Grants are funds provided by federal and state sources. Grants do not have to be repaid.
Scholarships are provided by private sources and by the University to qualifying students. Scholarships do not have to be repaid
Student loans are funds provided by the federal government and they must be repaid. Different types of student loans may be available, depending on the student's eligibility for each.
The Federal Work Study Program provides students with an opportunity to work in order to help pay for their educational expenses. Eligibility is determined by the Student Aid Report. On- and off-campus employment includes clerical, library, reading tutors, maintenance, cleaning, and recreational services.
The following is a list of available grants.
Pell Grants are awarded by the federal government to 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.
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.
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 15 or earlier to be considered for OTAG.
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 March 15 for the fall semester and October 15 for the spring semester to be considered for the OTEG Program.
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.
Examples of MACU Scholar-GPA:4.0/ACT 31 or GPA: 3.8/ACT 33
Students must maintain 3.2 cumulative GPA for annual renewal.
Examples of Trustee Scholarship-GPA:4.0/29 or GPA:3.5/ACT 35
Must maintain 3.0
Examples of President's Scholarship-GPA:4.0/ACT22 or GPA:3.2/ACT 28
Students must maintain 3.0 cumulative GPA for annual renewal.
Examples of Dean's Scholarship-GPA:3.8/ACT 20 or GPA:3.0/ACT 30
Students must maintain 2.8 cumulative GPA for annual renewal.
General eligibility criteria for MACU Scholar-cumulative college GPA of 3.9 or better
Students must maintain 3.2 for annual renewal.
General eligibility criteria for MACU Scholar-cumulative college GPA of 3.75 or better
Students must maintain 3.00 cumulative GPA for annual renewal
General eligibility criteria for MACU Scholar-cumulative college GPA of 3.49 or better
Students must maintain 3.0 cumulative GPA for annual renewal.
General eligibility criteria for MACU Scholar-cumulative college GPA of 3.25 or better
Students must maintain 2.8 cumulative GPA for annual renewal.
General eligibility criteria for MACU Scholar-cumulative college GPA of 3.1 or better
Students must maintain 2.8 cumulative GPA for annual renewal.
The following is a list of available 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.
A Subsidized Stafford Loan is a low interest loan based on financial need. Interest is paid by the federal government while you're attending school at least half-time and during the six-month grace period following graduation or a drop to less than half-time enrollment. Application for the loan is made through a separate lending institution. Prior to disbursement, some lenders may withhold origination/default fees from the original loan amount. For details on the maximum annual loan limits, contact the Student Financial Services office. All Subsidized Stafford loans must be repaid.
Unsubsidized Federal Stafford loan is a low-interest loan that is not based on financial need. If the student is not eligible for a Subsidized Stafford Loan, as determined by the results of the FAFSA, an Unsubsidized Stafford Loan can be an alternative. Unsubsidized means that interest will accrue while the student is enrolled in school. The student can choose to pay the interest while in school or defer the interest and have it added to the principal balance. As with the subsidized loan, repayment on the principal does not begin until six months after the student has graduated, dropped below half-time status, or withdrawn from the University. Application for the loan is made through a separate lending institution. Prior to disbursement, some lenders may withhold origination/default fees from the original loan amount. For details on the maximum annual loan limits, contact the Student Financial Services office. All Unsubsidized Stafford loans must be repaid.
A PLUS is available to parents who want to help their dependent children with their cost of education. Eligibility is based on credit history as determined by federal guidelines and the lending institution. The interest rate is fixed (not to exceed 9%). The maximum loan limit is not to exceed the student federal budget less any additional assistance the student may be receiving. Prior to disbursement, the lender withholds 4% from the loan amount to cover loan origination and insurance fees. Repayment of the PLUS begins immediately after the loan is disbursed.
Work study is a federal program that provides funds to the school for the student's employment. A student may be employed on the campus even though he or she has not been awarded work study.
First priority for federal work study is given to students who have the highest need according to the federal calculation. Because funds are limited, students who apply early will be considered first for work study funds.
It is the responsibility of the student to secure a job. The Work Study award is not a guarantee of employment.
See the office of Student Financial Services for availability and applications.
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