Financial Aid and Scholarship FAQ
Admitted freshmen applicants are automatically reviewed for scholarships at Newark.
In an effort to help students and parents understand and successfully navigate the financial aid and scholarship process, we have compiled the answers to some of the most frequently asked questions. After review, please feel welcome to contact our Office of Financial Aid should you have additional questions.
1. What is the difference between a merit-based scholarship and a need-based scholarship?
A merit-based scholarship is awarded based on academic criteria only. A need-based scholarship is awarded based upon academic criteria along with demonstrated financial need (See the answer to question 4 below for the definition of need).
2. What are the criteria for receiving a scholarship?
1. To be considered for an Ohio State Newark scholarship you should:
- Be accepted to Ohio State Newark for the upcoming autumn semester. (By January 1 for priority consideration).
- Submit ACT or SAT scores as part of the application process
- Submit the Free Application for Federal Student Aid (FAFSA) by February 15 for priority consideration for need-based scholarships and other financial aid. The FAFSA can be completed at: www.fasfa.gov
3. What is the typical academic profile of those who are awarded scholarships?
Merit scholarships are based upon the competitiveness of the applicant pool by reviewing the high school GPA and ACT/SAT scores of students. Merit awards can vary from year to year depending on the academic profile of applicants. Applicants with a high school GPA of 3.5 or above and an ACT score of 26 or above are likely to receive merit scholarships. Merit awards are offered annually to the strongest academically performing applicants.
4. What type of scholarships are available?
Ohio State Newark offers a variety of scholarships for students. Scholarships are based upon specific criteria including, but not limited to: academic success, writing ability, leadership, community service involvement, residency requirements and financial need. A limited number of scholarships are also available to students transferring to our campus. Scholarship applications, when required, will be available on the Office of Financial Aid’s website after January 1.
5. Are scholarships available for transfer students?
Yes, a limited number of scholarships are available for transfer students who meet specific criteria.
6. How is financial need determined?
Financial need is determined using the Expected Family Contribution (EFC) which is determined by filing the FAFSA (Free Application for Federal Student Aid). The average EFC for need-based scholarships at Ohio State Newark for the 2015-16 school year was $2,340.
7. What if I am admitted to another Ohio State campus for Autumn semester, but I want to be considered for a scholarship at Ohio State Newark?
Incoming students who have been accepted to another Ohio State campus may be considered for our scholarships if they have applied to our Honors program. Students may decide not to participate in the Honors program after they complete the application and receive a scholarship. For more information about the honors program visit: Honors Website.
8. Are scholarship recipients required to take Honors courses?
Students who receive a Newark Endowed Merit Scholarship are granted membership into the Honors program and can remain in the program so long as they maintain a 3.4 GPA and stay on target to meet the additional requirements for graduating with Honors distinction on their diploma.
9. I have been awarded a scholarship from Ohio State Newark. Can I also receive federal grants, loans and/or scholarships from other sources?
Yes, but by federal law, the total awarded dollars (scholarships, grants, loans, etc.) cannot exceed the total cost of attendance (including tuition, fees, living expenses and books) at Ohio State for one academic year.
10. What types of financial aid are available from other sources and how do I apply?
11. What is the deadline to apply for merit and need-based scholarships?
Scholarship consideration is given to those who apply for admission by January 1 for the following autumn semester. Based on availability of funds, additional scholarship consideration will be given until all money is exhausted.
Students who submit the Free Application for Federal Student Aid (FAFSA) by February 15 will receive priority consideration for all need-based aid.
12. Where does the scholarship money come from?
Many of the scholarships are made possible by generous donations from our alumni, campus community and friends. We request that our scholarship recipients submit a thank you letter to the donor associated with their award.
For More Information: Financial Aid Office
For More Information about Financial Aid: www.sfa.osu.edu