Awards Available at OCC
| FEDERAL PROGRAMS | ||||
|---|---|---|---|---|
| PROGRAM NAME | DEFINITION | NEED BASED? | 2008-09 Academic Year Maximum | Re-Pay |
| Federal Pell Grant (FPELL) | Gift assistance for students with exceptional financial need | Yes | Up to $4731 | No |
| Federal Supplemental Educational Opportunity Grant (FSEOG) | Gift assistance for students who demonstrate exceptional financial need. Priority is given to Pell Grant recipients. | Yes | $800 | No |
| FFEL Stafford Subsidized Loan (Government pays accruing interest while you are in school). Fixed rate 6.0% | Loans made to students who demonstrate financial need. | Yes | Up to $3500 1st year $4500 2nd year |
Yes |
| FFEL Stafford Unsubsidized Loan (Student pays accruing interest while you are in school). Fixed rate 6.8%. | Loans made to students regardless of financial need. | No | Up to $3500 1st year $4500 2nd year |
Yes |
| Plus Loans (For parents of dependent students). Fixed rate 8.5% | A loan available to parents to pay the educational expenses of their child. | No | Cost of Attendance | Yes |
| Federal Work-Study (FWS) | A work program provided to help students meet their college expenses. | Yes | $2000-5500 | No |
| STATE PROGRAMS (Michigan Residents Only) | ||||
| Michigan Education Opportunity Grant (MEOG) | State grant program based on financial need | Yes | $800 | No |
| Michigan Competitive Scholarship (MCS) | A grant offered by the state to students with need and a composite score of 23 or above on the ACT test. | Yes | $100 - 1300 | No |
| Michigan Adult Part-time Grant (MAPTG) | Grant Available to independent students taking 3-11 credits | Yes | $100 - 600 | No |
| Michigan Work-Study (MWS) | A work program which allows student to earn money towards expenses | Yes | $2000-5500 | No |
| Michigan Tuition Incentive Program (TIP) | For students whose families have received Medicaid from the Family Independence Agency (FIA). Must apply before graduation from high school ore before receiving GED | Yes | Full In-District Tuition and Required Fees | No |
| Michigan Merit Award (MM) | A scholarship awarded to students who meet or exceeds state standards on the Michigan Education Assessment Program (MEAP) tests and graduate from high school or pass the General Education Development (GED) test | No | $2500 | No |
| Michigan Education Savings Program (MESP) For more information call 1-877-861-6377 or visit the web site at www.misaves.com |
This program, offered through the Michigan Department of Treasury, provides families a flexible way to save for their children's education, at any qualified institution, by offering a choice of investment options, tax advantages, and low start-up costs | No | Max varies | No |
| INSTITUTIONAL PROGRAMS (In-District Residents Only) | ||||
| Trustee Award (TA) | Grant funds provided by the OCC Board of Trustees to in-district students without an associate's degree | Yes | $800-1000 | No |
