Douglas Olsen
Ohio University offers federal student loans to eligible students. These loans are considered financial aid and are a resource to assist families in meeting the costs of higher education expenses. By completing the FAFSA, students can access federal student aid, including loans. Federal loans often offer borrowers lower interest rates and more flexible repayment options than private loans. To accept a federal student loan offer from Ohio University, students can log in to the Financial Aid Portal and review the terms and conditions of their award. It is recommended that students accept grants and scholarships as soon as possible, but they can wait until closer to the start of the term to accept loan offers.
| Characteristics | Values |
|---|---|
| Interest rates | Lower than private loans |
| Repayment options | More flexible than private loans |
| Parent eligibility | Biological or adoptive mother or father |
| Parent eligibility | Spouse of a parent (student's stepparent) if listed on FAFSA and income used to determine aid eligibility |
| First-time parent borrower requirements | PLUS Loan Agreement (MPN) and credit check |
| Credit check failure options | Work with Applicant Services, PLUS Counseling if credit is overridden |
| Application deadline | February 15, 2025 |
| Submission method | Online, mail, fax, or in-person |
| Required documents | FAFSA, Secure Upload Portal Troubleshooting Guide, name, and student PID number |
| Contact information | 740.593.4140 |
| Website | Federal Student Aid |
| Additional information | Federal loans are considered financial aid and must be repaid with interest |
What You'll Learn
Completing the FAFSA
The FAFSA is now open to all students and families for the 2025-2026 academic year. Ohio University's first-priority date for submission of the FAFSA is February 15, 2025. You can complete the FAFSA at studentaid.gov. You will need to create an FSA ID and password. You will also need to provide tax information or confirm your non-filing status.
The FAFSA Simplification Act has made a number of changes to the application process and the calculation of financial aid eligibility for the 2024-25 academic year. The number of questions on the FAFSA has been reduced from 108 to 46. Students with divorced or separated parents will now report demographic and financial information for the parent who provides the greater portion of their financial support, along with that parent's spouse if they have remarried. The Estimated Family Contribution (EFC) has been replaced by the Student Aid Index (SAI), which will allow for negative values.
It is important to understand that by accepting federal student loans, you are borrowing money that must be paid back with interest. Federal loans often offer lower interest rates and more flexible repayment options than private loans.
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Federal Direct Parent PLUS Loans
To apply for a Federal Direct Parent PLUS Loan, a parent must complete the application online using their FSA ID and password. First-time parent borrowers must also complete the PLUS Loan Agreement (MPN) and undergo a credit check. If the parent does not pass the credit check, they can either work with Applicant Services to investigate a potential error or, if the credit is overridden, complete PLUS Counselling.
Repayments for Federal Direct Parent PLUS Loans must be made according to the terms of the promissory note. Scheduled payments must be made to the holder of the loan over a period of time. If a student withdraws from Ohio University, any unearned grant funds that must be returned are considered an overpayment. The maximum amount of a grant overpayment that must be repaid is half of the grant funds received or scheduled to be received.
To receive any federal student aid, including loans, students (or their parents) must complete the FAFSA form. This gives access to federal student aid, which is the largest source of aid, along with state and institutional aid. Federal loans often offer lower interest rates and more flexible repayment options than private loans.
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Federal Student Aid website
The Federal Student Aid website is a crucial resource for students and families seeking financial assistance for higher education. It serves as a comprehensive guide to understanding and applying for federal student loans, including those offered by Ohio University. Here is a step-by-step guide to navigating the Federal Student Aid website and securing federal student loans:
Understanding Federal Student Aid:
The Federal Student Aid website provides detailed information about federal student loans, which are often the largest source of financial aid for students. Federal loans typically offer lower interest rates and more flexible repayment options compared to private loans. By exploring the website, students can learn about the different types of federal loans available, such as Direct Subsidized Loans, Direct Unsubsidized Loans, and Parent PLUS Loans.
Completing the FAFSA:
The first step in applying for federal student loans is completing the Free Application for Federal Student Aid (FAFSA). The FAFSA is a crucial form that determines eligibility for not just federal aid but also state and institutional aid. It collects information about the student's and their family's financial situation to assess their need for financial assistance. The FAFSA can be filled out online, and Ohio University has set a priority date of February 15, 2025, for its submission.
Understanding the Financial Aid Offer:
After submitting the FAFSA, students will receive a Financial Aid Offer from Ohio University. This offer will outline the federal, state, and institutional financial aid funds available to the student. It will also include estimated costs for tuition, residence, and meal plans. The Financial Aid Enclosure provided with the offer will guide students through the next steps and additional payment options.
Accepting Federal Student Loans:
Within the Financial Aid Offer, students will find information about the federal student loans they are eligible for. Students can then decide whether to accept these loans. It is important for students to understand the terms and conditions of their loans, including repayment options and interest rates. Ohio University's website provides additional information about both federal and private loans, ensuring students make informed decisions.
Additional Resources:
The Federal Student Aid website and Ohio University's Office of Student Financial Aid and Scholarships Services offer further support and resources. Students can schedule appointments with their assigned financial aid advisors, either in-person or virtually, to discuss specific questions or concerns. Additionally, Ohio University offers a short-term loan program for students who need temporary financial assistance.
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Federal Student Loan Debt Relief
Federal student loans are a common way to fund a college education. They are available to all eligible students, regardless of income or credit. Ohio University also offers federal student loans to eligible students. These loans are provided by the U.S. Department of Education and are a major form of financial aid for students.
To accept federal student loans at Ohio University, there are a few steps to follow. Firstly, it is important to complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is used to determine a student's eligibility for financial aid, including federal loans. The FAFSA can be completed online, and Ohio University has a priority date for FAFSA submission of February 15, 2025. Completing the FAFSA is crucial to access federal student aid, which is the largest source of financial aid, along with state and institutional aid.
Once the FAFSA is processed, students will receive a Financial Aid Offer from Ohio University. This offer will outline the federal, state, and institutional financial aid funds available, as well as the estimated costs for tuition, residence, and meals. The Financial Aid Enclosure included with the offer will provide guidance on repayment options and additional payment options.
Ohio University also offers a short-term loan program for students who need temporary financial assistance. These loans are intended to supplement the financial aid package and help students with immediate expenses.
It is important to understand the terms and conditions of any loan before accepting it. Federal loans often offer lower interest rates and more flexible repayment options compared to private loans. However, it is the borrower's responsibility to understand the repayment terms and make timely payments. Federal student loans must be repaid, and failure to do so can have serious consequences.
For specific questions regarding federal student loans at Ohio University, students can email [email protected] or schedule an appointment with their assigned financial aid advisor. The website also provides detailed information on both federal and private loans, including the Federal Direct Parent PLUS Loan and private loan options for medical students.
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Federal Parent PLUS Loans
Completing the FAFSA gives students access to federal student aid, which is the largest source of aid, along with state and institutional aid. The FAFSA must be completed by February 15, 2025, for the fall 2025 semester. The OHIO Excellence Awards program is a set of renewable scholarships and grants designed to recognize the academic achievements and diverse contributions of the incoming first-year class.
Federal loans are considered financial aid and often offer borrowers lower interest rates and more flexible repayment options than loans from banks or other private sources. Students can also contact the Office of Student Financial Aid and Scholarships Services to schedule an in-person or virtual appointment with their assigned financial aid advisor to discuss specific loan questions.
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Frequently asked questions
To apply for federal student loans at Ohio University, you must complete the FAFSA (Free Application for Federal Student Aid). This will give you access to federal student aid, which is the largest source of aid, along with state and institutional aid.
The first-priority date for submission of the FAFSA for Ohio University is February 15, 2025.
You can submit the required financial aid documents using the Secure Upload Portal, by fax, by dropping them off in person, or by placing them in the drop box located inside the south entrance doors on the ground floor of Chubb Hall.
Federal loans often offer lower interest rates and more flexible repayment options than loans from banks or other private sources.
You can accept your financial aid offer online through the OSU Financial Aid Portal. By accepting your financial aid offer, you are stating that you have read, understood, and accepted the Terms and Conditions of your award.
