Applying for Financial Aid
Applying for financial aid at Ohio Dominican is really easy. The Free Application
for Federal Student Aid (FAFSA) is the only application you will need to complete for
all federal, state and institutional aid programs at Ohio Dominican. File the FAFSA as
soon as possible after January 1, 2008 for the 2008-2009 academic year. Having a copy of
your 2007 tax information is helpful in completing the FAFSA. Be sure to list Ohio
Dominican University - federal school code 003035.
Complete the FAFSA online using the
FAFSA on the Web Worksheet. The student and one parent
will each need to apply for a Personal Identification
Number (PIN) to use as their electronic signature(s) on the online version of the
FAFSA. Always keep your PIN numbers in a safe place. The PIN is similar to having a
security code for accessing bank account information. Your PIN will also serve as your
signature on the
Master Promissory Note (MPN) if you borrow under the Stafford Loan prorams.
If you have never borrowed a student loan from Ohio Dominican University before,
you will need to complete an entrance counseling session before your loan is disbursed.
This will give you all the information you need regarding your rights and responsibilities
as a student loan borrower. You can do this
online.
Also, if you are a new borrower who has not completed a
Master Promissory Note (MPN), you will need to do so to have your funds disbursed to
your account.
When completing your Master Promissory Note, you will need to choose a lender. The lenders and loan options presented when completing your Master Promissory Note were selected for the excellent terms and benefits they provide to borrowers. Our institution has worked with these lenders in the past, and previous borrowers had positive experiences working with them. To determine which lenders and loan options to present, we use strict criteria based on your interests and not those of our institution. We recognize only those lenders who provide you with exceptional customer service, excellent incentives (e.g., low interest rates, no origination fees, and loan principal reductions), timely processing, and electronic funds transfer capabilities when possible. All of the information provided on the Loan Options page is reviewed annually to ensure that the benefits that lenders offer continue to adhere to our criteria. Any loan options that no longer adhere to our criteria are removed, and new loan options that meet our criteria are added. At least three lenders will be presented to you at all times. You are free to select any lender and loan option, including those not presented. If you choose a loan option that is not presented, please follow the provided instructions to complete the application process. Application processing will not be delayed unnecessarily if you choose a loan option not presented. We maintain professional relationships with all lenders. Our officials are prohibited from accepting financial or other benefits in exchange for displaying lenders and loan options. These include: receiving compensation to serve on any lender board of directors or advisory boards; accepting gifts including trips, meals, and entertainment; allowing lenders to staff our institution's financial aid office; allowing lenders to place our institution's name or logo on any of their products; and owning lenders' stock (for those college officials who make loan decisions for our institution).
Please use our lender comparison tool to view each lender and their borrower benefits.
No funds will be disbursed until the MPN has been completed. Don't forget that you must be enrolled for a minimum of six credit hours each semester in which you wish to borrow a Stafford loan.
The maximum amount that may be borrowed is based on need and class rank. View details.
A very useful website for financial aid planning and calculating is
FinAid.org. FinAid's custom calculators
can help you figure out how much school will cost, how much you need to save and how much
aid you'll need.
Additional calculators are the
College Cost Projector,
Savings Plan Designer ,
Financial Aid Estimation
Calculator and Loan
Payment Calculator.
Ohio Dominican University
1216 Sunbury RD
Columbus OH 43219
(614) 251-4778
Fax: (614) 253-3499
finaid@ohiodominican.edu
