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Financial Aid || Oakwood University

Financial Aid

Financial Aid
7000 Adventist Blvd.
Huntsville, Al 35896

Phone: (256) 726-7210
Fax: (256) 726-7474
finaid@oakwood.edu

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Dear Student and Parents,

The Department of Education will provide more than $83 billion this year, about 60 percent of all student aid, to help millions of students and families pay for postsecondary education.

We know and understand this is a time of high stress as you make choices about attending Oakwood for the first time or as you return for the new academic year and we want to help. We have expanded our website to include a Parent Page (menu on right) as well as helpful videos (center) which are available 24/7. We hope you will use these and our other additional resources.

If you would like to order your tax transcript, you may use the IRS Individuals Get Transcript External linkservice to download a pdf transcript (also under Tools), or go to www.irs.gov External linkand click on, "Order a transcript" You may also call 1-800-908-9946. Please make sure that any correspondence has the student's ID # and name to ensure that your information is processed as soon as possible.

Please be aware that you may also return to the FAFSA website and use the IRS Retrieval Tool to access your tax information instead of requesting the Tax Transcript. Using this method will speed the processing of your Financial Aid Award.

Parent PLUS Borrowers: Please note that you should wait to apply for the Parent PLUS loan until July 1 for the approaching Fall semester. This is to prevent your credit check from expiring before the loan is disbursed. ALSO be sure to apply for what you will need for the year and not just the semester.

It is never too early to be thinking about graduation. Students are charged the same tuition for full-time status whether they enroll in 12 or 16 hours per semester. Enroll in 12 credits per semester and it will take 5 (FIVE) years to have enough credits to graduate. Enroll in 15 credits per semester, and have enough credits to graduate in 4 (FOUR) years.

An important part of preparation is discussing finances with your family to clarify who pays for what. Encouraging fiscal responsibility, including weekly budgeting, use of credit and debit cards, and the use of checking accounts will help avoid headaches later on. We help here too and have begun a financial literacy program called SALT External link. Oakwood University students may sign up for SALT free with their Oakwood email.

Respectfully Yours,
The Office of Financial Aid
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