Other	Financial	Assistance	(OFA)
In	contrast	to	Pell	Grants,	you	must	take	other	aid	into	account	when	awarding	TEACH	Grants,	Campus-Based	aid,	or
Direct	Loans.	As	noted	earlier,	the	other	aid	that	must	be	considered	is	called	<other	financial	assistance=	(OFA).	OFA	is
generally	used	in	the	same	way	for	the	Direct	Loan	Program	as	for	the	TEACH	Grant	and	Campus-Based	programs.
However,	there	are	differences	in	the	treatment	of	AmeriCorps	benefits,	as	discussed	later	in	this	chapter.
In	general,	OFA	as	defined	for	the	Direct	Loan,	Campus-Based,	and	TEACH	Grant	programs	refers	to	aid	from	the	
Title	IV
programs,	as	well	as	other	grants,	scholarships,	loans,	and	wages	from	need-based	employment	that	you	can	reasonably
anticipate	at	the	time	you	award	aid	to	the	student,	whether	the	assistance	is	awarded	by	the	school	or	by	an	individual
or	organization	outside	the	school.
If	aid	is	excluded	from	either	OFA	or	COA,	that	amount	must	be	excluded	from	both	OFA	and	COA.	For	Direct	Loans,	the
regulations	specify	that	OFA	is	aid	that	the	student	will	receive	for	the	same	period	of	enrollment	as	the	loan.	As	noted	in
Chapter	1,	it9s	usually	best	to	originate	a	loan	for	a	period	that	matches	the	academic	year	or	other	period	that	you9re
using	to	award	funds	from	other	
Title	IV	programs.	The	amount	of	a	private	education	loan	which	exceeds	the	SAI	when
substituting	for	the	SAI	is	considered	OFA.
When	classifying	non-
Title	IV	sources	of	aid,	if	a	student	receives	the	award	because	of	postsecondary	enrollment	(for
example,	a	scholarship	from	a	local	social	club	that	requires	a	student	to	be	attending	a	postsecondary	school),	it	counts
as	OFA	if	it	is	not	considered	wages	for	employment	according	to	federal	or	state	rules,	or	if	it	is	considered	wages	and	is
based	on	need.	Any	amount	that	appears	as	income	on	the	tax	return	will	also	be	included	on	the	appropriate	line	on	the
FAFSA	form	in	the	section	for	student	income.	If	the	award	is	considered	wages	for	employment	but	is	not	based	on	need,
then	it	is	not	OFA	and	it	remains	in	income.
Compensation	that	a	student	athlete	receives	under	a	name,	image,	and	likeness	(NIL)	contract	is	a	non-need-based
source	of	income	and	therefore	is	not	considered	OFA.
Table	1	at	the	end	of	this	section	provides	examples	of	what	is	and	is	not	considered	OFA.
student	is	$9,500	(maximum	$3,500	subsidized).
The	student	can	also	receive	a	Direct	Unsubsidized	Loan	in	the	amount	of	$2,050	to	replace	the	SAI	and	fully
cover	the	COA:
$9,000	COA	-	$5,450	Pell	-	$1,000	FSEOG	-	$500	Direct	Subsidized	Loan	=	$2,050	Direct	Unsubsidized	Loan
eligibility
The	aid	package	now	fully	covers	the	student9s	COA:
$9,000	COA	-	$5,450	Pell	-	$1,000	FSEOG	-	$500	Direct	Subsidized	Loan	-	$2,050	Direct	Unsubsidized	Loan	=	$0
unmet	cost
*The	$5,450	Pell	Grant	amount	shown	in	this	example	is	for	illustrative	purposes	only	and	is	not	intended	to
represent	the	actual	Pell	Grant	amount	that	a	student	would	be	eligible	to	receive.	See	
Volume	7	for	guidance	on
the	determination	of	Pell	Grant	awards.
Estimated	Financial	Assistance
Campus-Based:	34	CFR	673.5(c)
Direct	Loans:	34	CFR	685.102(b)
HEA:	Sec.	428(a)(2)(C)(ii)
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