The College Financing Plan is a standardized form developed by the U.S. Department of Education for prospective students to compare the estimated costs of colleges and the types and amounts of aid available. 

  

The examples below are based on a sample full time student 12 hours or more for 9 months (Annual) and based on the cost of attendance figures for Seminole State College. The financial aid award figures are average awards provided to students contingent upon the student meeting all eligibility requirements.  

  

If / when you have submitted FAFSA (free application for federal student aid) and have completed the SSC application process, you will be able to log in to our system for a personalized plan that will show your individual amounts.

  

Total Cost of Attendance 2024-2025
	On Campus Residence	Off Campus Residence
Tuition and fees (fulltime annual)	$5,400
Living Expenses	$7,864	$11,988
Books, Supplies and Course Materials	$3,000
Transportation	$4,850
Other education costs	$3,600
Estimated Cost of Attendance	$24,714 / yr	$28,838 / yr

Expected Family Contribution
Based on FAFSA As calculated by the institution using information reported on the FAFSA or to your institution. Because this is a sample student - no data available	$0/ yr
Based on Institutional Methodology Used by most private institutions in addition to FAFSA.  Because this is a sample student - no data available	$0 / yr

Scholarship and Grant Options

Scholarships and Grants are considered "Gift" aid - no repayment is needed.

Scholarships
Merit-Based Scholarships
Scholarships from SSC  up to	$2,000/yr
Scholarships from Oklahoma (Academic Scholars)  up to	$2,500/yr
Valedictorian / Salutatorian up to	$2,500/yr
President Leadership Class (PLC)	$5,000/yr
Total Scholarships	$12,000/ yr

VA Education Benefits if qualified
Chapter 30 Montgomery GI Bill Chapter 31 Training Rehabilitation Service Connected Disabilities Chapter 33 Post 9/11 Educational Assistance Chapter 35 Survivors & Dependents Educational Assistance This tool helps to compare possible VA Benefits GI Comparison Tool https://www.va.gov/education/gi-bill-comparison-tool/

College Costs You Will Be Required to Pay
Net Price To You (This example Net Price is the total cost of attendance minus a maximum Federal Pell Grant (if awarded). The additional scholarships listed above may be subtracted (if awarded) from this amount to calculate other potential savings. )	$21,443 / yr

Loan and Work Options to Pay the Net Price to You

You must repay loans, plus interest and fees.

Loan Options*
Federal Direct Subsidized Loan (5.50 interest rate) (1.05% origination fee)	$3,500 / yr
Federal Direct Unsubsidized Loan (7.05% interest rate) (1.05% origination fee)	$2,000 / yr
Total Loan Options	$5,500 / yr

^* For federal student loans, origination fees are deducted from loan proceeds.

Other Options
You may have other options to repay the remaining costs. These include: Tuition payment plan offered by the institution Parent PLUS loans, which your parent can apply for Non-Federal Private education loan, which you or your parent can apply for after passing a credit check Other Military or National Service Benefits

Customized Information from SSC

Glossary

Cost of Attendance (COA): The total amount (not including grants and scholarships) that it will cost you to go to school during the 2022–23 school year. COA includes tuition and fees; housing and meals; and allowances for books, supplies, transportation, loan fees, and dependent care. It also includes miscellaneous and personal expenses, such as an allowance for the rental or purchase of a personal computer; costs related to a disability; and reasonable costs for eligible study-abroad programs. For students attending less than half-time, the COA includes tuition and fees; an allowance for books, supplies, and transportation; and dependent care expenses. Direct Subsidized Loan: Loans that the U.S. Department of Education pays the interest on while you’re in school at least half-time, for the first six months after you leave school (referred to as a grace period*), and during a period of deferment (a postponement of loan payments). Direct Unsubsidized Loan: Loans that the borrower is responsible for paying the interest on during all periods. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan). Expected Family Contribution: A number used by your school to calculate the amount of federal student aid you are eligible to receive. It is based on the financial information provided in your Free Application for Federal student Aid (FAFSA). This is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. Federal Work-Study: A federal student aid program that provides part-time employment while the student is enrolled in school to help pay his or her education expenses. The student must seek out and apply for work-study jobs at his or her school. The student will be paid directly for the hours he or she works may not automatically be credited to pay for institutional tuition or fees. The amount you earn cannot exceed the total amount awarded by the school for the award year. The availability of work-study jobs varies by school. Please note that Federal Work-Study earnings may be taxed in certain scenarios; however the income you earn will not be counted against you when calculating your Expected Family Contribution on the FASFA. Grants and Scholarships: Student aid funds that do not have to be repaid. Grants are often need-based, while scholarships are usually merit-based. Occasionally you might have to pay back part or all of a grant if, for example, you withdraw from school before finishing a semester. If you use a grant or scholarship to cover your living expenses, the amount of your scholarship may be counted as taxable income on your tax return. Loans: Borrowed money that must be repaid with interest. Loans from the federal government typically have a lower interest rate than loans from private lenders. Federal loans, listed from most advantageous to least advantageous, are called Direct Subsidized Loans, Direct Unsubsidized Loans, and Parent PLUS Loans. You can find more information about federal loans at StudentAid.gov. Net Price: An estimate of the actual cost that a student and his or her family need to pay in a given year to cover education expenses for the student to attend a particular school. Net price is determined by taking the institution's cost of attendance and subtracting any grants and scholarships for which the student may be eligible. Non-Federal Private Education Loan: A private education loan is a loan issued expressly for postsecondary education expenses to a borrower (either through the educational institution or directly to the borrower) from a private educational lender, rather than as a Title IV, HEA loan offered by the Department of Education. Origination Fees: An upfront fee charged by a lender for processing a new loan application. It is compensation for putting the loan in place. Origination fees are quoted as a percentage of the total loan. Parent Plus Loan: A loan available to the parents of dependent undergraduate students for which the borrower is fully responsible for paying the interest regardless of the loan status. Teach Grant Program: Provides grants of up to $4,000 a year to students who are completing or plan to complete course work needed to begin a career in teaching. If you do not meet the requirements of your service obligation, all TEACH Grants you received will be converted to Direct Unsubsidized Loans. You must repay these loans in full, with interest charged from the date of each TEACH Grant disbursement. Service obligation information can be found at https://studentaid.gov/understand-aid/types/grants/teach. Tuition Payment Plan: A tuition payment plan offered by an institution may allow students to spread out their payments. It includes an extension of credit of 90 days or less in which the educational institution is the lender, or of one year or less where an interest rate will not be applied to the credit payment. VA Education Benefits: Benefits that help Veterans, service members, and their qualified family members with needs like paying college tuition, finding the right school or training program, and getting career counseling. You can find more information here: https://www.va.gov/education/. For more information visit https://studentaid.gov.