Financial Aid Tips and Helpful Information

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Financial Aid Tips and Helpful Information
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Apply For Aid /FAFSA-Free Application for Federal
Student Aid

• Apply early in January on-line at
  http//www.fafsa.ed.gov/
• List EOU - school code 003193
• You will receive a Student Aid Report (SAR) or an
  email from the Department of Education
• Make sure you read the first page of the SAR and
  understand it

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I Applied, but EOU Is Not Listed

• You will need your Student Aid Report (SAR)
• Locate the Data Release Number (DRN) on the front
  page of your SAR
• Call 1800 4FEDAID (800-433-3243) and give them
  the DRN, you can then add EOU over the telephone
• We will receive it in a week or so after being
  added

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After the FAFSA, Whats Next?

• We receive your FAFSA information, use it to
  create your award package and notify you of it
  via email and/or regular mail
• We will award any grants available first, then
  loans

• You will need to Accept or Decline your awards on
  WEBSTER - at http//www.ous.edu/webster
• If you transferred from another school, the aid
  you received will be considered in our awarding
  process

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Budget and Your Need

• Your budget is determined for the enrollment
  period
• It includes what we estimate your costs to be for
  tuition and fees, room and board, books,
  transportation and personal expenses

• Your Expected Family Contribution (EFC) is
  subtracted from the budget
• The difference is your need and what we will try
  to fill with need based funds
• We can go beyond the need for some students, but
  not beyond the budget

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I Have Loans, What Happens?

• If this is your first loan at EOU, complete an
  entrance interview at Eastern Oregon University
  - Financial Aid Loan Entrance. You will also
  need to sign a Master Promissory Note (MPN)
• If you drop below full-time in hours, you must
  notify us so your money can be released

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Grants, How Do They Work?

• Grants go to high need students
• You may need to be full-time to receive
• Grants do not have to be repaid
• You must be an Oregon resident to be considered
  for the Oregon Opportunity Grant see RESIDENCY
  RULES

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What About Scholarships?

• If you have outside scholarships, they will come
  to our office and will be considered as part of
  your financial aid
• Scholarships for residents of Oregon - Get
  College Funds
• Visit our scholarship page at Eastern Oregon
  University - Financial Aid Scholarships

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What Do I Need To Do When I Am Selected For
Verification?

• After you receive a notification from us, logon
  to WEBSTER at http//www.ous.edu/webster/, then
  go to the Financial Aid location
• Choose My Eligibility and then Student
  Requirements

• Review the documents under the Outstanding
  Requirement heading
• Turn the required documents into the Financial
  Aid Office
• NOTE Aid will not disburse until the
  verification is complete

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How Do I Get My Money?

• If everything is complete, your aid will be
  applied against your account
• If you have more aid than your bill, you have a
  refund coming
• You can go to the Student Accounts Office to pick
  up your refund or to pay your bill
• You can check your account on-line using WEBSTER
  - http//www.ous.edu/webster

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Valuable Tips

• We contact students often via email with very
  important information USE AND CHECK YOUR EOU
  EMAIL OFTEN
• Check WEBSTER for updates before calling our
  office - http//www.ous.edu/webster/
• Other questions? Visit our FAQs site at
  Financial Aid FAQ

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Important Timelines

• Apply in January for next years financial aid-an
  early application will give you a better chance
  of more aid next year
• Apply for scholarships early most have
  deadlines in February and March

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Contact Information

• Email mailtofao_at_eou.edu
• Phone [phone]
• 800-452-8639
• Fax - 541-962-3661
• Eastern Oregon University
• One University Boulevard
• Financial Aid Office
• Inlow Hall Room 105
• La Grande, OR 97850

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• Thank You For Choosing Eastern
• Oregon University