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Student loans allow students to borrow money at a low rate of interest to assist in meeting the cost of their education. Loans must be repaid following graduation or if the student withdraws or drops below half-time (6 credit hours) enrollment. All borrowers must complete a valid promissory note before any loan funds will be disbursed.

William D. Ford Direct Loan Program
The Ohio State University participates in the William D. Ford Federal Direct Loan Program. There are two types of Federal Direct Loans. With a Subsidized Loan ("Sub") the government pays the interest while the student is in school. With an Unsubsidized Loan ("Unsub"), you the student borrower are responsible for paying the interest while you are in school. If you choose not to pay the interest, it will be capitalized (added on to the principal). For more information on Federal Direct Loans, click here. All first-time borrowers must complete online Entrance Counseling and an online Master Promissory Note (MPN). 

Federal Direct Parent Loan for Undergraduate Students (PLUS)
Federal PLUS Loans are borrowed by parents for dependent undergraduate students. If you request a deferment, you will not need to make payments while your child is enrolled at least half-time and for an additional six months after your child graduates, leaves school, or drops below half-time enrollment. For additional information, click here

Private Loans
Privately funded and administered loan programs which provide additional funding for unmet school expenses. For additional information and a list of potential lenders, click here

Federal Direct Loan Link for:
  •  Entrance Counseling
  •  Master Promissory Note (MPN)
  •  Exit Interview
  •  Parent PLUS MPN