Applying for Financial Aid

Students applying for the Federal Student Aid Program (known as Title IV) must comply with the following procedures in a timely manner. Failure to complete the process may result in a loss of Title IV funds.

  1. Complete the Free Application for Federal Student Aid (FAFSA). The application can be submitted either online by logging in at www.studentaid.gov, or by downloading the myStudentAid app. Once the FAFSA has been processed, a Student Aid Report (SAR) will be emailed to the student and a copy will be transmitted to the Financial Aid Office (FAO) if Oakwood University’s school code is included on (001033) on the FAFSA.
  2. If you are selected for verification, you may be required to submit documents as requested by the school:

To receive federal aid, students must:

  1. Have a high school diploma or a General Education Development (GED) certificate.
  2. Be enrolled as a regular student in an eligible program to receive federal student aid (FSA) funds. A regular student is someone who is enrolled or accepted for enrollment in an eligible institution for the purpose of obtaining a degree or certificate offered by the school.
  3. Be a U.S. citizen or eligible noncitizen.
  4. Have a valid Social Security number.
  5. Make satisfactory academic progress.
  6. Attend classes.