Financial Aid for Tuition and Fees
When you receive a financial aid award offer from OCC, the amount is for the whole
school year. You get half for fall semester and half for winter semester. Each semester,
we start by applying your financial aid toward your tuition and fees. This happens
automatically. You can figure out how much financial aid remains with simple math.
Let’s say you:
- Receive $5,000 in financial aid ($2,500 per semester)
- Qualify for OCC’s in-district tuition rate of $103 per credit hour because you live
in Oakland County
- Take a full load of 12 credit hours
Financial Aid for Books and Supplies
If you have financial aid remaining after paying your tuition and fees, as in the
example, you receive an electronic book voucher for the OCC Bookstore. It’s an online, real-time account that you can use to buy books and supplies. You
can spend up to $1,200 in financial aid money at the bookstore each semester. Besides
using the money to buy books and supplies, you can buy one laptop computer or other
electronic device each academic year.
Your Financial Aid Refund
In our example, you have $554 in financial aid left after you pay for tuition, fees,
books, and supplies. You get this money to spend on other educational expenses: gas
for your car, rent for your apartment, and so forth.
You receive this money – called a financial aid refund – about three weeks after the
semester begins. To get it fastest, sign up for direct deposit in MyOCC. After you log in, click on Banking Information and enter details for your checking or savings account. Otherwise, we send a paper
check to the address we have for you.