Student Loans
Stafford Loan
- Need based loan.
- No interest while a student is registered for at least six credit hours.
- Variable interest rate not to exceed 8.25 percent.
- Repayment and interest begins six months after a student drops
below six credit hours.
Complete the Free Application for Federal Student Aid (FAFSA). See
Apply for Financial Aid. If you list Ohio
Dominican University on the application (school code 003035), we will receive your
results electronically. An award letter will be sent to you after we receive your FAFSA
results. If you are awarded a Stafford Loan on your award letter, we will automatically
process the loan for you. If you do not wish to borrow a student loan, just contact our
office and we will cancel it. It's that easy.
If you have never borrowed a student loan as an Ohio Dominican University student,
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 at
Entrance Loan Counseling.
Also, if you are a first-time borrower, you will need to complete a
Master Promissory Note (MPN).
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
