Additional Sources of Aid
Students are encouraged to pursue all possible scholarship sources outside the University. There are three web sites we consider you use that have comprehensive information about scholarship opportunities, some with "search" capabilities that will let you target scholarship criteria that match your profile. Two of these — Fastweb and the College Board sites — can be used by students from all regions of the U.S. The third — the Oregon Student Access Commission — is for Oregon residents only. Non-Oregonians should check with their own states' grant and scholarship programs to see if state scholarship funds may be used at institutions outside their home state.
Local Scholarship Resources
Many local, civic and charitable organizations such as Elks, Rotary, Soroptimists and Jaycees sponsor scholarship programs for outstanding graduates in their community. Check with your high school guidance office or your college financial aid office to learn more about these local programs. Most of these awards are announced early in the spring semester. You should begin checking early and pay attention to application deadlines.
Sources of Aid for Parents
For some families, the Expected Family Contribution (EFC) as calculated by the FAFSA is not an amount parents feel they can manage from current income and savings. If so, the following choices for parent financing are available:
- Parent Loan for Undergraduate Students (PLUS loan)
This loan is available to all credit-worthy parents who are U.S. citizens or permanent residents regardless of need. Families may borrow up to the total cost of attendance minus the amount of financial aid. Interest rates are variable and the loans go into repayment 90 days after the funds are disbursed.
- Home equity loans
Home equity loans are available to credit-worthy homeowners with established equity in their homes. Rates and terms vary depending on the bank or mortgage company. These loans often carry the added incentive of tax-deductible interest.