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Financial Aid

Financial Resources for Achieving Your Academic Dreams

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Financial Aid Announcements
Students

The Student Financial Resources and Scholarships Office is committed to delivering services to you.

Complete the 2021-2022 Free Application for Federal Student Aid (FAFSA) to ensure your financial aid application is processed timely to begin the fall 2021 semester. The 2021-2022 FAFSA uses income information from 2019. Once OCC receives the FAFSA information, a student may request consideration if there has been a significant reduction in the financial information due to documented unemployment.

Expecting a Financial Aid Disbursement?

Did you know the easiest way to receive it is via E-check directly to your bank account. Sign up at MyOCC | Financial Profile | Bank Information
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Oakland Community College maintains a low tuition rate –typically one-quarter to one-half the cost of similar public or private higher education institutions -- with support from the state of Michigan and Oakland County. Tuition is based on the number of billable contact hours multiplied by the student's tuition rate for their specific Residency Status. In addition to tuition and fees, each student is expected to purchase their textbooks and supplies. OCC also provides financial aid and scholarships for eligible students.

OCC offers low tuition rates while still providing the same high-quality education available at other colleges and universities. The affordability of an OCC education is apparent when compared with the tuition costs at other metro Detroit schools over a two-year period.

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Michigan Student Financial Aid (The Office of Postsecondary Financial Planning)

The Office of Postsecondary Financial Planning, located within the Michigan Department of Treasury, encourages students to pursue postsecondary education by providing equality of access to student financial resources and information. Through the administration of various student financial assistance programs, students receive the guidance and funding necessary to pursue their educational goals. 

OCC Financial Aid Packaging Policy

  • Federal Work-Study (FWS) awarded in first priority order based on the FAFSA information.
  • Direct Subsidized Loans awarded to a maximum of $4,500, if eligible.
  • Direct Unsubsidized Loans awarded to a maximum of $4,500, if eligible.
  • Total combined loans (subsidized and unsubsidized), automatically packaged, will not exceed $4,500, if eligible.

Students wishing to request additional loan money must:

  • Complete the Additional Unsubsidized Loan Request form, available at the Student Financial Resources and Scholarships offices.
  • Complete Financial Aid Awareness Counseling
  • Submit both documents to Student Financial Resources and Scholarships.

These changes will assist students in managing their student loans and avoiding excessive student loan debt.  Instead of borrowing money, students can choose the Federal Work-Study (FWS) Program that provides part-time work on- and off-campus with approved employers.  Students interested in FWS can start the job interview process.

Students Rights & Responsibilities

You have the right to know:

  • Federal, state, and institutional financial aid programs available at OCC, including the application process and deadlines.
  • The cost of attendance and college policies on refunds to students who withdraw.
  • How OCC determines your financial aid eligibility.
  • How much of your financial aid eligibility has been met.
  • Financial aid programs offered in your student aid package.
  • The amount of financial aid received that is grant or federal work-study aid, and what portion is a loan that must be repaid.
  • How the college determines satisfactory academic progress and the consequences if you do not make satisfactory academic progress.
  • Financial aid is subject to change or cancellation due to changes in federal or state regulations and availability of funds, as well as changes in circumstances which affect student eligibility.

It is your responsibility to:

  • Complete the FAFSA application accurately and submit it on time.
  • Intentional misreporting of information on the FAFSA is a violation of the law and considered a criminal offense subject to penalties under the U.S. Criminal Code.
  • Provide all additional documentation, information, verification, and corrections requested by Student Financial Resources.
  • Read and sign all submitted documentation.  Keep copies of all submitted documentation.
  • Notify your lender of changes in your name, address, or school enrollment status if you have an education loan.
  • Perform the work that is agreed upon in a College work-study job in a satisfactory manner.
  • Know the deadlines for application or reapplication for aid.
  • Understand OCC’s refund and repayment policies.
  • Understand and comply with OCC’s Satisfactory Academic Progress Policy.
  • Obtain a summer job to help with expenses for the upcoming school year.
  • Keep your address current with the Registrar’s Office at OCC.

Falsification of Information

Falsification of information submitted by the student or parents for the purpose of receiving financial assistance may result in cancellation of assistance, billing back for assistance received, and referral to the appropriate federal authorities. Student Financial Resources and Scholarships may be required to verify information provided on the Free Application for Federal Student Aid by requiring income tax statements or other documentation of financial status.