How to Apply for Financial AidRead More
Financial Aid FAQRead More
FAFSA EligibilityRead More
Other Financial Aid ProgramsRead More
Financial aid is available to all students who are enrolled in the UDT or NDT Programs at the Ocean Corporation and meet the basic eligibility requirements. The term “financial aid” includes grant programs and loan programs. Grant aid is awarded based upon financial need, but student loan programs are available to all eligible students regardless of the student’s financial situation.
The starting point for all financial aid is the Free Application for Federal Student Aid (FAFSA). The FAFSA application is available online at fafsa.ed.gov, and our Financial Aid Office will gladly assist you with the on-line application process. Once the application is submitted, it takes two or three days for the college to receive the electronic reply from the US Department of Education. The information contained in this document allows the Ocean Corporation to calculate the amount of student aid each student will receive.
Upon completion of the application process, your financial aid advisor at the Ocean Corporation will prepare a package of financial aid for you based upon your eligibility and financial need. Your advisor will discuss the timing of aid payments, explain billing and payment procedures, and can advise you about alternative financing sources.
Financial Aid Programs available at The Ocean Corporation include:
Federal Pell Grant
Eligible students who have not received a Bachelor’s degree and are enrolled in UDT or NDT may receive this grant based on financial need. A Federal Pell Grant is a grant that does not need to be repaid. Click here for Information about Federal Pell Grants from the U.S. Department of Education.
Federal SEOG Grant
Pell-eligible students enrolled in UDT or NDT may also receive this additional grant based on financial need. A Federal SEOG is a grant that does not need to be repaid. Click here for Information about Federal SEOG Grants from the U.S. Department of Education.
Federal Direct Student Loan Program – Stafford Student Loans
All eligible students at the Ocean Corporation are able to borrow a traditional “student loan” from the Federal Direct Student Loan Program. These loans are called Stafford Loans, and the interest on these loans may be subsidized and unsubsidized. Click here for Information about Stafford Loans from the U.S. Department of Education.
Federal Direct Student Loan Program – Parent PLUS Loans
The parents of dependent students at the Ocean Corporation are generally able to borrow a parent PLUS loan from the Federal Direct Student Loan Program. Parents can borrow up to the full cost of education (minus any other aid received). Click here for Information about Parent PLUS Loans from the U.S. Department of Education.
Students seeking more detailed information about financial aid, including all of the above programs, should contact the Ocean Corporation Financial Aid Office at 1-800-321-0298.