Student Financial Services
North Foundation Hall, Room 120
318 Meadow Brook Road
Rochester,
MI
48309-4454
(location map)
(248) 370-2550
finservices@oakland.edu
Office Hours:
M-F 8 a.m. - 5 p.m.
Have your Grizzly ID ready
OU school code: 002307
Student employment contact: studentempl@oakland.edu
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Undergraduate Students
More than half of our students receive financial aid to help them cover some or all of their Oakland University tuition. Read on to learn more about the assistance available to our undergraduate students.
To be considered for merit scholarships, Oakland University must receive your admission application, transcript and SAT or ACT score (if applicable) by the priority deadline of March 1, 2023 for fall, December 1, 2023 for winter and July 1, 2024 for summer. If you meet these deadlines, you will automatically be considered for OU scholarships. Scholarship awards are based on your academic record, including GPA and SAT or ACT score (if applicable), at the time of admission (test superscores are not considered at this time). You may submit updated transcripts and/or test scores for scholarship reconsideration until the scholarship deadline. International students are not eligible for OU scholarships, except where reflected. The total amount of Oakland University institutional awards and tuition waiver benefits cannot exceed the cost of tuition (the Geographic Region Award is not included in this limitation of OU awards and benefits). Students may only receive one academic merit scholarship (except for the Non-Resident Award and Geographic Region Award, if applicable).
PLATINUM PRESIDENTIAL SCHOLAR AWARD
- Amount: $48,000 for four years ($12,000 per year)
- Requirements
- High school GPA: 3.90 or higher
- SAT score: 1450 or higher
- ACT composite score: 33 or higher
GOLD PRESIDENTIAL SCHOLAR AWARD
- Amount: $36,000 for four years ($9,000 per year)
- Requirements
- High school GPA: 3.90 or higher
- SAT score: 1390-1440
- ACT composite score: 31-32
DISTINGUISHED SCHOLAR AWARD
- Amount: $22,000 for four years ($5,500 per year)
- Requirements
- High school GPA: 3.90 or higher
- SAT score: 1300-1380
- ACT composite score: 28-30
OR - High school GPA: 3.80-3.89
- SAT score: 1300 or higher
- ACT composite score: 28 or higher
TALENTED SCHOLAR AWARD
- Amount: $14,000 for four years ($3,500 per year)
- Requirements
- High school GPA: 3.80 or higher
- SAT score: 1200-1290
- ACT composite score: 25-27
OR - High school GPA: 3.7-3.79
- SAT score: 1200 or higher
- ACT composite score: 25 or higher
OR - High school GPA: 3.9 or higher
- No test score (or a score of up to 1190 on the SAT / 24 on the ACT)
ACADEMIC ACHIEVEMENT AWARD
- Amount: $8,000 for four years ($2,000 per year)
- Requirements
- High school GPA: 3.40-3.89
- SAT score: 1130-1190
- ACT composite score: 23-24
OR - High school GPA: 3.4-3.69
- SAT score: 1200 or higher
- ACT composite score: 25 or higher
OR - High school GPA: 3.50-3.89
- No test score (or a score of up to 1120 on the SAT / 22 on the ACT)
UNIVERSITY RECOGNITION AWARD
- Amount: $4,000 for four years ($1,000 per year)
- Requirements
- High school GPA: 3.00-3.49
- No test score (or a score of up to 1120 on the SAT / 22 on the ACT)
- OR
- High school GPA: 3.00-3.39
- SAT score: 1130 or higher
- ACT composite score: 23 or higher
GEOGRAPHIC REGION AWARD
- Amount: $6,000 for four years ($1,500 per year)
- Requirements
- High school GPA: 3.0 or higher
- Resident of Michigan counties outside of Macomb and Oakland who wish to live on campus
- Must live in university housing and have full semester housing charges each semester
NON-RESIDENT AWARD
- Amount: In-state tuition rates
- Requirements
- High school GPA: 2.5 or higher
- U.S. citizen (citizens and permanent residents of Canada and Mexico may also qualify)
- Non-Michigan resident
- Must live in university housing for their first two years
To be considered for need-based grants, entering freshmen who are Michigan residents must complete the FAFSA and fulfill all financial aid requirements by the priority deadline of July 1 for fall, March 1 for summer and December 1 for winter. Entering freshmen Michigan residents who have financial need as determined by the completion of the FAFSA will automatically be considered for OU grants. A combination of Oakland University institutional awards and tuition waiver benefits cannot exceed the cost of tuition (the Geographic Region Award, the OU Housing Grant and OU departmental and endowed awards are not included in this limitation of OU awards and benefits). Financial awards from all sources cannot exceed financial need and/or the cost of attendance.
GOLDEN GRIZZLIES TUITION GUARANTEE
- Amount: Full tuition for up to four years*
- Requirements
- Expected family contribution (EFC) of less than $8,000
- Michigan resident
GOLDEN GRANT
- Amount: Up to $20,000 for four years (up to $5,000 per year)*
- Requirements
- High school GPA: 3.0 or higher
- Expected family contribution (EFC) of less than $8,000
HOUSING GRANT
- Amount: Up to $20,000 for four years (up to $5,000 per year)*
- Requirements
- High school GPA: 3.0 or higher
- Expected family contribution (EFC) of less than $8,000
- Must live in university housing
- Must have full semester on-campus housing charges not covered by another housing award
*Grant amounts are dependent upon financial need established by completing the FAFSA.
Community college students or graduates: are you currently working on the front lines? If so, you may qualify for OU's Frontline Workers Scholarship.
PRESIDENTIAL TRANSFER AWARD
- Amount: $10,000 for two years ($5,000 per year)
- Requirements
- College GPA: 3.80 or higher
- 56 or more transferable credits*
- Must be coming from a Michigan community college
PHI THETA KAPPA AWARD
- Amount: $5,000 for two years ($2,500 per year)
- Requirements for community college students
- College GPA: 3.80 or higher
- 24-55 transferable credits*
OR - College GPA: 3.50-3.79
- 24 or more transferable credits
- Requirements for four-year college or university students
- College GPA: 3.50 or higher
- 24 or more transferable credits*
TALENTED TRANSFER AWARD
- Amount: $2,000 for two years ($1,000 per year)
- Requirements
- College GPA: 3.0-3.49
- 24 or more transferable credits*
NON-RESIDENT AWARD
- Amount: In-state tuition rates for two years
- Requirements
- College GPA: 2.5 or higher
- Non-Michigan resident
- U.S. citizen (citizens and permanent residents of Canada and Mexico may also qualify)
- 24 or more transferable credits*
OU TRANSFER GRANT
- Amount: $2,000 for two years ($1,000 per year)
- Requirements
- Expected family contribution (EFC) of $0
- 24 or more transferable credits*
*Transferable credits must be earned by the scholarship deadline.
OU scholarships and grants are renewable, provided the criteria is met. Scholarships and grants are evaluated for renewal over the summer; students who attend full-time during the summer semester and utilize their scholarship and/or grant will be evaluated for renewal after summer grades have been posted. View examples and frequently asked questions of renewal scenarios for help in understanding eligibility after the first year. Select the appropriate information below to view the renewal criteria for scholarships and/or grants awarded in the year you first enrolled at OU; be sure to view the additional information following the renewal chart.
Students who do not meet renewal criteria and have extenuating circumstances, such as the death of an immediate family member or a serious illness or injury of the student, can request consideration for scholarship and/or grant reinstatement by calling a financial aid adviser at (248) 370-2550 or coming to North Foundation Hall, Room 120.
*Attendance in summer classes requires enrollment in full-time OU credits (12+ credits), uses one semester of scholarship eligibility and counts toward the renewal semesters. Academic performance will be reviewed at the end of the summer semester to determine if the student is eligible for scholarship renewal for the following fall semester. If the student does not complete full-time (12+ credits) and/or meet the GPA requirement for renewal, the award(s) will be canceled for any remaining semesters at OU.
**Students participating in a Community College Partnership program must attend OU full-time in their first college semester to be eligible to renew.
***Students must be enrolled in a minimum of 12 credits each fall and winter semester, excluding repeated courses within the same academic year, on the last day to drop/add classes with a 100% refund for the full semester.
**** Beginning fall 2017 the cumulative GPA for renewal is 3.0 and the student must have received the award during the 2016-2017 academic year.
Federal Grants
Undergraduate students are eligible for the Pell Grant. To view eligibility criteria, annual amounts, and aggregate limits, visit the grants page on the Federal Student Aid website.
The Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded to undergraduate students with exceptional need and based on the availability of funds. For information regarding eligibility criteria and annual amounts visit the grants page on the Federal Student Aid website.
Federal Work-Study
Available to undergraduate and graduate students, work-study awards are wages that can be earned through a campus job and does not have to be repaid. Funds are limited and awarded on a first-come, first-served basis according to a student's financial need. Visit Handshake to search and apply for student employment positions.
Federal Loans
Student loans
An undergraduate student can receive federal loans without a co-signer. The most commonly awarded loans for undergraduate students are the Federal Direct Subsidized and Federal Direct Unsubsidized loans, which are awarded based on a student's financial need. The Federal Perkins loan is a limited fund awarded on a first-come, first-served basis according to a student's financial need. For more information about annual and aggregate limits, interest rates, and repayment visit the loans page on the Federal Student Aid website.
Parent loans
Parents of dependent undergraduate students are able to apply for a Federal Direct Parent PLUS loan. The Parent PLUS loan is approved or denied based on the parent's credit, and if approved, the parent is responsible for repayment. If a parent is denied for a loan based on credit, an additional amount of the Unsubsidized loan will be awarded in the student's name. For information regarding interest rates and repayment terms, visit the loans page on the Federal Student Aid website. View Parent PLUS Loan application instructions and apply.
Consolidation loans combine several loans, with various repayment schedules, into one loan, requiring you to make only one monthly payment. The interest rate on a consolidation loan also may be lower than what you're currently paying on one or more of your loans. If you have at least one Federal Direct Loan, you may want to consider a Direct Consolidation Loan after you graduate from college but before you begin repayment of your loans.