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Financial Aid
Students enrolling in the LEAP program may be eligible for financial aid. There are several federal grant and loan programs, as well as private loans available. Additionally, some students may qualify for tuition reimbursement through their employer or the military.
FAFSA
The Free Application for Federal Student Aid (FAFSA) is used to apply for federal aid, as well any available aid from Alabama or Oakwood University. The form is available on January 1 of each year and should be completed by February 28 for the fall semester and by November 15 for the spring semester. Students may apply for financial aid after these dates, but the entire process generally takes up to 6-9 weeks and may not processed in time for registration.
For more information about FAFSA, visit the FAFSA website.
Federal Grant/Loan Programs
Pell Grant
- Maximum of $5,350/year available
- Based on your financial need and cost of college
- Does not have to be repaid
Federal Supplemental Educational Opportunity Grant (FSEOG)
- Awarded to students with exceptional financial need
- Award amounts from $100 to $4,000 per year
- Does not have to be repaid
Federal Stafford Loan
- Available as subsidized (interest does not accrue while you are enrolled) or unsubsidized (interest accrues even while you are enrolled) loans
- Subsidized loans repayment not due until six months after you graduate or are no longer enrolled in school
Tuition Reimbursement
Military Reimbursement
The LEAP program and Oakwood University accept military reimbursement through the Montgomery GI Bill administered by the Veterans Administration. For more information, please contact the LEAP office at (256) 726-7098.
Employer Reimbursement
Some employers offer full or partial tuition reimbursement. If your company offers tuition reimbursement, please contact the LEAP office at (256) 726-7098 prior to enrolling so that we can help you make arrangements for payment.