||Sample OCC budget for in-district, dependent students
| Cost of Attendance (financial aid budget)
||Tuition and fees $2,550
|-Expected family contribution
||Room and board $4,700
|-Other aid or resources (such as scholarships)
||Books and supplies $1,450
|=Need for aid
||Personal/misc. $ 940
||Loan Fees $ 60
- If you received funds from an outside agency (such as a scholarship) you MUST inform
Student Financial Resources and Scholarships of these funds. Student Financial Resources
and Scholarships coordinate the funds you receive from all sources.
- If you have a change in financial circumstances during the award year, please contact
Student Financial Resources and Scholarship (SFRS). There must be compelling reasons
with documentation to support any adjustments.
- All financial aid programs are subject to change without notice. The College has
the right to revise any financial aid package which was incorrectly computed. The
College also reserves the right to make adjustments resulting from changes in funding
or new interpretations of federal and state guidelines and regulations. If it is
determined that a student fraudulently submitted incorrect data on his/her financial
aid application, the situation will be referred to the U.S. Department of Education
(ED) for investigation and possible prosecution.
- Developmental courses: The following courses are considered developmental (lower than
high school level), and are not covered by federal (Title IV) financial aid: MAT1045,
MAT1050, ENG1055, and CIS1000.
- If you have Guest student status at OCC, you are not eligible for financial aid.
Students must be pursuing an eligible certificate or degree program at Oakland Community
College to qualify for funding.
RETURN OF FEDERAL FUNDS (TITLE IV)
Students who receive Title IV Federal Financial Assistance may be required to return/pay
a portion of their financial aid when they withdraw from school. Title IV Financial
Aid Programs include Federal Pell Grant, Federal Supplemental Education Opportunity
Grant (FSEOG), Federal Direct Loans, which includes Federal Stafford (subsidized and
unsubsidized) Loans, and Parent Loans for Undergraduate Students (PLUS). When a student
withdraws completely before 60% of the semester is over, a calculation is applied
to determine the amount of “earned” financial assistance.
The amount of assistance you’ve earned is determined on a pro-rata basis. For example,
if you completed 20% of the payment period or period of enrollment, you earned 20%
of the assistance you were originally scheduled to receive. Once you’ve completed
more than 60 percent of the payment period or period of enrollment, you earn ALL of
- Any "unearned" money must be repaid. Students will be billed and placed on hold until
the balance is paid in full. Before dropping or withdrawing, schedule an appointment
to speak with a financial aid staff member.
- If a student is calculated for a Return of Title IV withdraw during a semester, financial
aid will be cancelled for the following semester, because the student is no longer
attending the institution.
REGISTRATION & PAYMENT INFORMATION FOR FINANCIAL ASSISTANCE RECIPIENTS
Refer to the SCHEDULE OF CLASSES for information on specific registration and payment
due dates and for instructions on how to register.
The REGISTRATION PROCESS has two main steps: (1) Selecting your classes, and (2) Paying
for your classes. Payment is automatic if you have an official Oakland Community College
Award Letter stating your financial aid eligibility. You may access your award letter
NOTE: Financial aid is not reflected on the registration statement. Refer to your
- Your tuition will be deducted automatically from your aid eligibility providing you
have an official OCC Award Letter that reflects grants and/or loans.
- If your financial aid award is less than your tuition and fee charges, go to the campus
Business Office/Cashier to pay the amount not covered by your financial aid.
- The remaining balance due must be paid by the payment due date, or on the day you
register, if registering during final registration.
- If your financial aid is more than your tuition and fees, some of the remaining amount
may be used for books at the campus bookstore. No additional paperwork is required
to purchase books against the remaining balance. If you do not use the entire remaining
amount on books, a balance check will be mailed to your home at a later date, or deposited
in your banking account, providing you remain enrolled.
If your tuition and fees exceed your financial aid eligibility, you are responsible
for paying this balance. Your class(es) will not be dropped automatically because
of this balance. The financial aid award holds the classes even with the balance owing;
however, you will not be able to register for future semesters until the balance has
been paid in full.
If you do not drop your classes, withdraw properly from your classes, never attend,
or stop attending, you will be responsible for all charges not covered by financial
aid. Future financial aid eligibility may also be affected.
Your OCC financial aid award shows as pending in the Student Information System. An
“accepted” award will hold your registration. This includes grants, scholarships,
and loans, but not Work Study. This means the courses for which you registered WILL
NOT be dropped because you did not pay for them. If your only award is a loan and
you have not accepted the loan, it will not hold your registration and you may be
dropped from classes. Financial Aid awards will be applied to your student account
after schedule adjustment has been completed.
- Drops/Withdrawals: Students who want to drop courses or completely withdraw from the
College must complete the “Course Drop Request” form available in Enrollment Services,
or drop courses on the web. Dropping courses or completely withdrawing from the College
may affect both your current financial aid award and your eligibility for future financial
assistance. Students should contact their Financial Aid office before dropping classes.
- “N” Mark: Students who do not attend class during the first 20% of a course will be
graded and assigned an “N” mark (never attended). The “N” mark due date can be found
on the Section Information link in MyOCC.
Adjustments will be made if the “N” mark is changed to an A, B, C, or D within one
Students who have received an “N” mark will not be permitted to begin attending the
course after the 20% enrollment period has passed. Students who decide not to attend
a course must officially drop the course during the 20% enrollment period to avoid
issuance of an “N” mark. Once an “N” mark is issued, student can no longer drop the
Financial aid recipients who do not attend or do not officially drop the course within
the 20% enrollment period will be required to repay all monies disbursed to their
student account and/or as a refund check; this includes student loans. Students will
not be allowed to register for future semesters until the account is paid in full.
A financial hold will be placed on the student’s record. Future financial aid cannot
be used to cover any amount owed from a prior semester.
- Cancellations: Your financial aid may be reduced unless you add another class of equivalent
credit hours. See your financial aid award letter for payment based on enrollment
- Federal Financial Aid for Attendance at Two Institutions Simultaneously: Students
attending two institutions at the same time may receive federal and state financial
aid at only one institution for the same payment period. Students may consider a consortium
agreement, which allows a student to attend two schools by combining the credit hours;
however, the “home” school (the school granting the degree) will process the financial
aid. See your campus financial aid manager.
Summer I/Summer II
Summer I/Summer II information and applications will be available in mid-February.
Funding is limited to remaining loan eligibility and leftover Pell. Loan applications
will be processed after the student registers for at least six credits. Students must
register for all classes during the first registration period.
If you register for classes during the Summer I/Summer II semester and you drop/withdraw,
you will be responsible for the Summer I/Summer II charges. Your financial aid will
be adjusted to show your revised enrollment level.
FINANCIAL AID PROGRAMS OFFERED AT OCC
Federal Pell Grant (Pell): A federal grant does not have to be repaid, as long as
enrollment is maintained and the student has not yet earned a bachelor’s degree. To
receive a Pell Grant at OCC, your EFC must be between 0 and 5328. Students cannot
attend two schools at the same time and receive a Pell Grant at each school for the
same enrollment period.
The Federal Pell Grant is determined by your EFC, enrollment level, and the number
of terms you enroll. Maximum Pell is $5,815.
Student with - EFC
||(6 credits total)
Federal Supplemental Educational Opportunity Grant (FSEOG): This is a federal grant program for students with exceptional financial need at
OCC. It is offered to students with an EFC of 0 and who have not yet earned a bachelor’s
Michigan Competitive Scholarship: This is a scholarship awarded by the State of Michigan to students based on two
criteria – (1) high ACT test scores and (2) financial need. The maximum award amount
is $1,000 for an academic year, subject to availability of funding.
Michigan Indian Tuition Waiver (MITW): Eligibility for this program is established by the Michigan Department of Civil
Rights. Students who qualify for the grant receive a letter from that agency indicating
they are eligible. A copy of this letter should be submitted to the campus Financial
Aid office. The grant pays for tuition only (not for fees). The student is responsible
for paying the amount of fees due after the grant is applied to semester charges.
Tuition Incentive Program (TIP): Students who qualify for this program are notified by the State of Michigan Department
of Social Services through a letter of eligibility before they graduate with a certificate
of completion, high school diploma, or GED certificate. One of the above-mentioned
documents and a valid driver’s license or birth certificate must be submitted to the
College. In order to be eligible, the student must have graduated/completed high school
or obtained a GED certificate before reaching the age of 20. The certificate/diploma
or GED must have been earned after May 1, 1999. TIP pays tuition at the resident rate,
plus any registration fees for the semester. TIP pays for 24 credit hours per academic
year. For persons not residing in a community college district, the out-of-district
rate may be authorized.
Board of Trustee Awards: This is an OCC program offered on the basis of financial need and in-district status.
Award up to $1600, depending on financial need.
Foundation Scholarships: Donors provide funds for OCC Foundation Scholarships. OCC Foundation Scholarships
are usually posted in July and November, and awarded to students meeting the criteria
defined by the donors. Award amounts vary.
Non-Institutional Scholarships: These are outside scholarships posted throughout the year, and awarded to students
who meet the criteria defined by the donor organization. Award amounts vary.
FEDERAL WORK STUDY PROGRAMS
The Federal Work Study program provides part-time employment for Oakland Community
College students in community service and in fields related to your major of study.
Job positions can be on-campus or off-campus. Most off-campus positions will be at
private non-profit agencies or public agencies, and will be in the public interest.
The rate of pay for Federal Work Study starts at $9.25 per hour, with a twenty-five
cent per hour raise after each 300 hours worked. The maximum wage is $10.50 per hour.
Your FWS earnings are considered taxable income.
The amount of money that you earn cannot exceed your total FWS award. Average work
schedules are from 10 to 20 hours per week. When assigning hours, your supervisor
will consider your class schedule and the needs of the employer.
If you are interested in the Federal Work Study program, contact the on-campus Student
Financial Resources and Scholarships office. Your financial aid award may have to
be adjusted prior to awarding Federal Work Study.
YEAR-ROUND PELL GRANT
Students who are eligible for a Pell Grant during the academic year may be eligible
to receive an additional Pell Grant for summer. The law allows students to receive
150% of their Pell Grant funds in one academic year (additional semester of Pell funds).
Students must be enrolled at least half time (minimum six (6) credits) for the summer
term to be eligible for additional Pell. Student Financial Resources and Scholarships
(SFRS) will automatically award Pell for summer if a student is eligible to receive
the funds. Students who drop below six (6) credits due to withdrawals, cancellations,
or non-attendance will no longer be eligible for the additional Pell funds and will
be responsible for any charges incurred. Visit Year-Round Pell Grant
LIFETIME PELL LIMITS
Effective July 1, 2012, Federal Pell Grants are limited to the equivalent of 12 full-time
semesters. You will be ineligible for Pell when you reach the 12 full-time semesters
or the equivalent. To determine the amount of Pell you have received, visit the National Student Loan Data System (NSLDS).
FEDERAL DIRECT LOANS
We are processing student loans automatically. The system is packaging your eligibility
for Direct Subsidized and Direct Unsubsidized loans. You can accept, reject, or reduce
your loan amount.
What is a Federal Direct Stafford Loan?
- A Federal Direct Stafford Loan is either subsidized or unsubsidized. A subsidized
loan is awarded on the basis of financial need. The government pays interest on the
loan before you begin repayment or during authorized periods of deferment. An unsubsidized
loan is not awarded on the basis of need. The student can choose to pay the interest
while in school or to accrue interest.
- Students must be registered at least half-time status (6 or more credits) at the time
of disbursement, and the loan must be repaid with interest. Any change of enrollment
is reported to the National Student Loan Data System (NSLDS).
Freshman – Level 1 (1-31 credits): Maximum = $3,500
Sophomore – Level 2 (32+ credits): Maximum = $4,500
Dependent students may borrow an additional $2,000. Independent students may borrow
an additional $6,000.
If a student is enrolled in a two-year associate degree program, the maximum period
for which he/she can receive Direct Subsidized Loans is three (3) years (150% of two
years = three years). Students are encouraged to complete their academic program within
the prescribed time frame. Students who cannot complete their program within the time
period may borrow unsubsidized student loans.
What is a Federal Direct PLUS Loan?
Parents of dependent undergraduate students who are enrolled at least half-time may
be able to apply for a PLUS loan on behalf of the student. Parents may borrow up to
the cost of attendance, minus other aid. Students do not have to demonstrate need;
however, all students must complete the FAFSA first, and release their information
to OCC. See loan information on the OCC website.
What is an Alternative Loan?
These loans are designed to meet the needs of students ineligible for regular Federal
Direct Stafford loans. The amount is limited to the cost of attendance minus other
aid. The interest rate is usually higher upon qualifying for this loan. The loan may
require a co-signer.
ELECTRONIC BOOK VOUCHER FOR FINANCIAL ASSISTANCE RECIPIENTS
What is an Electronic Book Voucher? The Electronic Book Voucher is an online, real-time account of the money available
to purchase your books and supplies. The maximum bookstore expenditure cannot exceed
$1,200 per semester – no exceptions. Money not used in the Bookstore will be disbursed
to you after the 100% refund period, according to the Check Refund Disbursement Schedule,
located on the OCC website. You may add up to $400 on your Raider One card to be used
for other education-related expenses incurred while attending OCC. This may be done
by completing an iROC Cash Transfer Request for at any of the OCC Bookstores.
What if I drop and/or add classes or withdraw from school? Students who use the Electronic Book Voucher are subject to the same College Bookstore
Refund/Return Policy as all other OCC students. The Electronic Book Voucher shows
current enrollment at the time you purchase your books and supplies. Any changes in
enrollment will affect the amount of the Electronic Book Voucher. A decrease/increase
of credit hours may decrease/increase the amount of your Electronic Book Voucher.
These changes in credit hours my result in overspending, and consequently, you will
be BILLED for any excess greater than the allowable Electronic Book Voucher amount.
|What is the purpose of the Electronic Book Voucher? The Electronic Book Voucher is used to purchase books and supplies that are directly related
to your academic courses. You can purchase one electronic device per academic year.
Other Bookstore merchandise, i.e., clothing, perfume, etc. should be purchased in
limited supply. Purchase your books and supplies first.
||What if I do not want an Electronic Book Voucher? You have the right NOT to use the Electronic Book Voucher. This means that you will
have to use your funds to purchase your books. Your refund check, which reflects
the difference between tuition and fees and your aid, is deposited into your account
approximately three weeks after the semester begins. Since most of the books you will
need for your classes are available in the OCC Bookstores, you may find it advantageous
to accept and use the Electronic Book Voucher.
|How do I know if I am eligible to receive an Electronic Book Voucher? If your tuition and fees are less than your financial aid award, the remaining amount
is available as an Electronic Book Voucher. If you have been awarded TIP or Indian
Tuition Grant ONLY, you will not have an Electronic Book Voucher, because these awards
are restricted to tuition and fees and tuition only, respectively. There is a maximum
amount per semester for the purchase of books and supplies.
||What if I still have questions about the Electronic Book Voucher and/or my financial
aid award? See Student Financial Resources and Scholarships
When can I use the Electronic Book Voucher? Specific dates are published at the Bookstore and in the schedule of classes. Generally,
you can use the book voucher after the last day of final exams of the semester through
the first full week of classes of the next semester.
Where do I go to take advantage of the Electronic Book Voucher? You must go to the OCC Bookstore at which your classes are located. Select your books
and required school supplies. The amount you may spend cannot exceed $1,200 per semester.
If you need assistance, ask the Bookstore staff.
Any financial aid amount remaining after tuition, fees, books, and supplies will be
disbursed according to the Check Refund Disbursement Schedule, available on the OCC
website. Once the 100% refund period is over and you are still registered in the classes,
your financial aid award will be disbursed to your student account to cover tuition
and fees. Remaining financial aid funds, if any, can be used to cover your books
and supplies. If you still have funds remaining, you will receive a refund.
If you were awarded a one-semester loan, you will receive two (2) separate disbursements.
IMPORTANT: You will remain signed up for direct deposit until you cancel the authorization.
Please keep your bank information current to avoid delay in receiving your refund.
REMEMBER TO PROTECT YOUR FINANCIAL INFORMATION. DO NOT SHARE PERSONAL INFORMATION