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Whether you receive a grant, loan or scholarship, financial aid for school comes with important obligations. Be sure you know your choices, your eligibility and your responsibilities.
  • Types of Financial Aid
    Federal Pell Grant

    A Federal Pell Grant is an award to help high-need undergraduate students pay for their education. Eligibility for a Federal Pell Grant is determined by the Expected Family Contribution (EFC) calculated from the Free Application for Federal Student Aid (FAFSA). An EFC must be 5157 or lower for a student to be eligible to receive a Federal Pell Grant.

    Ohio College Opportunity Grant

    An Ohio College Opportunity Grant is a state grant awarded by the Ohio Board of Regents to high-need undergraduate students. Eligibility requirements for the grant state that the student must:
    • be an Ohio resident;
    • be Pell eligible with an Estimated Family Contribution (EFC) of 2190 or below;
    • have a total household income of $75,000 or less; and
    • and be enrolled as a full-time student.
    The Ohio College Opportunity Grant is awarded to qualified students in the summer, fall and spring as long as they meet the required university enrollment criteria. This grant may only be applied to tuition and general fees.

    Direct Loans

    Direct Loans are guaranteed low-interest loans for undergraduate and graduate students attending school at least half-time. Subsidized loans are available to students who qualify based on need. Unsubsidized loans are not based on need or income. Therefore, students and families of all income levels have access to federally guaranteed funds for college. Eligibility is determined both by need and the number of transfer credit hours a student transfers into the program or number of credit hours earned.

    Credit Hours Subsidized Unsubsidized Total
    Freshman 0-23 $3,500 $6,000 $9,500
    Sophomore 24-55
    $4,500 $6,000 $10,500
    Junior 56-87 $5,500 $7,000 $12,500
    Senior 88-124 $5,500 $7,000 $12,500
    Graduate 125+ - $20,500 $20,500

    **Dependent students are only eligible for subsidized loan amounts and partial unsubsidized loan amounts.

    ***Graduate students are only eligible for direct unsubsidized loans.

  • Alternative Loans & Resources
    The following is important information for students planning to borrow a private education loan.

    Because of new federal regulations, the time that it takes to process a private education loan has increased. Lenders are now required to collect more paperwork from you. For your private loan to be processed on time, you must begin the application process sooner than in the past. 

    For information on private education loans (alternative loans), please see the FastChoice website

    The lenders and loan options presented 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 in FASTChoice. 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).

    Students are welcome and encouraged to search for scholarships and grants. A good search to use is www.fastweb.com.

    Other outside scholarship information can be found here
  • Eligibility Factors & Policies

    Attendance Policy

    Attendance is required for each class session. If a student misses a class session, the student is required to clarify his/her academic plan through correspondence with his/her academic advisor. Failure to clarify an academic plan with an academic advisor may result in a withdrawal from the program.

    In accordance with Federal regulations, the allowable time frame that a student is allowed to be out of attendance from the end of one course to the start of the next is 45 days. If a student has a break in attendance that is greater than 45 days, the student may have the option of one of the following:

    • Filling the "break" with an elective course
    • Applying for a Leave of Absence per ODU’s Leave of Absence Policy
    • Withdrawing from Ohio Dominican University

    Financial Aid Standards of Progress

    Federal regulations require Ohio Dominican University to establish Satisfactory Academic Progress (SAP) standards for student financial aid recipients. Ohio Dominican's SAP Policy measures a student's performance in the following three areas: completion rate, cumulative grade point average (GPA), and maximum timeframe. Please refer to the SAP Policy for additional information.

    Schedule Changes

    Any alterations to an academic schedule, additions and/or deletions may affect a student's financial aid eligibility. It is the student's responsibility to make arrangements with the Adult & Continuing Education Financial Aid Office to determine how this change may affect their financial aid.

    Course Failure

    If a student receiving financial aid fails a course, the student's financial aid award letter will be revised. Per Federal regulations, all students must successfully complete all required credit hours for each disbursement before he or she will be entitled to receive a new disbursement of financial aid funds.

    Withdrawal

    If a student withdraws or is withdrawn from the university, the Financial Aid Office will complete a return of funds calculation to determine the amount of financial aid funds the student is eligible to keep. Based on the calculation loan, funds may need to be returned.

    The financial aid office has 30 days to complete a return of funds calculation. Once the calculation is complete, the student will be contacted by the Adult & Continuing Education Business Office in regards to their current account status. Please refer to the Return of Funds Policy for additional information.

    Traditional & Online Classes

    Due to the nature of financial aid that is awarded to Adult & Continuing Education students, traditional and online courses may or may NOT be covered by financial aid. If students have questions about a specific course they must contact the Adult & Continuing Education Financial Aid Office.

    Please note all courses taken outside of the Adult & Continuing Education program will be charged at the current Ohio Dominican traditional tuition rate. It is the student's responsibility to make payment arrangements for these courses with the Adult & Continuing Education Office.

    Previous Student Loans

    If a student borrowed loans that he/she is still repaying, the student has the option of continuing to repay the loans or place the loans in deferment while he/she is enrolled full-time in the Adult & Continuing Education program.

    If a student would like to suspend their loan payments, he /she will need to contact the lender or guarantee agency to learn how to place the loans in deferment. If a student needs verification of enrollment for deferment purposes, he/she should contact ODU’s Registrar Office at (614) 251-4650.

    Financial Aid Office Code of Conduct

    To review ODU's Code of Conduct, please see the Financial Aid Office Code of Conduct.