Student Loans
Types of Loans and General Loan Information
There are several types of loans available to Ohio Dominican students. Unless a student
is in default of a previous student loan, has borrowed the maximum allowed as an
undergraduate student, or has already received financial aid to cover all their costs,
he/she will qualify for one or more of the loans listed below. A minimum of six credit
hours of enrollment per semester is required for all loans. Students must complete the
FAFSA to determine what loans they may be eligible to receive.
See Apply for Financial Aid.
All first-time borrowers at Ohio Dominican must complete an
Entrance Interview.
This is a need-based loan subsidized by the federal government. The advantage of the
Subsidized Stafford Loan is that no interest accrues as long as a student is registered
for at least six credit hours.
Learn More...
This is a non-need based loan subsidized by the federal government. Interest begins to
accrue while the student is in school. Interest payments can be made during enrollment
or deferred until the loan goes into repayment.
Learn More...
Ohio Dominican University has limited funds to award to students who show exceptional
financial need and complete the FAFSA See Apply
for Financial Aid. Students who are awarded a Federal Perkins Loan for the first
time will be required to complete an Entrance
Interview and Master Promissory Note (MPN). Interest rate is 5% and repayment
begins 9 months after you leave Ohio Dominican. The student may choose to make payments
on the interest only while he/she is in school or choose to have the interest capitalized.
Learn More...
Parents of dependent students may apply for this loan. Repayment on the principal
and interest begins as soon as the loan is disbursed.
Learn More...
For other types of loans, please see the FastAlt Solutions Website.
Straightforward information about everything from choosing a student loan to getting out of debt to avoiding default and more. http://www.studentloanborrowerassistance.org/
Ohio Dominican University
1216 Sunbury RD
Columbus OH 43219
(614) 251-4778
Fax: (614) 253-3499
finaid@ohiodominican.edu
