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FINANCIAL AID

Financial Aid News

Year-Round Pell Grant Reinstated - On May 1, 2017, Congress passed a bipartisan budget deal to restore the summer Pell Grant, which was originally repealed in 2011. Pell Grants ensure that low-income students are able to afford and subsequently enroll in college. Year-round access to Pell Grant funds is important to keeping students on track for graduation. The reinstatement of the year-round Pell Grant is a major step forward for many students pursuing a postsecondary degree who have been limited by the current Pell Grant program. Summer Pell Grants will be available starting in the 2017-18 academic year.


State-administered Financia​l Aid Data 

The HECC Office of Student Access and Completion (OSAC) administers student financial aid and access programs in Oregon, awarding more than $118 million in grants and scholarships every year. Historical data on OSAC’s largest financial aid and outreach programs are below. Updated annually.


Financial Aid Resources - Office of Student Access and Completion

It's no surprise that the cost of a postsecondary education, whether it's a vocational, four-year, or graduate program, is steadily increasing and becoming a greater financial burden to Oregon students and families. The Office of Student Access and Completion (OSAC) can help. Through grant programs, scholarships, precollege mentoring, and financial aid outreach programs, OSAC assists Oregonians in their pursuit of a college education and a brighter future.

Established in 1959 by the Oregon Legislature, OSAC continues to provide innovative programs to thousands of Oregon students and families to ensure access to postsecondary education. Each year, OSAC awards grants and scholarships of more than $118 million to thousands of Oregon students in their quest to achieve a college education.

As a national leader in public/private partnerships of scholarship and innovate outreach programs, OSAC administers the following programs: Scholarships, theOregon Opportunity Grant, the Chafee Grant, the Childcare GrantASPIRE (Access to Student assistance Programs In Reach of Everyone) as well as smaller funding programs.

We all benefit when our citizens are educated. It's the solution to a strong Oregon economy. You can support OSAC in creating a strong Oregon college going population by donating to a scholarshipcreating a scholarship, becoming anASPIRE volunteer or volunteering for a scholarship committee. Your efforts will help improve someone's life.

OSAC also works to protect the citizens of Oregon and their postsecondary schools by ensuring the quality of higher education and preserving the integrity of an academic degree. This is done through the Office of Degree Authorization (ODA). In addition ODA protects Oregonians by identifying diploma mills and is the office dedicated to hearing adverse impact cases between postsecondary institutions. On July 1, 2012 ODA will move from OSAC to the newly formed Higher Education Coordinating Commission.

Mission

To expand opportunities for Oregonians to complete their higher education and career training goals through information, mentoring, and financial aid.

Vision

Every Oregonian is able to achieve success through education and career training.

Plan and Pay for College
Start planning your education now no matter what stage or path you are on.

Oregon Opportunity Grant (OOG)
The Oregon Opportunity Grant (OOG) is Oregon's largest state-funded need-based grant program for students planning to go to college. Opportunity Grants are funded primarily by Oregon taxpayers. More than 36,000 students received OOG awards totaling $57.3 million in the 2014-15 academic year. For the 2015-17 biennium, Oregon's Legislative Assembly approved a budget of $140.9 million for Oregon Opportunity Grants, an increase of 23.6% over total funding for 2013-15. OSAC anticipates disbursing nearly $69 million to approximately 40,000 students for the 2015-16 academic year.

Apply for Financial Aid
Complete applications to get access to all scholarships and grants that OSAC has to offer. 

OOG Grant Award Estimator
Calculate your OOG award.

www.GetCollegeFunds.org
Use the estimator link to predict the amount a student may receive from their Pell and Opportunity grants.

Financial Aid Tip Sheets
OAC tip sheets for students, adult learners, families, and other key audiences containing timely information for Oregonians interested in or pursuing postsecondary education or training.


Overview

The Oregon Opportunity Grant was Established in 1971 by Oregon Legislature to assist needy students attending community colleges, OUS institutions, and private independent 4-year institutions in Oregon. Eligibility is based on financial need, determined by family income and household size. The grant is available for the equivalent of up to 12 terms or 8 semesters at full-time enrollment. During the 2007 session, the Shared Responsibility Model was enacted to restructure the need-based Oregon Opportunity Grant to reflect a shared responsibility and partnership among students, their families, the federal government and the state to meet college costs and increase educational attainment statewide. The model involves four steps that will enable all students to cover the cost of college attendance.

The Four Steps of the Shared Responsibility Model

Step 1: Student Share
The defined student contribution spells out the amount every student would contribute to his or her education, based on the decision to attend a community college or four-year public or private college or university in Oregon: $4,750 per year for a community college student; and $7,500 per year for a four-year college/university student (public or independent).

Step 2: Family/Household Share
The family share for both dependent and independent students is determined by an established financial need formula. Families with greater resources are expected to cover the remaining costs, middle-income families are expected to contribute some, and families with very low to no resources are expected to contribute much less, or nothing.

Step 3: Federal Share
The same need formula determines how much aid, if any, the federal government will provide to replace some or all of the family contribution. 

Step 4: State Share
The state assists only when there is any remaining need not covered by the other partners

Financial Aid in Crisis
The Opportunity Grant is Oregon's only statewide financial aid grant program and it has faced decreased funding and massive increases in applicants due to the struggling economy. In the first eleven days of 2010, applications for the Opportunity Grant were up over 60 percent. While the program received $97 million from the Legislature for the 2009-11 biennium, almost two-thirds of the dollars will be spent by the end of this academic year. The overspending in the first year is due to an unprecedented increase in demand that overwhelmed financial aid offices across the state. Deadlines set by the commission to cut off awarding turned out to be insufficient as applications came in earlier and in a volume never seen before. 

Due to a combination of cuts in state General Fund and lottery revenues and an increase in applicant demand, OSAC set early deadlines for the 2010-11 academic year and set the community college application deadline for January 21, 2010, earlier than both OUS and private nonprofit university deadlines. 

Financial Aid