To receive full consideration for all programs, it is recommended that all students complete the Free Application for Federal Student Aid (FAFSA) every year, as soon as possible after January 1 for the next school year. Awards depend on the availability of funds.
Financial Aid Award notifications begin in March. OU Financial Services sends an award notification to the OU email address with instructions for viewing awards on MySAIL. In case of a change to an award, OU Financial Services sends a revised award notification to the OU email address with instructions for viewing awards on MySAIL. Students in an eligible graduate or post-master's certificate program may qualify for financial aid.
The Oakland University Assistantship programs provide students an opportunity to gain professional experiences, which enhance graduate instruction and research, while contributing financial assistance to the successful completion of a graduate degree. Oakland University budgets financial resources for a number of graduate assistantships that are made available to full-time, degree-seeking graduate students.
Eligibility and Requirements for a Graduate Assistantship Appointment
|Graduate Assistant Posted Positions|
The majority of Graduate Assistantships at OU are offered through academic departments and might NOT appear on this page. Graduate students interested in assistantship opportunities should also talk with their advisor and other faculty members within their department.
Graduate Assistant - The Honors College (PDF)
Graduate Assistant - Office of Undergraduate Admissions (PDF)
Employers - Download the Graduate Assistantship posting form
Detailed information regarding Graduate Assistantships can be found in the Graduate Catalog.
Oakland University supports the Council of Graduate Schools Resolution Regarding Graduate Scholars, Fellows, Trainees and Assistants.
King-Chavez-Parks Future Faculty Fellowship
The King-Chavez-Parks Future Faculty Fellowship Program (KCP) was established in 1986 by the Michigan State Legislature. The purpose of the program is to increase the pool of traditionally underrepresented candidates pursuing faculty teaching careers in postsecondary education. Preference will not be given to applicants on the basis of race, color, ethnicity, sex, or national origin. Applications from women, men, people with disabilities, and individuals from cultural, linguistic, geographic, and socio-economic backgrounds who would otherwise not adequately be represented in the graduate student and faculty populations are encouraged to apply.
The KCP Fellowships are funded from an annual State of Michigan appropriation to Oakland University. Graduate Study and Lifelong Learning holds a competition for KCP awards and provides recipients with financial assistance to pursue master's and/or doctoral degrees. A master's recipient can receive a maximum stipend of $20,000, and a doctoral fellow can receive a maximum stipend of $35,000.
The tuition for KCP fellows is paid by Graduate Study and Lifelong Learning as long as the recipient
Awarded Fellows must file a request for tuition reduction each term they are enrolled.
The King-Chavez-Parks Future Faculty Fellowship Program is administered by Graduate Study and Lifelong Learning with the support of the Workforce Development Agency
To be eligible for this Fellowship, a candidate must:
Eligible students who are enrolled currently or admitted into a graduate degree program at Oakland University may complete the application and submit it, along with supporting documents by the December 12 deadline date. The complete Fellowship application is composed of the following six parts:
|SELECTION AND AWARD|
A selection committee reviews applications annually and recommends the candidates to receive the award to the executive director of Graduate Study and Lifelong Learning. Selections are made on a competitive basis using criteria that include academic performance, research accomplishments and potential, recommendation letters, and the personal statement. Fellowship decisions are not subject to appeal.
Award notifications will be sent by mail no later than end of April.
|CONDITIONS FOR ACCEPTANCE|
Future Faculty Fellows agree to complete a master's degree within four years and a doctoral degree within eight years of receiving the Fellowship, and are obligated, by signed agreement, to remain in postsecondary faculty teaching or administration in a public or private, 2- or 4-year, in-state or out-of-state postsecondary institution for a minimum of three years equivalent full-time.
Fellows who do not fulfill the teaching and/or other obligations of their fellowship agreement may be placed in Default, which results in their fellowship converting to a loan (referred to as a KCP Loan) that the Fellow repays to the State of Michigan.
Contact Graduate Study and Lifelong Learning at (248) 370-4052 if you have additional questions.
The School of Nursing applies each year for Federal Traineeship Grants. Funds for the traineeship come from the Bureau of Health Professions, Health Resources and Services Administration (HRSA). The purpose is to support traineeships for licensed registered nurses enrolled as full-time graduate students, first-year Nurse Anesthesia students, part-time students in the last 12 months of their program, or full-time students beyond the twelfth month of study in a master’s nurse anesthesia program.
The Federal TEACH Grant:
Offered to students in a master’s degree program which leads toward teaching. The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides $4,000 in annual grant. The maximum cumulative award is $8,000 (two years). Less than full time students have the same cumulative maximum, but have prorated annual awards. Candidates must agree to serve as full-time teachers at certain schools serving low-income students, and teach subjects within certain high-need fields (foreign language, mathematics, reading specialist, science, special education) for at least four academic years within eight years of completing the course of study for which the grant was received. If a grant recipient does not fulfill the teaching obligation, the TEACH grant funds convert to a Direct unsubsidized loan that must be repaid with interest. Requires completion of the FAFSA.
Graduate students are able to apply for a Federal Direct Graduate PLUS loan. The Graduate PLUS loan is approved or denied based on the graduate student's credit. An online application is available at www.studentloans.gov. For information regarding interest rates and repayment terms, visit the PLUS loans page on the Federal Student Aid website..
How you finance your education is a choice that will impact your life for years after graduation. Private scholarships are abundantly available for students from organizations, foundations, companies, and individuals. Students can increase the probability they will be selected for private scholarships by increasing the number of applications submitted. View additional private scholarships on Goodcall.com and CollegeBoard.org.
A number of banks and lending institutions offer private loan funding to assist students with the cost of education. A co-signer may be required, depending on the student's credit history and credit worthiness. Borrow wisely and compare lenders to make a smart, long-term choice. Be wary of private loan offers which discourage you from working with your financial aid office, offer introductory rates, do not tie the loan interest rate to a fixed percentage of LIBOR or PRIME rate, or claim that you can apply and receive money immediately. OU will certify a private loan from any private lender. Many private loan options are available and students can choose to apply for a private loan with any banking institution of their choice. If students need to utilize loans, it is best to exhaust all federal loan options before seeking a private loan. Read more about federal and private loan options. Although not a comprehensive list, StudentLendingAnalytics.com provides a brief overview of private loan options.
Consider these factors when shopping for a lender:
- Undergraduate, Graduate, Professional Development, Certification
- Satisfactory Academic Progress (SAP)
- Enrollment Requirements – ie., less than half-time
- International Students
- With or without a co-borrower (co-signer)
- Interest adjusted when and how
- Origination fees and other charges
- Late fees
- Direct Debit
- Co-borrower release
- Graduation reward
- When does repayment begin?
- Can principal and interest be deferred?
- When is interest capitalized?
- Maximum repayment period
- Minimum loan amount
- Annual and aggregate loan limits
- Allow loans for past balances (if applicable)
- Responsive customer service
- Student focused
Consolidation loans combine several loans, with various repayment schedules, into one loan, requiring you to make only one monthly payment. The interest rate on a consolidation loan also may be lower than what you're currently paying on one or more of your loans. Student borrowers with at least one Federal Direct Loan may wish to consider a Direct Consolidation Loan.