The mission of our office is to provide excellent customer service while providing assistance with financing your education at OLLU. We encourage you to come by our office and visit with our staff. We can guide you through our application process.
Financial Aid News
What is sequestration?
Sequestration is an across the board cutting mechanism that will impact most Federal government programs. It is designed to reduce the deficit and is scheduled to occur over 10 years. Sequestration is the result of the Super Committee’s failure to reach an agreement on a deficit reduction deal in 2011. Effective Friday, March 1, 2013
What should students know about sequestration?
The sequestration will cut federal student aid programs during the first year by an estimated 5.1 percent. Programs affected by the cuts are Federal Work Study (FWS), Supplemental Opportunity Grant (FSEOG), and TEACH Grant.
Direct Loan origination fees are expected to increase from 1.00 to 1.05 percent and Plus Loan origination fees to increase from 4.00 to 4.20 percent.
Awards amounts for 2013-2014 for Federal Work Study (FWS), Federal Supplemental Opportunity Grant (FSEOG), TEACH Grant and loan origination fees are subject to change based on federal funding. The Department of Education is continuing to work with Congress to determine the funding allocations.
The Texas Higher Education Coordinating Board has announced that the award amounts for the Tuition Equalization Grant (TEG) will be reduced. The maximum award amount a student could possibly receive for the 2013-2014 academic year is $3230. All students will see a reduction in their annual award.
It is imperative that all students complete their 2013-2014 FAFSA by May 1, 2013.
|Steps for applying for financial aid:
STEP 1: Apply for a PIN number from the U.S. Department of Education at www.pin.ed.gov Your parents may need to apply for a PIN.
STEP 2: Complete your Free Application for Federal Student Aid (FAFSA) using your current tax return information at www.fafsa.ed.gov.
- Be sure to list OLLU's school code 003598 on the FAFSA so we can electronically download and have access to your information.
- The FAFSA can be completed as early as Jan. 1. We recommend that you apply early. The last day to apply is May 1 in order to ensure that your financial aid will be processed by the start of the fall semester.
STEP 3: Complete the OLLU Data Form.
STEP 4: The OLLU Financial Aid Office will review your submitted items and possibly ask you for additional information. You should return all additional requested information as soon as possible.
STEP 5: We will send you an award letter listing the many types of financial aid we can offer you. Once you receive the award letter from us, we invite you to come into our office and let us counsel you on your awards. Financial Aid will be applied to your bill once you start school.
Location: Walter Student Service Center Building, Room 105
Phone: 210-434-6711, ext. 2299, or 800-324-4310
| Monday, Tuesday, Thursday, Friday
|| 9 a.m. - 5 p.m.
|| 9 a.m. - 6 p.m.