Financial Aid FAQ
Frequently Asked Questions
- What about my Student Loan or what does "Loan App Received" mean?
- Why did I not receive the student loan amount I requested?
- What is an unsubsidized loan?
- What is a subsidized loan?
- How do I apply for Financial Aid?
- Who is eligible for Financial Aid?
- What is an academic year?
- Do I have to apply for financial aid every year?
- I missed OTC's deadline for aid. Is it useless to file a (FAFSA)?
- What information is needed to apply for financial aid?
- When should I apply for financial aid?
- Can I get financial aid for the summer?
- How do I know if my (FAFSA) has been received and/or processed?
- Can I transfer my financial aid to OTC or from OTC?
- Why do I have to apply for financial aid using my parent's information?
- My parents are separated or divorced, who should complete their information on the FAFSA?
- If my parent has remarried, do I have to include my stepparent's information on the FAFSA?
- How do I answer the question about the balance in my cash, savings, and checking accounts?
- What can I do if mine or my family's income has changed drastically since completing taxes?
- I will be getting married during the school year. Can I fill out my FAFSA as "Married"?
- How much will I and/or my family be expected to contribute towards my yearly college costs?
- How is financial need calculated?
- If I receive my financial aid award and later receive an additional scholarship, can my aide be adjusted?
- When will I receive my financial aid at OTC?
- What do I do if I failed to list OTC on my SAR/ISIR?
- What is Satisfactory Academic Progress?
- What will happen to my financial aid if I drop a class?
- What will happen to my financial aid if I withdraw from ALL classes?
- Do I have to attend all of my classes in order to receive financial aid?
- What are B block classes and how will they affect my financial aid?
- What is Entrance Counseling?
- What is Exit Counseling?
- Can I still receive financial aid if I have a drug conviction?
- Financial Aid Student Notifications