Types of Financial Aid
Paying for College
College can be expensive. Don’t give up when you see the price tag. Financial aid is available to help you meet the cost of higher education. There are several types of aid available to you.
Grants are available from the federal government, the state of Oklahoma and from MACU. By submitting the FAFSA, you will be given eligibility consideration for all federal and state grants. Many grants are based on your financial need. Grants are considered gift aid and they do not need to be repaid. Please speak with your admissions counselor for information on upcoming deadlines.
Grants are funds provided by federal and state sources. Grants do not have to be repaid.
Federal Pell Grant
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.
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 before deadline 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. To qualify for SEOG, the FAFSA must be completed by March 1.
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. For best consideration, you should complete and submit the FAFSA to the federal student aid application system as soon as possible after Oct. 1 and at the latest completed by Dec. 1.
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. For consideration, you should have your FAFSA completed by March 15 (fall semester) or Oct. 15 (spring semester).
"OK Promise" 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 throughout 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.
NOTE: Institutional scholarships are only available for Traditional (On-ground, Daytime) Students.
Scholarships are gifts you do not have to pay them back. Scholarships can be based on need or merit or both. You may receive scholarships from colleges, organizations, or foundations. Different scholarships are available for different types of students. Scholarships may be based on your grades, what you want to study in college, whether you are male or female, or your after-school activities. Check on the right side of this page for the listing of available scholarships.
ADULT STUDENTS: If you are an adult (CAGS) student, MACU has compiled an extensive list of scholarships available to MACU students. Please click here to access that website and search for scholarships!
Loans have to be repaid; even if you don't finish school!
Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest, just like a car loan or other loan. You cannot cancel this loan because you didn't like the education you received, quit in the middle, or didn't get a good job after school. Check on the right side of this page for the listing of available loans.
Under the Federal Work-Study (FWS) Program, you work part-time to earn money for your education. It is available to students who demonstrate financial need.
Work-study jobs may relate to your course of study or involve community service. Often the jobs are on campus. You'll earn at least minimum wage. Check on the right side of this page for the listing of available loans