Types of Aid
When it comes to paying for school, you're not alone. Grants, scholarships, work-study, and low-interest loans help make college more affordable. Financial aid is offered from many sources. Please visit the Federal Student Aid website as well as the links on this website to review the types of aid programs offered.
Financial aid awards may be affected by estimated financial assistance (EFA). In general, EFA is defined as any form of financial assistance given to a student by the institution, an individual, or an outside organization. This includes, but is not limited to the following:
- institutional and outside agency scholarship funds
- employer reimbursement of tuition
- tuition/fee waivers
- AmeriCorps funds
Students can only receive financial assistance (federal, state, and institutional aid and outside EFA) up to the total Cost of Attendance. Outside EFA funds received in a prior award year may be estimated for a future award year to prevent overawarding of financial aid. However, once EFA funds are received by Ohio University, they will be counted as a resource. When EFA is added to a student's overall financial aid award offer, other types of aid, such as Federal Direct Loans or certain grant funds, may require a reduction to prevent an overaward situation.