Information on Student Financial Assistance

Home Consumer Information Information on Student Financial Assistance

Overview of Financial Aid Programs

Descriptions of aid programs and Information about OPSU scholarships

Criteria for Selecting Recipients and for Determining Amount of Award

Information on how need is determined and how need-based aid is awarded

Eligibility Requirements

In addition to the specific requirements for the various types of aid listed on the overview above, applicants have general eligibility requirements for federal financial aid.

Procedures for Applying for Aid

Information on applying for aid

Rights and Responsibilities of Aid Recipients

The rights and responsibilities are outlined in the OPSU Student Code of Conduct.

Continued Eligibility for Aid

Information regarding continued eligibility for aid (PDF)

Standards for Satisfactory Academic Progress

The Satisfactory Academic Progress Policy (PDF) outlines requirements to maintain eligibility, requirements to regain eligibility, and the appeal process.

Methods and Frequency of Disbursements of Aid

Financial aid is disbursed to students in different ways depending on the type of aid and other factors.

Terms and Conditions of Financial Aid Employment

Federal Work-Study employment information

Terms of Student Loans

Information about each type of loan, including descriptions, interest rates, loan fees, annual and aggregate limits, the necessity to repay the loan, and possible deferment or cancellation provisions.

National Student Loan Data System (NSLDS)

Information relating to individual federal student and parent loan borrowers will be submitted by OPSU to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.

Student Loan Information Published by the U.S. Department of Education

In addition to OPSU-specific information and procedures related to federal student loans, students can find information published by the U.S. Department of Education.

Code of Conduct for Student Loans

OPSU adheres to a code of conduct regarding relationships with providers of private educational loans.

Scholarship Fraud

Information to help students content identify and prevent fraud.

The Exit Counseling Information the Institution Provides and Collects

Students loan borrowers are notified, during the semester in which they have applied for graduation, that they need to complete student loan exit counseling. Federal Direct Subsidized or Unsubsidized Loan borrowers complete exit counseling through the U.S. Dept. of Education.

Federal Student Financial Aid Penalties for Drug Law Violations

A conviction for any offense, during the period of enrollment for which the student was receiving Title IV, HEA program funds, under any federal or state law involving the possession or sale of illegal drugs will result in the loss of eligibility for any Title IV, HEA grant, loan, or work-study assistance.

Price of Attending OPSU

  • Actual OPSU tuition and fee charges are provided by the OPSU Bursar.
  • Estimated tuition and fees, books and supplies, room and board, and personal/miscellaneous expenses are provided by the Business Office.
  • Panhandle State University will not charge any covered individual (those using VA education benefits under CH 30, 31, 33 or 35) living in the state where the institution is located more than the in-state tuition rate regardless of their home of record.

Refund Policy and Withdrawal Procedures

The OPSU Refund of Tuition/Fees Policy and the procedures for withdrawing from the University are provided by the OPSU Registrar.

Student Loan Default Rates

A 3-year cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. The U.S. Department of Education releases official cohort default rates once per year.

Information about OPSU’s most recent 3-year cohort default rate is available from the U.S. Department of Education at the College Navigator site listing for Oklahoma Panhandle State University.

Section 1018 Disclosure for Students Receiving Veterans Benefits

Section 1018 of Public Law 116-315, Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020, adds new requirements for educational institutions participating in the educational assistance programs of the Department of Veterans Affairs (VA). These new provisions became effective June 15, 2021 and will apply to Institutions of Higher Learning and Non-College Degree institutions beginning August 1, 2021.

Read the full disclosure (PDF)

Repayment Policy

The federal government mandates that students who withdraw from all classes may only keep the financial aid (federal Title IV grant and loan assistance) they have “earned” up to the time of withdrawal. Funds that were disbursed in excess of the earned amount must be returned by OPSU and/or the student to the federal government.

OPSU Return to Title IV (Repayment) Policy