47.6 - 47.10 Types of Financial Aid

Federal Pell Grant

The Federal Pell Grant is a federally funded grant program, which provides up to $7,395.00 per year to post-secondary students enrolled in a Full Time Adult Program. Free applications for Federal Financial Aid may be obtained from the Financial Aid Office, Building. 100, Room 107.

The Federal Supplemental Education Opportunity Grant (FSEOG) Program provides grants to students who demonstrate financial need to help meet their cost of post-secondary education. Application for FSEOG is the same procedure as applying for Pell Awards. Awards are issued by financial aid office to those students with the lowest SAI figures and are within aid budget limits. Awards depend on student need availability of FSEOG funds at the school, and the amount of other aid the student is receiving. Students will be notified by a letter sent through regular mail of their award. The maximum FSEOG award at Great Plains Technology Center is $200 for those students attending both the Fall and Spring semesters

Student State Incentive Grants are known in Oklahoma as Oklahoma Tuition Aid Grants (OTAG). Application is made using the same application for PELL. The grants pay up to $500.00 for eligible residents of Oklahoma. Eligibility is based upon full time enrollment, status as a resident, and need for the grant that is evident by an analysis of application information. Students are advised of awards by letter from the Oklahoma State Regents of Higher Learning. Payment is made by check, usually once in the Fall and another in the Spring.

Students selected for verification by the Department of Education will be notified on their Student Aid Report or by the Financial Aid Office. Those selected must submit signed copies of financial documents to financial aid office. Students with conflicting information in their file may be selected for verification at the Financial Aid Officer’s discretion. The financial aid office will notify the student if documentation if required.

Refund Definition: Refers to refund of tuition and fees that the school makes to a student or funding source after the student has withdrawn or is dropped from school. The actual amount of the refund is determined according to the school’s policy. However, if the student received financial aid from the Federal Student Aid (FSA) Programs under Title IV (with the exception of College Work Study), a portion of the unearned Title IV aid must be returned. Great Plains Technology Center calculates the return of these “Title IV funds” based on the payment period. Funds are returned to the Title IV, HEA programs in the following order: (Note: Great Plains Technology Center does not participate in direct Loan programs.)

A. Federal Pell Grant
B. Iraq and Afghanistan Service Grant for which a Return is required.
C. Federal Supplemental Opportunity Grants
D. Other FSA programs
E. Other federal, state, private, or institutional sources of aid.
F. The student

Great Plains Technology Center will return their portion of unearned aid within 30 days of the date the financial aid office was made aware of the students’ last date of attendance.