Information about financing an Occidental education for incoming students.
Grants, scholarships and loans are reflected on your billing statements and result in a reduction in the amount you owe. Financial aid credits reflected on your bill are those that have been awarded up to the time the billing statement was generated.
Federal work study awards and Occidental work awards are paid directly to the student as they earn them and are not reflected on the billing statement. Subsequent adjustments to aid will appear on the next billing statement.
Students who withdraw during the semester may be eligible for refunds, depending upon the time of the withdrawal. Students must give written notification to the registrar of their decision to withdraw and complete all withdrawal procedures in order to be eligible for any refunds. For important dates to remember for payments and refunds, visit the list of important dates from Student Busines Services.
A serious illness or accident that forces a student to leave Occidental before the semester is completed can be financially costly. To protect against this possibility, Occidental offers optional tuition insurance through GradGuard. For additional information can be found on the Student Business Services Tuition Insurance page.
If you have been awarded assistance through the Federal Direct Subsidized/Unsubsidized, Occidental No-Interest Loan or the Occidental Low-Interest Loan program, borrowers are asked to complete a mandatory entrance interview and electronically sign their Master Promissory Note (MPN) and Disclosures (Oxy Loans only). You should complete your forms before July 1, 2020 by going to www.studentaid.gov for Federal Direct Loans and/or the ECSI portal for Oxy's student loan program.