Due to higher than expected demand for the Oregon Opportunity Grant program, the Oregon Student Assistance Commission (OSAC) will reduce all grant payments for spring semester 2010 and spring quarter 2010 in order to stay within its budget.

All students who submitted valid FAFSAs on or before August 15 and received a grant payment for Fall 2009 by December 15 will continue to receive their awards throughout this academic year. However, all payments for spring quarter and spring semester will be reduced by $120 for full-time students and $60 for half-time students. Also, awards for students who were enrolled half time during Fall 2009 will be limited to that half-time amount during the remainder of the academic year even if such students become full-time. No new awards will be approved for 2009-10 after December 15.

Students apply for the Opportunity Grant by completing the Free Application for Federal Student Aid (FAFSA) at www.FAFSA.ed.gov. To be considered for the grant, students must submit their initial FAFSA on or before the August 15th deadlinefor the academic year. Students who submit initial FAFSAs after the deadline will be considered for a grant only if funds become available.