Earning a diploma or degree is the best investment you can make in yourself and your future; Orion College is committed to helping you find every avenue for financing your education. We offer students competitive tuition rates and numerous financial aid options, which
include loans or grants through a variety of financial aid programs; federal, state, and county aid, military funding, and self-pay options. The amount of the award depends on the determination of the student’s eligibility, his/her enrollment status, cost of attendance, and a payment schedule issued by the U.S. Department of Education, Office of Student Financial Assistance.
Free Application for Federal Student Aid (FAFSA)
In order to determine your eligibility and receive funds, you must first complete the Free Application for Federal Student Aid FAFSA is a web-based form that will help determine your financial aid eligibility. There are many factors that are involved in determining your financial aid package, and FAFSA is the only way to apply for Title IV aid. In order to access the FAFSA please go to www.fafsa.gov
and begin the application process. The federal school code for Orion College is 041359. To view the FAFSA on the Web Worksheet, which provides a preview of the questions that you may be asked while
completing the online FAFSA application, Click here.
Military Financial Aid
Orion College is an approved for various types of Military Aid. Click here to view to OC’s Military
Section for further information regarding different military financial aid programs.
Federal Pell Grant
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor’s or a professional degree. (In
some cases, however, a student enrolled in a post-baccalaureate teacher certification program might receive a Pell Grant.) Pell Grants are considered a foundation of federal financial aid, to
which aid from other federal and nonfederal sources might be added.
Direct Subsidized Stafford Loans
Direct Subsidized Loans are for students with financial need. Orion College’s Financial Aid Office will review the results of your Free Application for Federal Student Aid (FAFSA) and determine the amount you can borrow. You are not charged interest while you’re in school at least half-time and during grace periods and deferment periods. Grace periods are a length of six months after last day of attendance or drop below half-time status.
Direct Unsubsidized Stafford Loans
You are not required to demonstrate financial need to receive a Direct Unsubsidized Loan. Like subsidized loans, Orion College’s Financial Aid Office will determine the amount you are able to borrow. Interest accrues (accumulates) on an unsubsidized loan from the time it is first paid out. You can pay the interest while you attend school, during grace periods and deferment, or forbearance periods, or you can allow it to accrue and be capitalized (that is, added to the principal amount of your loan). If you choose not to pay the interest
as it accrues, this will increase the total amount you have to repay because you will be charged
interest on a higher principal amount.
Direct PLUS Loans for Parents
Parents of dependent students may apply for a Direct PLUS Loan to help pay their child’s education expenses as long as certain eligibility requirements are met.
Although Orion College does not currently offer any institutional scholarships, there are plenty of scholarships available to those who may qualify. The internet is a great search tool for scholarship possibilities.
Orion College strongly suggests those who are unemployed check with their local county agencies for financial aid opportunities that may be offered by their counties. If you are employed, we suggest that you ask your human resources officer, whether employee tuition reimbursement programs are offered by your company.
Federal Student Financial Aid Penalties for Drug Law Violations
The Federal Government is serious about the war on drugs, which is why the FAFSA addresses this particular topic directly. Just because you might have made a mistake in the past does not automatically exclude you from receiving Federal Aid. If you aren’t sure if you are disqualified because of your past drug offense history, please see the Federal Worksheet.
National Student Loan Data System (NSLDS) Disclosure Information
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s central database for student aid. It receives data from schools, agencies that guaranty loans, the Direct Loan program, and other U.S. Department of Education programs. NSLDS provides a centralized, integrated view of Title IV loans and grants that are tracked through their entire cycle; from aid approval through closure. All students or parents will receiving federal student aid will have the award information reported to the National Student Loan Data System (NSLDS). Please see the NSLDS Privacy Impact Assessment to see what information is collected, why it is collected, and how it is used.
FAFSA Verification Information
Your FAFSA may be selected for verification. Verification is the process by which certain required information on the FAFSA is reviewed for accuracy and completeness. Students are selected for verification for one of the following reasons: the Central Processing System found inconsistencies and/or potential errors in the student’s FAFSA, random selection, or school selection. If you are selected for verification, you will be expected (at a minimum) to complete a verification worksheet provided by the financial aid office. You may also have to notarize and mail the worksheet depending on the verification type. It is recommended to use the IRS Data Retrieval Tool (DRT) when completing the FAFSA. The IRS DRT ensures accuracy of financial information and reduces the amount of paperwork required to clear verification in most instances. Verification must be completed prior to end of the first class. Failure to complete verification by the end of the first class will result in cancellation from the program. Extensions for completing verification may be granted on a case-by-case basis.