If changes are taking place and your family's income is decreasing due to unusual circumstances such as death,divorce or separation, loss of employment etc., contact a Student Financial Services counselor to determine how your financial aid may be affected. It allows the Student Financial Services counselor to visit with each student and verify the accuracy of charges, the status of financial aid and the payment arrangements which the student wants to make. At OBU, our priority deadline is March 1 for federal aid applicants. Students who file for financial aid early have priority for some funds which are limited. If you are late in filing or completing your file, you limit the source of funds to Pell Grants and Stafford Loans.
Some scholarships are renewable if one continues to meet the eligibility criteria.
Federal aid is not automatically renewable, but must be applied for each year. Further, the amount of federal aid may change from year to year due to changes in a family's information and availability of funds. Renewable OBU scholarships are limited to eight semesters of receipt. Federal aid at OBU is limited to 160 hours attempted toward a first bachelor's degree. Some OBU scholarships have a minimum 2.0 OBU cum.