Employees and their dependents may also be eligible for the programs described below.
Use Payroll Deduction to Save for College – When you're looking at ways to save for college for your kids, your grandkids, or even yourself, consider the Oklahoma 529 College Savings Plan. It let’s you save for college by investing your money now and watching it grow. When it’s time for college, the earnings spent on eligible college expenses are tax-free. Plus, you can have the amount you want to save deducted directly from your paycheck, before you can even consider spending it on anything else.
Steps to investing in the Oklahoma 529 College Savings Plan
The University of Oklahoma Board of Regents approved new tuition assistance for children of OU Employees. The new Dependent Child Tuition Waiver program will waive tuition for undergraduate students who are also enrolled as dependents in the university’s medical insurance plan.
The waiver will cover the full cost of resident tuition, excluding associated fees. This program supports the university’s commitment to family and community values, recruiting and retaining high performing employees, and remaining competitive with other comprehensive research institutions. Find information about eligibility and applying on the Office of the Bursar's website.
The federal Public Service Loan Forgiveness Program is intended to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, borrowers may qualify for forgiveness of the remaining balance of their federal Direct Loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers including the University of Oklahoma.
Learn more about the program:
Submit Form to HR: Employees must use the Employment Certification form to track their eligible employment in the Public Service Loan Forgiveness Program. To complete Section 3 and Section 4 of the form, submit your Employment Certification form to Human Resources at email@example.com or to by mail to your campus HR office.
Questions? Contact Human Resources about certifying employment or Jehan Parekh in OU Financial Aid about program details.
Your child may be able to get a head start on college classes at OU. Through Concurrent Enrollment high school juniors and seniors can enroll in college classes at a discounted cost and earn college credit while still in high school. Choosing Concurrent Enrollment allows young students to explore academic interests, challenge themselves, and gain valuable experiences and college credit before graduating high school. Learn more about Concurrent Enrollment here.