Types of Financial Assistance

Grants are funds provided by federal and state sources. Scholarships are provided by private sources and by the university to qualifying students. Grants and scholarships do not have to be repaid.

Federal Pell Grant

Pell Grants are awarded by the federal government to those students who are found eligible after completing the FAFSA. A Pell Grant is applied directly to your student account and does not have to be repaid. The amount is determined according to eligibility and the number of hours in which you enroll. Pell Grants are not available to students who have already completed a Bachelor's Degree.

Supplemental Educational Opportunity Grant (SEOG)

The SEOG is a federal grant administered by the University. The SEOG is applied directly to your student account and does not have to be repaid. Students who complete the FAFSA by April 1 and who are eligible for a Pell Grant have first priority for the SEOG. Eligibility is determined by the results of the FAFSA. The amount is subject to change based on availability of funds.

Oklahoma Tuition Aid Grant (OTAG)

OTAG is a grant awarded by the State of Oklahoma. Eligibility is determined by the results of the FAFSA and by the OTAG residency requirements. OTAG is applied directly to the student's account and does not have to be repaid. The student must complete and mail the FAFSA by March 1 to be considered for the OTAG.

Oklahoma Tuition Equalization Grant (OTEG)

OTEG is a grant awarded by the State of Oklahoma. Eligibility is determined by the results of the FAFSA and by the OTEG residency requirements. OTEG is applied directly to the student’s account and does not have to be repaid. The student must complete the FAFSA by May 15th to be considered for the OTEG Program.

Oklahoma Higher Learning Access Program (OHLAP)

OHLAP is a grant awarded by the State of Oklahoma and the student must be enrolled in the program through out high school. Eligibility is determined by the results of the program enrollment and by the OHLAP agency requirements. OHLAP is applied directly to the student’s account and does not have to be repaid.

Federal Student Loans

Student loans Stafford and parent loans (PLUS) are funds provided by the federal government which must be repaid. Different types of student loans may be available, depending on your eligibility for each.

Satisfactory Academic Progress Standards

Federal regulations require that any student who receives financial assistance must make satisfactory academic progress in the course that he/she is pursuing. Financial assistance funds include: Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Work-Study, Perkins Loan, Stafford Student Loan, Parent Loan, Oklahoma Tuition Aid Grant (OTAG & OTEG) and MACU scholarships.

The Financial Assistance office will review students Academic Progress at the end of each semester.