Student Loans
Parent PLUS Loan
- Parents of dependent students may apply for this loan.
- If PLUS loan already shows on award letter, we will automatically process the
loan for you. If you do not wish to borrow the loan, just contact our office and we
will cancel it.
- Repayment on the principal and interest begins as soon as the loan is disbursed.
- Variable interest rate not to exceed 9.0 percent.
- The parent must pass a credit check to qualify for a PLUS Loan. See
Parent PLUS Loan Approval.
- Maximum amount that may be borrowed is the student's cost of attendance less
other aid received.
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.
Ohio Dominican University
1216 Sunbury RD
Columbus OH 43219
(614) 251-4778
Fax: (614) 253-3499
finaid@ohiodominican.edu
