Types of Financial Aid
Did you know OCtech offers a tuition payment plan?
OCtech administers various types of financial aid to students who demonstrate financial need or merit. The types of financial aid available include scholarships, grants, lottery, loans, WorkStudy programs and veteran benefits. Typically, a student must be enrolled for at least 6 credit hours or more to be eligible for most financial aid, although limited funds may be available for students who enroll in less than 6 credit hours. Any student who needs financial assistance must submit a Free Application for Federal Student Aid (FAFSA) to determine eligibility. Application forms should be submitted online at www.fafsa.ed.gov.
Financial aid awards are made without regard to race, color, sex, handicap or national/ethnic origin. Awards are disbursed each semester, and are determined on the last day of add/drop and based on class attendance. If a student does not attend all of their classes, the award will be recalculated and based on verified enrollment status. Students in default on a student loan or repayment of a grant may not be awarded financial aid, except under certain circumstances.
Scholarships are awarded yearly through the OCtech Foundation. Application deadlines are in July of each year. Any outside scholarships that come into the OCtech Financial Aid Office will be posted on D2L under the "Announcements" section. The SC Life Scholarship is available to all students who meet the eligibility requirements.
Students with financial need may be awarded grants based on individual grant eligibility. The federal government and the state of South Carolina offer grants that do not have to be repaid. Grant aid can be used for educational expenses including tuition and fees, books and supplies, and cost of living while enrolled at OCtech.
Lottery Tuition Assistance is available for eligible full-time students (12 or more credit hours) and eligible part-time students.
Student loans, unlike grants and WorkStudy, are borrowed money that must be repaid with interest, just like car loans and home mortgages. Loans are legal obligations, so before you take out a student loan, think about the amount you'll have to repay over the years.
OCtech is approved for all college-related veterans' educational programs. Any veteran, dependent of a deceased or totally disabled veteran, veteran on active duty, or active reservist or national guardsman may be eligible to receive veterans' educational benefits. Please contact the Veteran Affairs Office at 803.535.1224 for more information.
South Carolina residents who are 60 years of age or older may enroll in courses free of charge on a space-available basis during the published add/drop period of each term. Senior citizens must follow standard admissions procedures and meet all course prerequisite requirements.