OU’s Commitment to Returning Students Receiving Need-Based Aid
January 24, 2024
By now you’ve likely heard about the changes made to the 2024-25 Free Application for Federal Student Aid (FAFSA). There is great hope that these changes will result in increased numbers of students qualifying for more financial aid than ever before. Two of the most significant changes to the 2024-25 FAFSA are the methodology used when calculating financial aid eligibility, and the transition from Expected Family Contribution (EFC) to Student Aid Index (SAI).
OU students who previously qualified for need-based grant aid did so because of having an EFC of less than $8,000. The 2024-25 FAFSA no longer produces an EFC. In an effort to ensure continued access for students, OU quickly made a decision about how to determine future eligibility of OU’s need-based grant aid for returning students. The university leaders understand that continued support is important as OU awarded almost $15 million in need-based grant aid to students in 2023-24.
Nicole Boelk, director of Financial Aid and Scholarships
