Financial Information

Note: The semester fees included in this section are intended to be used as an approximation and not as the specific fees that will apply when students enroll at ORU. Fees are subject to change at the discretion of the ORU Board of Trustees.

In addition to tuition, room, and board, students are responsible for the cost of bed linens (sheets and pillowcases), towels, dry cleaning, toilet articles, clothing, travel, entertainment away from campus, course textbooks and materials, and other incidentals.

An ORU education should be considered an investment in the future. Students should read this section carefully in order to have a better understanding of what it costs to attend ORU. 

Upon acceptance, all undergarduate students pay an enrollment fee of $250 This fee is not refundable after May 1 (for fall semester) or after November 1 (for spring semester).

 

Tuition and Fees

Undergraduate
Graduate
ORU online and lifelong Learning

Full-Time Tuition per semester (12.0 - 18.5 hours)

2017-2018 $12, 900

Additional and Part-Time Tuition per credit hour

(over 18.5 or under 12 hours per semester,

minimum one credit hour.)

2017-2018 $1, 078

Additional and Part-Time Tuition per audit hour

(over 18.5 or under 12 hours per semester)

2017-2018 $539

Summer School Tuition per credit hour

2017-2018 $709

Graduate Business

Tuition per graduate hour

2017-2018.........................................................$696

Audit per graduate hour

2017-2018........................................................ $348

Online per hour (MBA-L program)

2017-2018.........................................................$385

Graduate Education

Tuition per graduate hour

2017-2018.........................................................$514

Audit per graduate hour

2017-2018.........................................................$257

Tuition per doctoral hour

2017-2018.........................................................$707

Audit per doctoral hour

2017-2018.........................................................$354

Online per hour (SADM online program)

2017-2018.........................................................$385

Graduate Theology and Ministry

Tuition Masters-Level per hour

2017-2018.........................................................$607

Audit Masters-Level per hour

2017-2018.........................................................$304

Doctor of Ministry per hour

2017-2018.........................................................$607

Online Degree Programs

Undergraduate and Graduate Tuition per credit hour

2017-2018.........................................................$385

 

Other Costs

Housing
Dining
Insurance

Towers (Susie Vinson, Suzie North, Frances Cardone, and Michael Cardone)

Double Rooms....................................$2,305/semester

Private Rooms....................................$3,305/semester

Gabrielle Christian Salem Hall

1st Floor Private Rooms (w/private bath)

............................................................$4,055/semester

1st/2nd Floor Double Rooms (w/private bath)

............................................................$2,190/semester

3rd Floor Private Rooms

............................................................$2,955/semester

3rd Floor Double Rooms

............................................................$2,105/semester

3rd Floor Special Room (Double w/private bath)

...........................................................,$2,190/semester

Claudius Roberts and Ellis Melvin Roberts Halls

Double Rooms....................................$1,930/semester

Private Rooms....................................$2,755/semester

Suites..................................................,,,,$3,905/semester

Flexible Plans which include Sodexo Bucks*

Flex Eagle (7 meals/week in cafeteria+$500 Sodexo Bucks/semester)

............................................................$2,445/semester

Flex Gold (10 meals/week in cafeteria+$350 Sodexo Bucks/semester)

............................................................$2,445/semester

Flex Plus (14 meals/week in cafeteria+$250 Sodexo Bucks/semester)

............................................................$2,445/semester

Flex One (17 meals/week in cafeteria+$200 Sodexo Bucks/semester)

............................................................$2,445/semester

*Sodexho Bucks may be used at other restaurants on campus such as Chick-fil-A, Moe’s, Hava Java, the Deli, and other locations.

Basic Meal Plan

All Access-unlimited access to the ORU Dining Hall continuous dining program in Hamill Student Center

............................................................$2,445/semester

The University highly recommends that all students carry health insurance. Students can look for options through the Marketplace at http://www.healthcare.gov.

 

Other Fees
Computer Purchase Plans
  • Application Fee
    • A non-refundable application fee of $35 is required of all students with any application for admission to the university. This fee is waived for online applications.
  • Course Fees
    • A $40 fee is charged for most art courses (art history courses are $15) as identified in the course descriptions at the back of this catalog.
    • Most music courses have fees, such as instrument use fees, as identified in the section titled “Music Fees” later in this section.
    • Some courses in the Communication and Media Department as well as the Theatre, Drama and Visual Arts Department have fees ranging from $5 to $40. They are identified in the course descriptions section at the back of the catalog.
    • A $30 fee is charged for each student in PED 100 01 and a $25 fee for each student in PED 203 the College of Education.
    • A $70 fee is charged for each student in PED 100 02.
    • Students in PED 450 or GPED 650 Student Teaching: Away are charged a $1300 fee to cover travel and hotel expenses for the university supervisor.
    • A $35 to $75 fee (most are $55) is charged for each engineering course in which a student enrolls.
    • Students enrolled in GEN 099, PRFT 059 or PRFT 759 are charged a fee of $70.
    • Each student in GEN 150 Introduction to Whole Person Education is charged a $150 fee.
    • A $15 fee is charged for most activity courses. These fees are used to cover the use of university physical education and recreation equipment and services while the student is enrolled at ORU Some activity courses (golf, equestrian, life guarding, and bowling) have fees that are charged by the off-campus facilities providing the health fitness activities. These fees are set by the facilities and are subject to change. Backpacking has a $60 course fee paid to the university.
  • Graduation Application Processing Fee
    • A $50 fee is charged to all students graduating with a bachelor’s degree and $63 for a master’s degree and Ed.S.
    • The D.Min. and the Ed.D. fee is $75.
  • General Fees
    • All students pay a $148 fee per semester for use and maintenance of technology.
    • All full-time residential bachelor’s, master’s, Ed.S. and Ed.D. students are charged $348 per semester.
    • All  online students pay $199 per seven-week term.
    • All part-time residential students are charged $134 per semester.
    • All D.Min. students are charged $134 per semester.
  • Lab Fees
    • Many courses involving laboratory sections charge fees for replenishing lab materials and equipment.
    • Lab fees are charged for science laboratory classes. The fees vary but are listed for each course in the course descriptions at the back of this catalog. Students enrolled in any science laboratory course are also charged the value of any broken or lost laboratory equipment for which they are responsible.
    • A $30 lab fee is charged to each student enrolled in COMP 101 to cover the Tutoring Center computer equipment, programs, and other lab costs.
    • A $30 lab fee is charged to each student enrolled in MAT 105 College Algebra and MAT 232 Elementary Statistics to assist in covering the cost of Math Lab fees and other lab costs.
    • A $45 lab fee is charged to each student enrolled in WRT 335 and 336 to cover the use of the equipment, supplies, and computer programs in the Print, Broadcast, Journalism Lab.
    • A $40 fee is charged each student enrolled in elementary (101 and 102) courses and intermediate level (203) foreign language courses, which use the J.L. Sanders International Language Lab and Cultural Center and equipment and computer programs.
  • Late Fees
    • A late fee of $250 is charged to graduate theology students who do not complete the third assessment in the prescribed semester.
    • A fee of $15 is for exams taken after the examination date. There are no early exams.
    • A late registration fee of $175 is charged to anyone not completing the registration process by the close of business on the first Friday of each semester. This process includes enrollment in classes as well as nonacademic and financial registration.
  • Locker Fee
    • A fee of $10 per semester (renewable each fall, spring, and summer) is charged for students’ lockers in the Aerobics Center. The fee includes laundry service for athletic clothing.
  • Malpractice Insurance and Background Check Fees
    • A $425 lab fee for students in NUR 202, 230, 305, 308, 406, and 430. This fee covers background checks, sim lab supplies, testing, and malpractice insurance.
    • Students in practicums, internships, and field education courses are charged a professional liability insurance fee of $15 and a background check fee of $25.50.
  • MultiMedia Institute Fee
    • This is a one-time fee charged when the MMI student is accepted into the institute. This fee is for the purchase of a multimedia computer for the student so he or she can complete required course and lab work.
  • Music Fees
    • Some fees apply to music classes.
    • A $40 music ensemble fee is charged per semester for each student enrolled in an ensemble.
    • A $55 instrument use fee is charged per semester for the use of university-owned musical instruments and equipment.
    • A $250 fee per credit hour per semester is charged for each student enrolled in any applied music course (MUS 001-051). This is charged for music lessons. Students must properly register through the Music Department, and all fees must be paid at the Student Accounts Office upon receipt of statement.
  • Summer School Administrative Fee
    • Each student is charged $20 per summer session of enrollment.
  • Test Fees
    • Some courses require standardized testing, for which there are fees.
    • BIO 451 students are required to take the standardized ETS Biology Field Test, which has a $30 test fee.
    • HLSS 402 students are required to take the standardized certification exam, which has a $100 fee.
    • HLSS 412 students are required to take the standardized certification exam, which has a $100 test fee.
    • PSY 323 students are charged a testing protocol fee of $45.
    • PSY 499 students are required to take the standardized ETS Psychology Field Test, which has a $30 test fee.
    • A $20 testing fee (payable to the College of Nursing) is charged to freshman nursing majors.
    • GCSL 724 and GCSL 732 students are charged a test fee of $40.
    • Counseling students enrolled in PRFT 065 are charged a $50 fee to cover the cost of the Counselor Preparation Comprehensive Exam.
    • Students in MGT 431 are charged a $25 fee to cover the National Field Test in Business.
  • Vehicle Registration
    • Any student, commuter or resident, who parks a motor vehicle on campus must register it with the Security Office. The annual fee is $100 for automobiles, $25 for motorcycles, and $5 for bicycles. Fees are payable at the Student Accounts Office.

ORU professors expect students to own their own computers and printers. Both hardware and software specifications can be obtained from the following webpage: http://compspecs.oru.edu. All student computers should have the latest operating systems offered by Microsoft or Apple. All other software can be purchased at the ORU Bookstore when students arrive on campus. The bookstore often offers software at prices that have educational discounts. Students are encouraged to consult with either their professors or contact persons before purchasing software. A student may purchase a computer and printer from any source or bring them from home if they meet minimum requirements.

Financial Aid may be available to assist a student in financing a computer. Any interested student needs to notify his or her financial aid specialist at ORU for more information. A student can use financial aid for a computer purchase once every four years. A student needs to wait until financial aid is disbursed to apply for a refund. Then the student can utilize the refund towards the computer purchase.

Questions about computer needs while students are at ORU can be answered by staff in the Admissions Office at (918) 495-6529 or from the specific ORU departments and colleges listed below.

Behavioral Sciences Department

Psychology

Contact Person: Randall Feller (rfeller@oru.edu or 918-495-6544)

Social Work

Contact Person: Lanny Endicott (lendicott@oru.edu or 918-495-6543)

Biology and Chemistry Department

Biology

Contact Person: Marcia Matthews (mmatthews@oru. edu or 918-495-6930)

Premedicine and pre-health professions

Contact Person: Hal Reed (hreed@oru.edu or 918-495-6945) or Lois Ablin (lablin@oru.edu or 918-495-6926)

Science Education

Contact Person: Catherine Klehm (cklehm@oru.edu or 918-495-6919)

All chemistry majors

Contact Person: William Collier (wcollier@oru.edu or 918-495-6927)

College of Business

All majors and degrees

Contact Person: Bill Elliott (belliott@oru.edu or 918-495-7114)

Communication and Media Department

Media Communication

Contact Person: Charles Zwick (czwick@oru.edu or 918-495-6872)

Communication

Contact Person: Agena Farmer (afarmer@oru.edu or 918-495-6882)

Communication Arts Education

Contact Person: Denise Miller (dmiller@oru.edu or 918-495-6375)

Computing and Mathematics Department

Computer Information Technology

Contact Person: J. Bryon Osborne (josborne@oru.edu)

Mathematics, Mathematics Education

Contact Person: LeighAnne Locke (llocke@oru.edu)

College of Education

All degree programs

Contact Person: Gerald Landers (glanders@oru.edu or 918-495-7001)

Engineering and Physics Department

Engineering and Engineering Physics

Contact Person: Xiaomin Ma (xma@oru.edu or 918-495-6934)

English and Modern Languages Department

All English and writing majors

Contact Person: Linda Gray (lgray@oru.edu or 918-495-6761)

All foreign language majors

Contact Person: David Farnsworth (dfarnsworth @oru. edu or 918-495-6768)

Health, Leisure, and Sport Sciences Department

All majors

Contact Person: Scarlet Jost (sjost@oru.edu or 918-495-6821)

History, Humanities, and Government Department

All majors

Contact Person: Curtis Ellis (wellis@oru.edu or 918-495-7308)

Music Department

All majors

Contact Person: Tim Waters (twaters@oru.edu or 918-495-7619)

Theatre, Drama and Visual Arts Department

Drama, Drama-Television-Film Performance

Contact Person: Laura Holland (lholland@oru.edu or 918-495-6870)

Graphic Design

Contact Person: Jason Howell (jhowell@oru.edu or 918-495-6612)

Studio Art

Contact Person: Nathan Opp (nopp@oru.edu or 918-495-6212)

College of Nursing

Nursing

Contact Person: Laurie E. Doerner (ldoerner@oru.edu or 918-495-6146)

College of Theology and Ministry

All undergraduate majors

Contact Person: Samuel Thorpe (sthorpe@oru.edu or 918-495-6098)

All graduate majors

Contact: The Graduate School of Theology and Ministry (918-495-6096)

Online and Lifelong Learning Programs

All majors

Contact Person: Jana Swartwood (jswartwood@oru. edu or 918-495-6784)

 

 

Student Accounts

Settlement of Accounts

All accounts are due and payable at the beginning of each semester. Payment may be made by cash, check, credit card, or money order. In addition, the university offers a tuition installment plan. Payments made are to be in accordance with predetermined payment schedules. Detailed information regarding the plan may be obtained in the Student Accounts Office. Payments made late or not in accordance with the schedule subject students to disciplinary actions.

The university reserves the right to suspend and dismiss students for nonpayment of amounts due.

Students’ identification numbers should be included with all payments.

Prior Balances must be paid to be eligible to complete the registration process each semester. Candidates for graduation must have their accounts paid in full two weeks before commencement to participate in graduation exercises. Transcripts and diplomas are not issued by the university until the student’s account is paid in full.

Advance Payments should be mailed at least four weeks prior to the first day of classes or paid in person at the Student Accounts Office. Definite financial arrangements must be made before the beginning of each semester in order to attend classes.

Refunds are made only after all amounts owed by the student to the university are fully paid. Direct Deposit or e-refunds are issued twice a week on Tuesdays and Thursdays and students will receive an automated e-mail to their ORU account notifying them that a refund has been processed. Refunds made via check are issued once a week on Thursdays and the student will receive an email once their check has arrived and been processed for release to the student. In the event that a student has been awarded a Parent Plus loan, the Student Accounts Office will mail any refund due to the parent borrower unless there is a Plus authorization on file, which would allow the student to receive the refund. Any credit card payments made on the account during the academic year will be refunded back to the card prior to the processing of a refund.

Tuition Refunds

If a student drops or withdraws from any class or withdraws from the university and initiates the process online, except for graduate theology students who process their withdrawals in their dean’s office, refund of tuition during a fall or spring semester is made according to the following schedule:

90% first and second weeks

50% third and fourth weeks

25% fifth through eighth weeks

no refund after the eighth week

Fees are not refundable after the 100% tuition refund deadline. Refunds for university housing and board charges are determined at the same percentage rates as tuition.

The tuition refund is calculated from the approval date for dropping or withdrawing from courses by the registrar. Non-attendance of classes does not constitute an official withdrawal or course drop. These payment percentages are also applicable to students who are more than full-time and drop to full-time status, as well as those who are full-time and drop to part-time status. Withdrawal or dropping to less than full-time enrollment may affect a student’s financial aid, resulting in the loss of loans, grant funds, and/or institutional aid.

Full-Time Enrollment Status for Students with Disabilities

Students needing accommodations based on disabilities and are thus unable to enroll in the required number of semester hours to meet ORU’s definition of full-time status may request full-time status. Such an accommodation may affect a student’s financial aid, so students need to check with their financial aid counselor for more information. If full-time status is granted, tuition is calculated on a per credit hour basis. The required procedure is as follows:

The student must have self-identified as having a disability and thus unable to enroll in the minimum number of semester hours to meet the ORU definition of full-time status.

The student must submit appropriate documentation of the disability to the Director of Student Resources along with a request for a reduced course load prior to the beginning of the semester.

The student must provide the Director of Student Resources documentation of academic history (transcripts from ORU and/or previous institutions).

The Director of Student Resources forms a review committee composed of the director, the student’s academic dean or designated represented, and any other appropriate designee.

The review committee makes a decision regarding the student’s request. If approved, the committee also determines the duration of the full-time status accommodation. All requirements of full-time students apply for students receiving accommodation for full-time status, including but not limited to residential policy, chapel attendance, and HPER requirements.

At the end of the approved duration of the full-time status accommodation, the student must re-apply if he or she believes additional time is needed. The review committee then reassesses the academic progress of the student to determine whether the accommodation is to be renewed.

Consistent with the Reasonable Accommodation Policy of ORU, the student may appeal the review committee’s decision by contacting the Director of Student Resources.

Area Banking

Several banks are located near the university, and students are encouraged to establish personal checking accounts in Tulsa to handle financial needs. The Student Accounts Office may not be used as a banking service. Excess funds for spending money are not to be deposited in students’ accounts at ORU.

Veterans’ Certificate of Eligibility

Oral Roberts University is fully recognized by the Veterans’ Administration. Veterans or their dependents desiring to take advantage of educational benefits must initiate procedures with the Veterans’ Administration, which issues the university a Certificate of Eligibility. Official notification of acceptance by the university is needed before a student can begin procedures for receiving these benefits. Veterans or their depedents desiring benefits should contact the Registrar’s Office prior to the beginning of the semester or no later than during the first week of classes.

Financial Aid Programs

The Financial Aid Office at ORU is dedicated to providing the necessary financial assistance to all students as they strive to meet their educational goals. The following information outlines the various types of financial assistance, how and when to apply for financial aid, and policies that govern financial aid programs.

For additional information regarding financial aid, students should visit http://www.oru.edu/finaid or contact the Financial Aid Office via phone at (918) 495-6510. Requested documents may be mailed to ORU Financial Aid, 7777 S. Lewis Ave., Tulsa, OK 74171.

Types of Aid

ORU Scholarships and Grants

The Admissions Scholarship Committee initially grants ORU merit-based scholarships. A preliminary scholarship calculator is available at http://www. oru.edu/finaid. To be considered, students must be admitted to the university and submit appropriate scores to the ORU Admissions Office.

ORU has a variety of departmental and program awards based on leadership, service, and talent such as music, art, student publications, resident advisor (RA), chaplain, and academic mentor positions. Students interested in these awards need to contact the individual departments for more information.

Students in online and lifelong learning programs are not eligible for ORU scholarships and grants. They may, however, apply for federal financial aid. Students must be enrolled in 12 residential hours in order to be eligible for any institutional aid.

Federal Financial Aid

Federal financial aid consists of grants, work study, and loans. To apply for federal financial aid, students complete the Free Application for Federal Student Aid (FAFSA) form online at http://www.fafsa.gov. The online FAFSA is available as early as October 1 for the following fall semester, and priority awarding is given to those who have completed their files prior to March 1.

Each student who has applied for financial aid receives an award notification when an award package has been completed. The student is then directed to log on to Vision at https://vision.oru.edu to see his or her financial aid package.

Students must submit all required documents listed on Vision in order to register for classes. These documents include promissory notes for accepted loans as well as other documents related to federal financial aid programs. All students are encouraged to complete their financial aid file by July 15th to ensure a smooth registration and disbursement process.

Other Funding

There are various types of private funding sources for grants and loans. Information is available from various publications in libraries and bookstores, as well as on ORU's Financial Aid Internet Web page at http://www.oru.edu/finaid.

State grants are available for those who qualify. Students interested in obtaining a state grant need to complete the FAFSA prior to their state deadline and contact their state departments of education for additional information.

Undergraduate Financial Aid

Premier Merit Scholarships

Quest Whole Person Scholarships are awarded to nominated students who have participated in the ORU Scholarship Day competition. Amounts of awards vary and are renewed annually contingent upon an individual Whole Person Assessment, G.P.A. and University standing.

Honors Program Scholarships are awarded to qualified applicants up to $20,000 each academic year. Applications must be received by January 15th for consideration, and renewal is based upon a maintained cumulative GPA of 3.50

Merit Awards

Merit Awards are available to first-time freshmen, transfer students, and readmitted students and are automatically awarded upon acceptance to the University to those who qualify. Award amounts range from $5,000 to $13,000 as set by admissions critera. Renewal varies by level and requires good standing with the University.

Other Scholarships

Departmental Awards (such as Student Association, English, or Student Leadership) are given on the basis of demonstrated talent and/or service rendered in the area being considered. Specific departments must be contacted for applications or auditions as they determine the size of the award.

Endowed Scholarship Funds have been donated by friends and partners of the university for ORU students in financial need who meet certain profile criteria. Information and applications for these funds are available at http://www.oru.edu/finaid.

Grants

Legacy Grants are awarded to undergraduates whose parents graduated from ORU with a bachelor's or master's degree. Determination of eligibility is made upon admission and renewal is based upon student's cumulative GPA of 2.50.

Athletics Grants are awarded on the basis of proven athletic ability and range up to full tuition, fees, room, board, and books.

Federal Pell Grants are awarded on the basis of the FAFSA results to undergraduate students with demonstrated financial need who are working toward their first bachelor's degree. Awards range up to $5,920 per year for full time students; part-time students receive proportional amounts to their charges as determined by the federal government.

Federal Supplemental Educational Opportunity Grants (SEOG) are awarded based on results of the FAFSA and are reserved for undergraduate students with exceptional financial need. The award ranges up to $1,000 per academic year.

Oklahoma Tuition Aid Grant (OTAG) is awarded by the Oklahoma State Regents for Higher Education based on FAFSA results to both full-time and half-time undergraduate students who have been legal residents of Oklahoma at least two years prior to enrolling at ORU and who file their FAFSA prior to December 1. Funds are disbursed at the midpoint of each semester.

Oklahoma Tuition Equalization Grant (OTEG) is awarded by the Oklahoma State Regents for Higher Education based on FAFSA results to full-time undergraduate students who have been legal residents of Oklahoma at least two years prior to enrolling at ORU. Funds are disbursed at the midpoint of each semester.

Oklahoma's Promise (OHLAP) is awarded by the Oklahoma State Regents for Higher Education based on participation in the program throughout high school. Upon graduation, qualifying students receive a set dollar amount from the state per enrolled credit hour at Oral Roberts University (adjusted annually). Oklahoma's Promise students are required to maintain a cumulative GPA of 1.70 for their freshman year and 2.0 for subsequent years. Funds are disbursed at the midpoint of each semester.

ORU Need Grants are awarded on the basis of the FAFSA need analysis results to students demonstrating exceptional financial need after all other financial assistance has been awarded. Need grants require on-campus residence. Amounts may be reduced if other sources of institutional aid are obtained and are not guaranteed for renewal.

Vermont State Grants are awarded by the state of Vermont to qualified students who have completed a FAFSA. Awards are given on a first-come, first-awarded basis and vary in amount.

Loans

Federal Perkins Loans are awarded on the basis of the FAFSA results to full-time students. Interest is deferred while the student is in school but begins to accrue at a fixed 5% rate nine months after the borrower ceases to be enrolled at least half-time at an eligible institution.

Federal Stafford Loans are awarded to students on the basis of FASFA results and exist in subsidized and unsubsidized forms. Direct Subsidized Stafford Loans have a 4.5% fixed interest rate deferred as long as the borrower is enrolled at least half-time, while Direct Unsubsidized Stafford Loans accrue interest quarterly at a fixed rate of 6.8% during attendance. Repayment for both types begins six months after the borrower ceases to be enrolled at least half-time at an eligible institution. Dependent undergraduate students may not borrow in excess of $31,000 combined subsidized and unsubsidized while independent undergraduate students (or those who are denied the PLUS loan on credit) are limited to $57,5000 combined total. Regardless of combination, the subsidized portion of the loan may not exceed $23,000.

Federal Direct Parent Loans for Undergraduate Students (Direct PLUS) may be secured by parents of dependent students for amounts up to the cost of education minus other aid awarded. Disbursement of the Direct PLUS loan is contingent upon the parent’s approved credit. Interest is charged on the loan from the date of the first disbursement at a fixed rate of 7.9% until the loan is paid in full. Repayment begins within 60 days of the final disbursement unless other arrangements (including in-school deferment or forbearance) have been made with the Direct Loan government program.

Employment

Federal Work Study is awarded on the basis of the FAFSA results. The actual amount received by the student is determined by the number of hours worked, not to exceed $2,500 per academic year. Federal work study opportunities both on and off campus are listed online at http://www.orugoldenhire.com.

Institutional Work Study is awarded as a non-need-based program independent of FAFSA results. The actual amount received by the student is determined by the number of hours worked, not to exceed $2,500 per academic year. Institutional work study opportunities on campus are listed online at http://www.orugoldenhire.com.

International Work Study is awarded to international students. The actual amount received by the student is determined by the number of hours worked, not to exceed $3,270 per academic year. International work study opportunities on campus are listed online at http://www.orugoldenhire.com.

Graduate Financial Aid

Assistantships and Scholarships

College of Business awards various assistantships and scholarhips. Please contact the college for more informmation. All awards are contingent on the availability of funds.

College of Education awards are available to incoming graduate students as funds are available.

College of Theology and Ministry awards multiple funds based on entering GPAs, cumulative GPAs, and alumni status. The academic scholarship minimum GPA requirement is 3.50 with awards ranging from $700 to $1,700 per academic year. Students are strongly encouraged to file the FAFSA to qualify for the maximum amount of available funding.

Loans

Direct Federal Stafford Loans are awarded to students on the basis of FASFA results and exist in subsidized and unsubsidized forms. Direct Subsidized Stafford Loans have a 4.45% interest deferred as long as the borrower is enrolled at least half-time, while Direct Unsubsidized Stafford Loans accrue interest quarterly at a fixed rate of 4.45% during attendance. Repayment for both types begins six months after a borrower ceases to be enrolled at least half-time at an eligible institution.

Federal Direct PLUS Loans for Graduate Students (Direct GPLUS) are federally sponsored loans for graduate students. Students may borrow up to the full cost of their education less other aid received, including Federal Direct Stafford Loans. The Direct Graduate GPLUS Loan is a credit-based loan with an interest rate fixed at 7.9%. The loan goes into repayment 60 days after it is fully disbursed and has a repayment period of up to 10 years. Students can defer repayment of principal and interest while enrolled at least half-time in an eligible program. A FAFSA is required to apply for a Direct Graduate PLUS.

Financial Aid Policies

Satisfactory Academic Progress

ORU students must maintain satisfactory academic progress (SAP) to receive financial aid. Undergraduates must meet or exceed the requirements that follow. Students who do not meet the minimum GPA/hour requirements after the scheduled academic year (fall/spring) are not eligible to receive further financial assistance until they have met the requirements. The Registrar's decision concerning enrollment at ORU is separate from the decision of eligibility for financial aid.

The minimum SAP requirements at the end of each academic year (fall/spring) are as follows:

Attempted hours GPA

1-26 1.50

27-59 1.75

60+ 2.00

In addition to these GPA/hour requirements students must complete at least 75% of their hours attempted each academic year and cannot exceed 192 total attempted hours. Transfer students are positioned relative to the number of college credits accepted by ORU. Credit is not awarded for noncredit or audited courses, or for grades of F, I, or W.

Graduate students must meet all requirements for retention in their respective graduate programs (including GPA) as listed in the college sections of this catalog.

Students not meeting the above requirements can take summer courses to remove deficiencies. Freshmen and sophomores are given an automatic year of probation when not making satisfactory academic progress, but must be making progress by the conclusion of the sophomore year in order to receive additional aid. Juniors and seniors may appeal a denial of aid with proper documentation when extenuating circumstances exist.

ORU Maximum Aid

The maximum amount of ORU scholarship and grants (institutional aid) a student can receive in each academic year (with the exception of athletic grants and ORU National Merit Scholarships) is limited to tuition costs. ORU awards that exceed this total are reduced to be in compliance with this policy and cannot be used in future semesters. ORU scholarships for undergraduate students are limited to four years (eight consecutive semesters).

Full-Time Requirement

All ORU grants and scholarships require full-time enrollment each semester. Undergraduate students in residential classes are considered full-time when enrolled in 12 hours or more per semester. Students taking all online courses are never considered as more than half-time students for financial aid purposes, even if they are taking more than 12 hours. Graduate students are considered full time with nine hours of enrollment.

A student who has been awarded financial aid as a full-time student but who is not enrolled as a full-time student by the drop/add deadline will be reclassified as a part-time student for the purposes of receiving financial aid. Institutional aid and loans will be adjusted.

Financial Aid Disbursement

Financial aid awards are credited to students' accounts after the drop/add period. Students will receive a refund of excess federal and outside financial aid from the Student Accounts Office if the funds received exceed institutional charges and all financial aid files are complete. First-time students may be subject to a 30-day federal delay in the disbursement of loan funds to ORU.

Students should arrive at ORU with funds to cover a minimum of three month's living expenses and be able to pay institutional charges at ORU.

Withdrawal

Federal law requires that when a student withdraws during a payment period or period of enrollment, the amount of financial aid “earned” up to that point be determined. If the student received less financial aid than the amount earned, the student will be able to receive those additional funds; if the student has received more financial aid than the earned amount, the excess funds will be returned to their sources and the student may owe ORU for institutional charges.

The amount of assistance earned is determined on a pro-rated basis. For example, if 30% of the payment period or period of enrollment has been completed, the student has earned 30% of the originally scheduled financial assistance. Once the student has completed more than 60% of the payment period or period of enrollment, all assistance is earned.

Disclosure of Information

ORU’s policy on the disclosure of financial information is governed by the Family Education al Rights and Privacy Act (FERPA) and can be found in the next section of this catalog.