Financial Aid

Start Your Financial Aid Process

As an accredited institution, student financial aid is available to OTC students who qualify. There are various federal student aid programs, including:

• Grants – including the Pell Grant (PELL) and the Supplementary Educational Opportunity Grant program (SEOG)
• Student Loans – Direct subsidized and unsubsidized loan programs.
• Parent Loans – Direct Parent Loan for Undergraduate Students (PLUS) program among others.
• Scholarships – OTC students may qualify to participate in numerous scholarship programs.

Financial Aid Application Process

Step 1: Applying for Aid – In order to determine whether you qualify to receive student financial aid, start by completing the Free Application for Federal Student Aid (FAFSA). You may use the FAFSA website to complete and submit your financial aid application electronically. We will verify the details on your FAFSA and let you know if any additional information is needed from you to complete the processing. Start the FINANCIAL AID APPLICATION Process now!

Step 2: Your Award Package – After your FAFSA is submitted and your information is verified, you will receive a personalized Award Package from the Ohio Technical College’s Financial Aid office detailing the amount of aid you are eligible to receive and a detailed payment schedule with multiple options to cover any remaining tuition balance, if applicable.. All of the documents required to accept your financial aid are included in your personal Award Package

Step 3: Addressing a Tuition Balance Not Covered by Financial Aid

• Payment Plans: Ohio Technical College offers both quarterly and monthly payment plans
• PLUS Loan – Parent may apply for a Direct PLUS loan to cover tuition and living expenses.
• Alternative Loan -Parents may apply for a personal loan from a bank or other third party by contacting the lender directly.
  

Grants

Grants are monies awarded to students who demonstrate financial need. This money is applied to the student’s educational expenses and does not need to be repaid. At the time of this catalog’s publication, Ohio Technical College participates in the grant programs listed below. But because grant programs are added and discontinued from time to time, be sure to check with your Financial Aid representative about available grants.

• The Federal PELL Grant
• The Federal Supplemental Educational Opportunity Grant
• Julius A. Brenner Founder’s Grant

Scholarships

Scholarships can be applied to the cost of your program while attending Ohio Tech. OTC Scholarships are available annually at the following eligible competitions: Automobile Dealer Associations, Future Farmers of America (FFA), Skills USA, Hot Rodders Scholarship Additional Ohio Tech Scholarships are available from many sources, including: High School Instructor Seminar Scholarships, President’s Open House Scholarship, Instructor Alumnus Scholarship, Family Alumnus Grant Online sources include: Fastweb.com

Millions of dollars of scholarships are awarded annually by independent clubs, organizations, companies and non-profit organizations. To help get your scholarship search started, visit www.ohiotech.edu/scholarships for links to some scholarship search sites and specific scholarship opportunities. Ohio Tech reserves the right to revoke, suspend or limit scholarships based upon a student’s attendance, compliance with school policies, academic progress, and other factors that are evaluated by the College. All scholarship recipients must adhere to the terms set forth by the Financial Aid Department and must comply with these terms to maintain their scholarship. The following terms apply to all Ohio Tech scholarships:

•  Scholarships are applied towards programs of 1200 clock hours or greater.
• Scholarships totals cannot exceed 50% of your tuition cost. Any exception is at the discretion of school administration only.
• In the event that you win scholarships from multiple competitions, cumulative amounts cannot exceed the total cost of your program’s tuition.
• The highest scholarship amount won per competition per year will be honored. (You cannot add previously earned amounts from regional or state levels to amounts won at a higher level in that same calendar year).
• Scholarships are applied at the beginning of each academic quarter, with subsequent applications contingent upon satisfactory academic progress and attendance. You must successfully complete the entire quarter to receive the scholarship payment for subsequent quarters.
• Scholarships must be redeemed no later than the fall of the year in which a student will graduate from high school

Outside Scholarship Policy

Please note: since these opportunities are outside of OTC/PSI, eligibility requirements and application deadlines may change without our knowledge. We are providing this information as a courtesy to you.

Other scholarship opportunities:

• VIP Voice $5,000 Scholarship
• Aftermarket Automotive Scholarship
• AmericanMuscle Scholarship
• University of the Aftermarket Foundation Scholarships [NEW]

OTC Sponsored Scholarships & Grants

• Skills USA
• Future Farmers of America (FFA)
• Michigan Industrial & Technology Education (MITES)
• Midwest Welding Tournament Competitions
• Hot Rodder’s of Tomorrow Engine Challenge Scholarship
• Automobile Dealers Association (ADA) Scholarship
• High School Instructor Annual Seminar Scholarship
• Family Alumnus Grant
• Instructor Alumnus Scholarship

The following terms apply to your scholarship:

• In the event that you win scholarships for multiple competitions, scholarships cannot exceed the tuition for one program.
• The highest scholarship amount won per competition per year will be honored. (You cannot add previously earned amounts from regional or state levels to amounts won at a higher level in that same calendar year).
• OTC Scholarships are applied on a quarterly basis and are contingent upon satisfactory academic progress and attendance.
• Scholarships must be redeemed no later than the fall of the year in which you graduate from high school.

Scholarship Search Sites

FastWeb
Scholarship Points
FinAid!
Student Scholarships
College Net
Scholarship Experts
UniversityHQ
Zinch Scholarship Search

Program Specific Scholarships

American Welding Society
Automotive Hall of Fame Scholarship for High School and College Students. Check website for details.
Automotive Scholarships Numerous scholarships for High School and College students. Check website for details.
Collision Education Foundation Scholarship opportunities for collision repair students attending career and technical schools and colleges.
Electrical Generating System Association (EGSA) Eligible applicants will be full-time students, have a declared major related to On-Site Power Generation industry subjects and have a minimum 2.8 GPA. Scholarship recipients must maintain a 2.8 GPA to continue their participation in the program.
The Specialty Equipment Market Association (SEMA)
Women’s Industry Network Scholarship

General Scholarship Opportunities

AFSA Scholarships High school seniors $2000 and $1000 award. See website for details.
The Campus Explorer Exclusive Scholarship
Coca-Cola Scholars offer $20,000, $10,000 and $3,000 awards. See website for details.
College Answer High school or college student $1000 scholarship monthly enter online or by mail
College Prowler High school or college student essay contest and no essay required entries each month
Cumberland Farms Believe & Achieve Scholarship Program: (Must reside within 30-mile radius of a Cumberland Farms retail location)
The Foundation of the Fabricators & Manufacturers Association
John F. Kennedy Presidential Library and Museum High school student essay contest. Check website for details and deadline.
Kohl’s Cares Scholarship
The Zebra.com Ohio Tour Guide Scholarship
University of the Aftermarket Foundation Scholarship 

Scholarship Opportunities Minority Students

HSF/Haz La U Scholarship
Latino College Dollars

For more information please contact the Office of Financial Aid at 1-800-322-7000 or financialaid@ohiotech.edu.