You are here

Financial Aid

Otis College participates in a variety of federal and state aid programs. The Financial Aid Application Guide provides important information regarding available funding options and the application process.  The Student Financial Services staff is accessible to assist Otis College students and families with choosing the most beneficial funding options.  Based on the most recent data, 88% of Otis College students receive institutional financial aid.

  • WHEN TO APPLY

    New students: We recommend you apply for financial aid as early as possible even though financial aid packages will not be offered until you are officially admitted to Otis College of Art and Design.

    Please note: Students may apply for financial aid for the 2019-2020 award year any time up to July 1, 2020 (if attending Summer 2020). The Financial Aid Office may process aid for a given semester no later than two weeks prior to the end of the semester. Keep in mind that the financial aid application process may take a few weeks. 
    Continuing students: The Financial Aid Application priority deadline for Fall 2019 is May 1, 2019.
    Renewal Process: Financial aid is not automatically renewed. New federal application and required documents must be submitted each year.

  • HOW TO APPLY

    A Financial Aid Application includes the following:

    The submitted Free Application for Federal Student Aid (FAFSA). Students need to enter the Otis College code: 001251 in order to receive a financial aid award from the college.

    Once all required documentation is received, the Financial Aid Office will offer you financial aid based on your eligibility. An award letter providing guidance for accepting, reducing, or declining offered awards will be emailed to your Otis email address.  If you are a first-time Otis College  loan borrower, you will be required to complete a Master Promissory Note and an Entrance Counseling  at www.studentloans.gov prior to receiving your first federal loan disbursement.

    When completing your FAFSA online, you are encouraged to use the IRS Data Retrieval Tool.

    After the FAFSA is submitted, Otis College will electronically receive your FAFSA record. Students and applicants will be notified regarding any additional paperwork if required.  All missing documents will be listed on the student’s Dashboard under “Financial Aid Requirements” at my.otis.edu. 

    If your file is selected for verification, you will be required to submit:

     IRS Tax Return Transcript (and your spouse's, if married). To request an IRS Transcript, visit the IRS website, call 1-800-829-1040, or visit a local IRS office in person. 2019-2020 Verification Form
  • ELIGIBILITY

    There are eligibility requirements that apply to federal and state financial aid programs offered at Otis College . 

    In addition to federal and state financial aid programs, students may apply for private student loans. Students must be one of the following:

    1. U.S. citizen or national
    2. U.S. permanent resident
    3. Citizen of certain Pacific Islands (the Freely Associated States)
    4. Other eligible non-citizen
    Students must be enrolled at full time for maximum awards: Undergraduate students must be enrolled in a minimum of six units per term to be eligible for federal student loans. Otis Scholarships require full time enrollment (12 units). Students are required to maintain Satisfactory Academic Progress (SAP) as outlined in the Otis College Catalog - The Hoot throughout the financial aid period. The SAP is evaluated at the end of each semester. If one or all SAP standards are not met, the student will be placed on financial aid warning or may be suspended from receiving financial aid. A student suspended from receiving financial aid funds may appeal in writing by submitting the appeal form listed on the Dashboard. The Otis College  SAP standards, measurements, warning, suspension and appeal information are available for review here.
     
  • FEDERAL STUDENT AID ID (FSA ID)

    Your FSA ID is your username and password that is used to log in to certain U.S. Department of Education (ED) websites including the FAFSA. Your FSA ID is used to sign legally binding documents electronically. Go to https://fsaid.ed.gov/npas/index.htm to register for your FSA ID.

    To follow up on the status of your submitted FAFSA, access http://www.fafsa.ed.gov and click on "check my submitted FAFSA." You can view your processed data, make corrections, and request a duplicate Student Aid Report. Contact the Otis College Financial Aid Office prior to making any corrections.