Student in the Library, Graduating Students, Students in the Classroom
Federal School Code 005753

Terms and Conditions of the Studentís Financial Aid Package

Most financial aid is originally packaged assuming the student will be a full-time student enrolled in a minimum of 12 credit hours each semester. Some aid programs require that the student is enrolled for a minimum number of credit hours to receive financial assistance. Audited courses and courses taken through the Workforce and Community Services Division do not count toward enrollment requirements.

Some aid programs have supplemental requirements in addition to enrollment and grade point average. Nursing and Federal Direct Stafford Loans require that the student sign and complete a promissory note. First-time Federal Direct Stafford Loan borrowers at Owens Community College also must complete Entrance Counseling. Students accepting an offer for Federal Work Study, America Reads program, and America Counts program must be hired and perform their assigned job duties before they receive those funds.

If the student is receiving any type of private, public or outside scholarship he/she must report it to the Office of Financial Aid. Failure to do so may result in an over award, which may cause a balance on the studentís Owens account and will require immediate repayment.

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