Ozarks Technical 
Community College

Hours Attending and Payment of Aid

The number of hours you are attending may have an effect on your financial aid award. A summary of effects for the Federal Pell Grant and Federal Direct Loans are as follows:

Federal Pell Grant (information below applies to all semesters)

Full Time	12 or more hours	100% of pell grant paid for the term
Three-Quarter Time	9 thru 11 hours	75% of pell grant paid for the term
Half-Time	6 thru 8 hours	50% of pell grant paid for the term
Less than Half-Time	1 thru 5 hours	+/-25% of pell grant paid for the term

How do I calculate my Federal Pell Grant amount for the term?

1. Find amount shown for Federal Pell Grant in Financial Aid by Term from your MYOTC account in Access OTC.
2. Find your enrollment status in the chart above and move to the right to find percentage to use.
3. Multiply amount in step 1 by percentage in Step 2

Example:

1. Federal Pell Grant amount for term is $5550
2. Enrolled in 6 hours, so percentage is 50% (.50)
3. 5550 x .50 = 2775
   

Federal Stafford Student Loan
For fall or spring semester, at least 6 hours is required for student loan. For summer, at least 3 hours is required for student loan. Not meeting this criteria could result in a loss of your Federal Direct Student Loan.

NOTE: If you enroll in any eight-week block courses, you will not receive the full financial aid award (Pell Grant or Loans) at one time. Any questions regarding eight-week block courses should be directed to the Financial Aid office