Scholarships are gift aid that do not require repayment. They are awarded based on merit and/or financial need. Apply for SOU Scholarships through the SOSA application.
By completing the FAFSA, you are applying for all types of Federal and State Aid available, including:
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- Oregon Opportunity Grant (Oregon Residents Only)
- Federal Work-Study
- Federal Direct Loans
Grants are gift aid that do not require repayment. Some grants are awarded on a first come, first served basis. File the FAFSA on or after October 1st.
Federal Pell Grant
- Up to $6,095 for 2018-19
- Has a lifetime limit of 6 full years
- Awarded based on need
- Prorated awards are available to part-time students
Work Study provides student's with on campus and off campus job opportunities to help pay for educational expenses. Visit our Work-Study page for more information about the SOU Work-Study program.
Students must be enrolled in at least six credits in order to qualify for loans. Before receiving a loan, a student must complete Entrance Counseling and a Master Promissory Note.
Federal Direct Subsidized and Unsubsidized Loans are applied for by filing a FAFSA. There is a limit to how much you can borrow.
Federal Direct Subsidized Loan
If you were awarded a Federal Direct Subsidized Loan and you choose to accept it, the Federal government pays your interest while you're in school at least half-time. This loan is award based on your financial "need" as defined by the federal government.
The Federal Direct Subsidized Loan has a six-month grace period from the time you graduate, leave school, or drop below half-time enrollment before you are required to begin repayment. Your loan servicer will contact you during this time with repayment infromation.
The Interest rate on this loan is 5.05%.
There is also an origination fee of 1.062%.
Interest and fees are fixed for the 2018 - 19 Academic Year.