Financial Aid
Financing your education
Financing your education is the most important investment you make in the preparation of your career.
The five forms of financing your education are:
Student Self-Help (Personal resources)
Parental Assistance (Parental resources)
Financial Aid Programs
Davis College Plan (Interest-free payment plans)
Employee Reimbursement (Check with the Human Resource Department of your employer)
Financial Aid
Davis College is accredited and approved by the Department of Education to participate in federal and state financial aid programs.
To begin the process for applying for Financial Aid, a student will meet with the Davis College financial aid office and fill out and submit a Free Application for Federal Student Aid (FAFSA). The student has the option of completing a paper application or to expedite the process they may visit the Department of Education’s FAFSA website at www.fafsa.ed.gov and fill out the application. To apply online you will need to request a PIN number beforehand at www.pin.ed.gov.
Please be sure to include the Davis College Federal School Code which is 004855 under the schools you wish to receive your financial aid information.
The following financial aid programs are available to eligible students at
Davis College:
Federal Pell Grant
Ohio Instructional Grant [OIG]
Ohio College Opportunity Grant (OCOG)
Federal Supplemental Educational Opportunity Grant [FSOEG]
Workforce Development Grant
Federal Family Education Loan Programs [FFELP]
Subsidized Stafford Loans
Unsubsidized Stafford Loans
Parent Loans For Undergraduate Students [PLUS]
Federal Perkins Loan
Federal Work-Study Program [FWS]
Veterans Administration Benefits
Davis Plan
Davis College Foundation Merit Scholarship
Other Programs
Federal Pell Grant
The Pell Grant is sponsored by the federal government, and applications are available from the high school or from the Financial Aid Office at Davis. Application is made directly to the Pell Grant Program. It is available to full-time, three-quarter-time, and half-time students. The amount of the Pell Grant varies depending on financial need and is not repayable by the recipient except under certain conditions of a withdrawal.
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Ohio Instructional Grant (OIG)
The OIG program is sponsored by the State of Ohio for Ohio residents. Students apply for OIG benefits by completing the Free Application for Federal Student Aid (FAFSA). This grant is available only to students at Davis who are enrolled in a full-time, associate degree program. The maximum amount of OIG varies depending upon financial need and is not repayable by the recipient. For more information visit http://www.regents.state.oh.us/sgs/oig.htm. The OIG has an October 1 deadline.
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Ohio College Opportunity Grant (OCOG)
The OCOG grant is sponsored by the State of Ohio for Ohio residents. This grant is limited only to students who have no previous attendance at a college or university. It is available to full-time, three-quarter, half-time and below half-time students. The amount of the grant is based on financial need and is not repayable by the recipient except under certain conditions of withdrawal.
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Federal Supplemental Educational Opportunity Grant (FSOEG)
This is a grant administered by the College and provides assistance to students with exceptional financial need. The grant varies in amount but is not to exceed 50% of the total amount of the student aid made available through the College.
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Workforce Development Grant
The Student Workforce Development Grant Program provides tuition assistance to Ohio students enrolled for full-time study. Students must be pursuing an associate degree and must not have been enrolled full-time in a private career school prior to July 1, 2000. Eligibility is not based on financial need. For more information visit http://www.regents.state.oh.us/sgs/studentworkforce.htm.
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Federal Family Education Loan Programs (FFELP)
All Federal Financial Aid is subject to change by Congressional decisions.
Student aid is conditional providing the recipient is eligible and maintains satisfactory academic progress including grade point average, completion of courses attempted, and attendance in courses. A student is required to attend a minimum of six credit hours each quarter to be eligible for the financial aid loan programs.
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Subsidized Stafford Loans
These loans are made primarily by banks and savings and loan associations. While the student is in college, the federal government pays the full interest; after separation from college, the student assumes repayment and the full annual interest on the loan. Under this program a dependent student may be able to borrow $2,625 each academic year; independent students may also be able to borrow up to $2,625. The second-year Stafford Loan may be up to $3,500. Students or parents of students need to complete a needs test form. Stafford Loans have a variable interest rate not to exceed 8.25%. When the family income is over $30,000, the amount of the loan may be reduced. Repayment on this loan begins six (6) months after graduation, withdrawal from school, or if a student attends less than six credit hours.
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Unsubsidized Stafford Loans
Independent students are eligible for a maximum amount per academic year of $4,000. Unsubsidized loans have a variable interest rate not to exceed 8.25%. Repayment begins six (6) months after graduation or withdrawal from school or if a student attends less than six credit hours. This loan can be in addition to the Subsidized Stafford Loan.
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Parent Loans For Undergraduate Students (PLUS)
Parents of students may borrow up to the cost of education minus any other financial aid per year for each student who is a dependent undergraduate attending at least six credit hours. The interest rate for this loan is variable with a cap at 9%. The borrower needs to begin repaying a PLUS loan within 60 days of the final check disbursed to the school for a loan period.
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Federal Perkins Loan
Based on need and a minimum of attending six credit hours per quarter, this federal program provides loans with no repayment while the student is in college. Payment on this loan begins six (6) months after graduating or withdrawing from school at an interest rate of 5%.
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Federal Work-Study Program (FWS)
The College is authorized to provide on- and/or off-campus employment to assist students whose applications for financial aid show need. Students work a maximum of 20 hours a week with the possibility for full-time employment during vacation. Employment under this program is dependent on federal funds and requires minimum attendance of six credit hours per quarter. Priority is given to the student with the greatest demonstrated need.
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Veterans Administration Benefits
Veterans, widows, wives of disabled veterans, and war orphans may be eligible for education benefits. The necessary Veterans Administration (VA) forms can be obtained and completed at the College. The VA student enrolling should submit the following:
Veterans: Form 22-1990 or 22-1995 and certified copy of separation papers
(Form DD-214).
Widows and wives of 100 percent disabled veterans: Form 22-5490W.
War orphans: Form 22-5490.
These forms may be obtained from your VA office or the College. The College will be happy to assist in completing the forms. Benefits will usually be received approximately 60 days after the academic quarter begins if the student has obtained a certificate of eligibility when he/she enters. For further information, contact the school's Veterans Benefit Coordinator.
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Davis Plan
Davis College offers cash payment options with no interest to help students finance their education. Please visit the Business Office for more details.
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Davis College Foundation Merit Scholarship
The Davis College Foundation Scholarship is awarded to outstanding students who are committed to their career fields and communities. Davis College students who are enrolled at the College pursuing an associate degree or a diploma in a program of study listed in the current catalog are eligible. The scholarship funds can be used for tuition and books at Davis College. First quarter students are not eligible.
Students qualify by demonstrating a grade point average of 3.0 or better; excellent attendance record; participation in a community activity; involvement in a career field being studied; and recommendations from at least two faculty or staff members regarding outstanding character and competence.
Click here to apply for the Davis College Merit Scholarship
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Other Programs
The following specialized programs are also available: Ohio National Guard Scholarship program; UAW; and UPS Earn and Learn Program. Bureau of Vocational Rehabilitation; Bureau of Indian Affairs, 3701 N. Fairfax Drive, Suite 260, Arlington, VA 22203; and Department of Job and Family Services; Lucas County Workforce Development Agency; Ohio Civil Service Employees Association (OCSEA). Funding through these agencies is limited. Apply to the agency as early as you can. Also local service clubs, churches, and community groups may offer some assistance.
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Financial Aid Contacts
Carole Lulfs
Financial Aid Director
clulfs@daviscollege.edu
