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Events
  • LA/LA: Place and Practice is a two-day symposium organized by Scripps College, the Getty Foundation, the Getty Research Institute, and The San Diego Museum of Art in conjunction with Pacific Standard Time: LA/LA an initiative led by the Getty. Supported by a grant from the Getty Foundation, this two-day event will be held at The San Diego Museum of Art on Saturday, May 2, 2015 and at the Getty Center on Monday, May 4, 2015. RSVP here.

  • 33rd Annual Scholarship Benefit and Fashion Show

    Saturday, May 2, 2015
    6:30pm
    The Beverly Hilton
    Cocktails, Dinner, and Runway Fashion Show

  • LA/LA: Place and Practice is a two-day symposium organized by Scripps College, the Getty Foundation, the Getty Research Institute, and The San Diego Museum of Art in conjunction with Pacific Standard Time: LA/LA an initiative led by the Getty. Supported by a grant from the Getty Foundation, this two-day event will be held at The San Diego Museum of Art on Saturday, May 2, 2015 and at the Getty Center on Monday, May 4, 2015. RSVP here.

  • On the Roof

    May 05| Exhibition
    More

    Graduate Fine Arts Final Exhibition featuring work by

    Soo Yun Jun 
    Delia Perez Salinas Tijerina 
    Yasmin Than
    Sean Cully
    Rachel Indergaard 
    Kristy Baltezore 
    Angie Kim 

  • View work by the next generation of creative professionals in

    Architecture/Landscape/Interiors
    Communication Arts: Advertising Design, Graphic Design, Illustration
    Digital Media: Animation, Game & Entertainment Design, Motion Design
    Fashion Design: Costume Design
    Fine Arts: Painting, Photography, Sculpture/New Genres
    Product Design
    Toy Design

    Graduate Fine Arts

  • View work by the next generation of creative professionals in

    Architecture/Landscape/Interiors
    Communication Arts: Advertising Design, Graphic Design, Illustration
    Digital Media: Animation, Game & Entertainment Design, Motion Design
    Fashion Design: Costume Design
    Fine Arts: Painting, Photography, Sculpture/New Genres
    Product Design
    Toy Design

    Graduate Fine Arts

  • CLASS OF 2015 COMMENCEMENT!

    The 2015 Otis Commencement Exercises is scheduled for Sunday, May 10,  2015. The ceremony will be be held at 3:00pm locally at Westchester Park, due to limited space available on campus as a result of the Campus expansion project. More details on Commencment will be emailed to students during the Spring 2015 semester. Please save the date for commencment.

    For questions or comment related to ALL commencement related matters, please contact Mike Luna, Director of Student Activities at (310) 846-2595.

O-Tube

Student Loans

A loan is a financial aid award that must be repaid with interest. Federal Loans are a form of need-based aid, meaning they are offered based on financial need as determined by the Free Application for Federal Student Aid (FAFSA).

Direct Loans // Parent Loans // Private Loans


Direct Stafford Loan

Eligibility:
1.    Minimum half-time enrollment

Deadline:
For the upcoming academic year it is recommended for all items requested by the Financial Aid Office to be submitted by June 15 in order to be processed in time for the beginning of the school year. All loan requests must be received no later than the last day of the semester in which the funds are being requested in order to be processed.

Application:
1.    FAFSA (with OTIS listed)
2.    Direct Stafford Loan Master Promissory Note & Entrance Counseling (online)

Amount:

Grade Level     Base Stafford Amount Dependent Undergrad Unsubsidized Independent Undergrad Unsubsidized Graduate Students
Freshman (0-29 units)   $3,500 $2,000 $6,000 $20,500 Unsub
Sophomore (30-62 units)   $4,500 $2,000 $6,000

$20,500 Unsub

Junior
(63-95 units)
  $5,500 $2,000 $7,000  
Senior
(96-130 units)
  $5,500 $2,000 $7,000  

Renewable:
Yes, with a yearly completion of the FAFSA. Once you sign your Direct Loan Master Promissory Note (MPN) and receive your loan funds, your MPN will be valid for ten years.

Funding:
A loan funded by the U.S. Department of Education that must be repaid with interest. Amount determined by the Free Application for Federal Student Aid (FAFSA) and your grade level.

Interest:
1.    4.66 % for Undergraduate Direct loans with a first disbursement between July 1, 2014 to June 30, 2015.
2.    Subsidized loans have no interest while in school or during the 6 month grace period.
3.    Interest on unsubsidized loans begins to accrue as of the date funds are disbursed.
4.    Origination fee: For loans with a first disbursement after July 1, 2014 - 1.073% of loan amount.

Once students complete the FAFSA and submit all other requested paperwork, the Financial Aid Office will determine whether student is eligible to receive subsidized or unsubsidized funding. The Financial Aid Office will contact the student regarding loan eligibility.

Curious about federal loans? Here are some suggested steps for acquiring federal loans.



Direct Parent/Grad PLUS Loan

Eligibility:
Parent Plus: Credit-based, non-need loan for parents of dependent students who are enrolled at least half-time in an eligible degree program. The student and parents must be either U.S. Citizens, or eligible non-citizens with a U.S. address. Student and parents must complete a current year FAFSA (with OTIS listed).

Grad Plus: Credit-based, non-need loan for graduate students. Students must be either a US Citizen or eligible non-citizen with a US address. Students must complete a current year FAFSA (with OTIS listed)

Deadline:
For the upcoming academic year, it is recommended for all items requested by the Financial Aid Office to be submitted by June 15th in order to be processed in time for the beginning of the school year. All loan requests must be received no later than the last day of the semester in which the funds are being requested in order to be processed.

Application:
1.    Complete the application online via the StudentLoans.gov website by clicking on "Request Direct PLUS Loan" (parents must log-in with their FAFSA PIN #)
2.     If approved, complete the Plus Master Promissory Note also found at StudentLoans.gov

Amount:
Up to Cost of Attendance minus other financial aid.
Please note: if a parent is denied a Parent PLUS Loan based on their credit, your student becomes eligible for the Independent student Unsubsidzed Loan amount.
Parents with adverse credit history may still be approved if they are able to document extenuating circumstances or obtain an endorser.

Renewable:
No, students must re-apply each academic year.

Forms:
Loan Change Form - If you would like to increase or decrease your loan amounts.

Interest:
1.    The Parent (or Grad) PLUS Loan has a fixed interest rate of 7.21% for Parent PLUS Loans with a first disbursement between July 1, 2014 and June 30, 2015.
2.    The Parent (or Grad) PLUS Loan origination fee: For loans with a first disbursement between July 1, 2014 and June 30,2015 - 4.292% of loan amount.

Renewable:
No, students must re-apply each academic year.
 

To learn more about the Direct Parent PLUS Loan program please visit the Department of Education website.


Federal Perkins Loan


Eligibility:
Based on financial need and availability of funds.

Deadline:
Priority given to earliest applicants with a completed FAFSA.

Application:
1.    FAFSA (online)
2.    Complete financial aid file with OTIS Financial Aid Office.
3.    Once students complete the FAFSA and submit all other paperwork requested by the Financial Aid Office, the Financial Aid Office and will determine Perkins Loan eligibility. If eligible, the student will be notified by the Financial Aid Office.

Amount:
1.    Up to $2,000 per academic year for new students.

Renewable:
As funds are available.

Funding:
The Federal Perkins Loan is a campus-based federal loan awarded by the Financial Aid Office to undergraduate students.

Interest:
The Federal Perkins Loan is subsidized and has an interest rate of 5%.

Repayment:
Begins nine months after graduating or dropping below half-time status.

Curious about federal loans? Here are some suggested steps for acquiring federal loans.

 


Private Student Loan

Eligibility:
Borrower must be a US Citizen, eligible non-citizen, or an international student with a U.S. Citizen Cosigner (varies per lender). Both eligible non-citizens and international students need to have a current address in the United States.

Deadline:
Private loans are certified throughout the school year. It is recommended that you submit your loan application to your lender no later than a month before the last day of the semester for which you are requesting funds. Please allow 4-6 weeks for processing.

Application:
1.    Choose Your Lender and Complete Your Application (online)*
* note: Students have the right to select the education loan provider of their choice and are not required to use any of the current lenders listed in the OTIS FastChoice Tool.

Amount:
Minimum loan amounts vary per lender. Maximum loan amounts are determined by subtracting all of a student's financial aid from their cost of attendance for the academic year.
Funds are disbursed by the lender on a per semester basis unless othewise noted by the student (either in writing to the Financial Aid Office or via their online loan application).

Renewable:
No, Must re-apply annually.

Interest:
Varies according to lender and applicant credit score.

Cosigner:
Criteria for approval varies per lender. However, unless you are steadily employed, earn at least $12,000 a year, and have a stable credit history with a good FICO score (over 700), you will more than likely need a cosigner in order to be approved for a private student loan.

To read our recommended steps to receiving Private Loans, please click here.