Financial Resources

College is expensive. For many of us it will be the single largest expense we will have in a lifetime. Don't let finances be a roadblock to your education! The EOC advisors can help you navigate the process and determine what assistance you may be eligible for.


ORS Board Scholarship

 ORS is now offering a scholarship to eligible EOC participants. Two scholarships in the amount of $250 will be awarded. 

 

**Our scholarship deadline has been extended until Friday, May 25!**

 

General Guidelines & Priorities: 

  • Must be an EOC participant from September 1, 2017 to May 1, 2018
  • Must have completed at least one (1) college application
  • Must have completed at least one (1) FAFSA or scholarship application
  • Graduating seniors must have a minimum GPA of 3.0. Eligible adults must have completed either GED or high school and be enrolling in a career or technical program.
  • Scholarship funds will be paid in September directly to the college and not to the student. It will be the student’s responsibility to submit to the EOC at that time an invoice for first semester tuition and fees, student ID number and college information.
  • Application should be postmarked or brought into EOC office no later than May 25, 2018, by 12:00 p.m. Late applications are not accepted. 

Application packages should include:

  1. Completed EOC Scholarship Packet, including a signed household income statement form for dependent students
  2. Copy of Official HS transcript (Graduating senior)
  3. Copy of GED or HS Diploma (Eligible Adult)      

 

Mail one copy of a completed application package to:                             

Educational Opportunity Center

218 S. Ridgeway Drive

Cleburne, TX 76033                                                                                     

Download
EOC Scholarship Packet
EOC Scholarship Packet.pdf
Adobe Acrobat Document 1.4 MB

All complete applications will be reviewed for eligibility, and recipients will be selected by a lottery. 

Please submit any questions to: ikisha.cross@orstx.org 


Check out these other free financial resources for students, with useful information about how to pay for school, budgeting, and student aid:

www.saltmoney.org
www.saltmoney.org

Salt is an online financial literacy and money management tool designed for college students, that will help you with planning for, paying for, and repaying the cost of your education. 


www.360financialliteracy.org
www.360financialliteracy.org

360 Degrees of Financial Literacy is a free resource brought to you by the American Institute of CPAs, that has financial resources and advice for all stages of life. Check out the tips and tools offered just for college students!


www.collegeaffordabilityguide.org
www.collegeaffordabilityguide.org

The College Affordability Guide is an in-depth search engine that allows you to find the most affordable, but also high-quality, colleges and degree programs in your area. You can browse school rankings by both subject and state.

bigfuture.collegeboard.org
bigfuture.collegeboard.org

Big Future, powered by College Board, offers advice and resources to help you pay for college, including student calculators that allow you to crunch the numbers so you can make a real plan that works for you.


www.cashcourse.org
www.cashcourse.org

Signing up for a free account with CashCourse: Your Real-Life Money Guide will get you access to financial tools and lessons that will teach you how to make informed choices and start taking charge of your money.

 


www.tuitionfundingsources.com
www.tuitionfundingsources.com

A one-stop shop for you to find scholarships and other sources of financial aid to help you pay for school.



Student Loans?

There are four different types of financial aid: grants, scholarships, work study, and loans.

 

Educational loans are not the same as a bank loan. It is possible to get a loan for school even if you have bad credit. Direct subsidized loans will not accrue interest while you are enrolled in school, and in many cases you will be able to defer payment on your loan until after graduation. However, loans should be a last resort. We will make every effort to help you attend school without taking any loans. 

 

Remember that the amount of loans you take should be relative to the income you expect to make after you earn your degree or certificate.

 

Being in default on old student loans is one of the most common problems the EOC encounters with our clients. We can assist you on what steps to take next to get out of default, so that you can go back to school and be eligible for federal student aid again. So what are your options?

Rehabilitate

This is an option for getting your student loans out of default. This option will allow your repayment plan to be calculated based off of your current income, possibly lowering your payments. Once you have made payments on your loan(s) for 6 consecutive months, you will no longer be in default.

Consolidate

If you have several student loans from multiple lenders, then consolidating those loans into one loan would allow you to make just one payment per month, instead of many. It may also help to lower your payment amount.

Cancellation

This is only available in limited situations, but if you are in default then it may be worth consideration.


Not sure where to start? Visit www.nslds.ed.gov to check the status of your student loans. To look into student loan forgiveness and set up an income-based repayment plan, go to studentloans.gov/repay

 

If you need further assistance, an EOC advisor can walk you through the process. All you have to do is make your appointment!