Overview Of Financial Assistance
There are two main ways to pay for college other than your own pensonal savings or income: financial aid and scholarships. Financial aid includes several elements and is based on need. It may include grants, which is money that does not need to be paid back. Grants can come both from the federal government as well as the state of Oklahoma. Loans are another component of financial aid. Some types of loans have deferred interest and no payments start until six months after graduation. Other loans also do not have payments until six months after graduation, but can start accruing interest as soon as the loan starts. Work study is yet another form of financial aid. Students are given paid employment opportunities on campus to help cover some college expenses.
Financial aid calculations are driven off the FAFSA - the Free Application for Federal Student Aid. More information about FAFSA and applying for financial aid can be found here. The FAFSA form is filled out, preferably online, every year a student wishes to be considered for financial aid. All schools who provide federal financial assistance utilize this form, so you need to fill it out only once. Just select which schools you wish to receive it. It is important to fill this out as early in the year as possible so that you can be considered for the maximum amount of aid. TIP - get your taxes done as soon as possible, then fill out the FAFSA form. Have this all submitted by April 1 for maximum consideration, and no later than June 1, to receive an award for the following Fall semester.
For further details, or if you have questions, check out our financial aid page and contact information.
To find out more about financial aid at Rose State, watch the video
with Steven Daffer, Director of Student Financial Aid.
Scholarships are provided to students who meet selected criteria. This is funding for college that does not need to be repaid. It usually requires a student to maintain a certain GPA and/or meet other criteria in order to retain the scholarship each semester or academic year. Rose State College has hundreds of scholarships for which you can apply. Outside groups and institutions sometimes offer scholarships as well, and you are encouraged to apply for as many as you can.
Broadly speaking Rose State has two categories of scholarships - those funded by the school's Foundation, and others funded by the school itself. Some of our scholarships provide unique leadership opportunities for the recipient. If you happen to attend Midwest City, Del City, Carl Albert, Choctaw or Star Spencer High Schools, Rose State is also able to provide some additional assistance. It is very important to keep in mind that scholarships have very specific application deadlines that must be met if you are to be considered. Most of these are in the month of March for an award the following Fall semester. Please go to the main scholarship page to find out more about the wide range of scholarships that are available and to access scholarship forms.