit the necessary documentations.
After your eligibility has been determined, the Financial Aid Office will email you.
If you wish to take out a loan, visit the Otis Loan webpage for instructions. Parents who are approved for the PLUS Loan by the Department of Education can take out funds to cover the Cost of Attendance minus other aid.
Log into Otis SelfService, select Financial Aid and follow the links to accepting award information. Please pay attention to the requirements towards the bottom of the page to complete all the documentations.
Financial Aid funds will be credited to your account after school begins. Funds in excess of tuition and fees will be refunded to you (or your parent, in the case of a PLUS Loan). Be sure to check your online account through Self Service after the 3rd week of school for any missing documents and aid that have not paid.