The first step in the financial aid application process is the submission of the Free Application for Federal Student Aid (FAFSA). This process can be completed quickly and easily on the United States Department of Education’s website at www.FAFSA.gov This application will determine your eligibility for Federal Pell Grants and federal student loans.
1. Go to the FAFSA website
2. Complete the FAFSA application with your personal information
3.Add The Ocean Corporation’s school code #026002 for your school choice
4. Sign the application using your 4 digit Federal Student Aid (FSA) ID
5. Submit application
Your eligibility results will be sent to our Financial Aid Office within 5-7 business days. To discuss you eligibility results, call our Financial Aid Department at 1(800) 321-0298.
Where can I fill out the financial aid application?
Which FAFSA do I submit?
– If you will start class April 2018 to March 2019 you will use the 18/19 FAFSA.
– If you will start class April 2019 to March 2020 you will use the 19/20 FAFSA.
Do I have to be registered for class before applying for financial aid?
No, you can apply before.
What information do I need in order to fill out the financial aid application?
Do I have to be registered for selective service in order to receive financial aid? (Male students only)
Yes. You can apply online at www.SSS.gov
What degree or certificate will you be working on when you begin at The Ocean Corporation?
Certificate or diploma (occupational, technical, or education program of less than two years.)
Will I need my parent’s information?
If you are considered a dependent student you will have to provide your parent’s information. For independent students it is optional.
Am I a dependent?
See FAFSA’s website for information on determining dependency status, http://studentaid.ed.gov/sa/fafsa/filling-out/dependency
What is the IRS Data Retrieval Tool
The IRS Data Retrieval Tool allows students and parents to access the IRS tax return information needed to complete the Free Application for Federal Student Aid (FAFSA), and transfer the data directly into their FAFSA from the IRS Web site.
Who do I include as part of my household?
Anybody that depends more than 50% on you.
What is an FSA ID?
An FSA ID consists of a username (or verified e-mail address) and password which gives you access to Federal Student Aid’s online systems and can serve as your legal signature. You can create your FSA ID on https://fsaid.ed.gov/npas/index.htm
Will my parent’s also need an FSA ID?
If you are a dependent student your parents will need to sign your FAFSA by using their own FSA ID.
How long after submitting my FAFSA can I find out what I’m eligible for?
Our financial aid office usually receives the result of your FAFSA about 3-4 business days after you submit.
Can I use more than one FAFSA through out the time I attend The Ocean Corporation?
Because we do not run by semesters you can only use one FAFSA application at a time.
Financial Aid Programs available at The Ocean Corporation include:
Federal Pell Grant
Eligible students who have not received a Bachelor’s degree and are enrolled in UDT or NDT may receive this grant based on financial need. A Federal Pell Grant is a grant that does not need to be repaid. Click here for Information about Federal Pell Grants from the U.S. Department of Education.
Federal SEOG Grant
Pell-eligible students enrolled in UDT or NDT may also receive this additional grant based on financial need. A Federal SEOG is a grant that does not need to be repaid. Click here for Information about Federal SEOG Grants from the U.S. Department of Education.
Federal Direct Student Loan Program – Stafford Student Loans
All eligible students at the Ocean Corporation are able to borrow a traditional “student loan” from the Federal Direct Student Loan Program. These loans are called Stafford Loans, and the interest on these loans may be subsidized and unsubsidized. Click here for Information about Stafford Loans from the U.S. Department of Education.
Federal Direct Student Loan Program – Parent PLUS Loans
The parents of dependent students at the Ocean Corporation are generally able to borrow a parent PLUS loan from the Federal Direct Student Loan Program. Parents can borrow up to the full cost of education (minus any other aid received). Click here for Information about Parent PLUS Loans from the U.S. Department of Education.
Students seeking more detailed information about financial aid, including all of the above programs, should contact the Ocean Corporation Financial Aid Office at 1-800-321-0298.
To be eligible to receive federal student aid, you must:
-Be a citizen or eligible noncitizen of the United States.
-Have a valid Social Security Number. (Students from the Republic of the Marshall Islands, Federated States of Micronesia, and the -Republic of Palau are exempt from this requirement.)
-Have a high school diploma or a General Education Development (GED) certificate, or have completed homeschooling. If you don’t, you may still be eligible for federal student aid if you were enrolled in college or career school prior to July 1, 2012. Go to http://studentaid.ed.gov/eligibility/basic-criteria for additional information.
-Be enrolled in an eligible program as a regular student seeking a degree or certificate.
-Maintain satisfactory academic progress.
-Not owe a refund on a federal student grant or be in default on a federal student loan.
-Register (or already be registered) with the Selective Service System, if you are a male and not currently on active duty in the U.S. Armed Forces. (Students from the Federated States of Micronesia, the Republic of the Marshall Islands and the Republic of Palau are exempt from registering; seewww.sss.gov for more information.)
-Not have a conviction for the possession or sale of illegal drugs for an offense that occurred while you were receiving federal student aid (such as grants, work-study, or loans). If you have such a conviction, you must complete the Student Aid Eligibility Worksheet to determine if you are eligible for aid or partially eligible for aid.
Many types of federal student aid, such as the Federal Pell Grant or subsidized loans where the government pays the interest while you are in college, also require you to have financial need. Additionally, once you have a bachelor’s degree or a first professional degree, you are generally not eligible for Pell or Federal Supplemental Educational Opportunity Grants (FSEOG). Other requirements may apply. Contact the Financial Aid Office for more information.
Veterans Benefits: Veterans of the Armed Services are generally eligible for educational benefits from the US Department of Veterans Affairs (VA). The veteran/student must apply for benefits directly with the VA, and The Ocean Corporation will certify the student’s enrollment and academic progress to the VA each trimester. Veterans with a service-connected disability and children/ dependents of veterans who were disabled or killed in the line of duty may be eligible for even more generous benefits.
For more information about VA educational benefits, please contact the VA at 1-888-GI BILL® -1 (1-888-442-4551) or visit their website at: VA Educational Benefits webpage.
Social Security Survivor’s Benefits: Check with your local Social Security Office for information on eligibility and benefits.
State Vocational Rehabilitation Educational Programs: Educational programs for persons with disabilities vary from State to State. Programs are also available for the vocational rehabilitation of former prisoners in some States. Check with your State’s vocational rehabilitation office.
Bureau of Indian Affairs: Registered members of a Native American tribal group may be entitled to educational benefits. Request information on grants and/or loans from your tribal headquarters or education office. Information is also available from the Bureau of Indian Affairs, Washington, D.C. 20245. State Unemployment/Displaced Worker Benefits: Benefits vary from State to State. Contact your State Employment Office for information.
Canadian Student Loans: Loans are available for Canadian citizens/legal residents. Programs may vary from Province to Province. Contact the Student Aid Office in your Province for more information.
Flexible Ocean Corporation Payment Plans: Students who do not qualify for sufficient financial assistance will appreciate our flexible payment schedules. Contact our Financial Aid Office at 800-321-0298 or 281-530-0202 and speak with your advisor to discuss how we can work with you today!
To learn more about the financial aid process at the Ocean Corporation, click here for information on “How To Apply” for financial aid. For information about your rights and responsibilities as an applicant for federal student aid, visit our “Rights and Responsibilities” webpage. To complete your on-line “Entrance Counseling” or “Exit Counseling” for your Federal Stafford Student Loan, visit our “Loan Requirements” page.
Paying for your education can be a challenge! The Ocean Corporation wants to make you aware of every benefit available for the financial commitment you have made. The federal government currently offers several income tax benefits for education costs, including the American Opportunity Credit (which has been extended through 2017) and the Lifetime Learning Credit. These are available to students and parents who paid tuition at a post-secondary school in the tax year, subject to IRS rules. Also, once you have completed your education, you might also be eligible to deduct the cost of interest paid on your student loans.
The Ocean Corp reports to the IRS annually the amount of tuition each student paid during the tax year (using the government’s formula). A 1098-T form will be mailed to each student’s permanent address as long as you have a valid Social Security number on file.
The 1098-T, along with your copy of the Ocean Corp’s billing statement, should be used by your tax preparer to determine your eligibility for a tax credit.
Because each taxpayer’s circumstances vary, we cannot provide tax advice or assistance related to the credit or how to claim the credit, but we will be here to assist you in locating helpful resources.
As required by law, your 1098-T statement will be mailed by Jan. 31 of the following year.