1. Fill out the FAFSA

Oregon students apply for the Oregon Opportunity Grant by completing the Free Application for Federal Student Aid (FAFSA), which is also the application for most federal student aid programs. Students must complete a FAFSA each year to ensure access to both federal programs and the grants and scholarships that OSAC administers.


Complete the Oregon Student Aid Application (ORSAA). The fee is waived for Oregon applicants only if they select a school with an ORSAA prefix. We ask that DACA students who have already submitted a FAFSA submit the ORSAA as well so that we can calculate their eligibility for an Oregon Opportunity Grant.

If you are not sure which application to complete, use this filtering tool to help you decide.

2. Fix FAFSA errors right away!

If the SAR shows errors or FAFSA information that needs to be corrected, students should resolve those errors right away. Funds are limited, so those who wait too long to resolve errors may not receive a grant. The most common errors are missing signatures and conflicts between a student’s name and social security number

Beginning July 1, 2015, our SAP policy will require students to submit a complete SAP appeal by the end of week 7 of the term they are seeking reinstatement of financial aid eligibility. If an appeal is received after week 7 it will be considered for future term reinstatement of eligibility.

We have also increased the Maximum Time Frame (MTF) eligibility for the Sustainability, Innovation Management, and Computer Science Double Degree programs to reflect the greater number of credits required for these degrees.

Please refer to our Satisfactory Academic Progress webpage to learn more about our SAP policy requirements.

The FSA ID ― a username and password ― has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents. For more information and instructions on how to create your FSA ID, please check out the links below:

Federal Student Aid – The FSA ID

How to Create an FSA ID (pdf)

Don’t delay, some funds are extremely limited and if you wait you could miss out! Visit www.fafsa.gov starting January 1st to submit your application for the 2015-2016 aid year! Don’t have your taxes done? Haven’t received your W2’s yet? Don’t worry, you can file using estimated amounts and update the information when you complete your 2014 taxes! The initial filing date is what is used, and updates will not change the filing date for funds that have limited availability. With increased demand and limited funds it is imperative that you file your FAFSA as soon as possible to insure consideration for additional funding. Waiting to file could mean missing out on additional funding! See When Do I Apply? for other important dates and opportunities to keep in mind!

The National Student Clearinghouse has informed OSU that it will stop providing weekly enrollment status change updates for Direct Student Loan borrowers to Federal Student Aid (FSA). FSA believes that they now receive sufficient reporting on Direct Loan borrowers through the federally mandated roster/Student Status Confirmation Report (SSCR) process.  OSU will monitor this change to determine if any additional submissions to FSA will be needed.

OSU is having Constitution Day event on Wednesday September 17th. This year’s Constitution Day event will be on the topic of Gun Rights in America.   Join Ben Mutschler, Rorie Solberg and Bill Uzgalis as they trace the complex history and changing attitudes toward gun ownership in the United States. The event is being held at 208 Memorial Union from 2:00 PM to 4:00 PM.  For more information about Constitution Day check out the Financial Aid and Scholarships web page at http://financialaid.oregonstate.edu/constitution-day .

Interest rates are established each year for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans for which the first disbursement is on or after July 1 through the following June 30. The rate is the sum of a uniform “index rate” plus an “add-on” that varies depending on the type of loan and whether the borrower is an undergraduate or a graduate/professional student.  Under the new provision, interest rates are the same for Direct Subsidized Loans and Direct Unsubsidized Loans taken out by undergraduate students, with a different rate for Direct Unsubsidized Loans taken out by a graduate/professional student and for PLUS Loans taken out by parent borrowers or graduate/professional student borrowers.

Under the law, the index rate is determined each year as the “high yield of the 10-year Treasury note” auctioned at the final auction held prior to the June 1 preceding the July 1 of the year for which the rate will be effective, plus a statutorily defined “add-on”.  As noted, the add-on differs depending on the type of loan and the student’s grade level. Each loan type is also subject to a maximum interest rate (or cap).

The interest rate for a loan, once established, applies for the life of the loan – that is, the loan is a fixed-rate loan.

On Tuesday, May 7, 2014, the Treasury Department held a 10-year Treasury note auction that resulted in a high yield of 2.612%.  The chart below displays the resultant interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2014 and before July 1, 2015.

Undergraduate Direct Student Loans

  • Subsidized-4.66%
  • Unsubsidized-4.66%

Graduate Direct Student Loans

  • Unsubsidized-6.21%
  • Graduate PLUS-7.21%

Parent Direct Loans

  • Parent PLUS-7.21%