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Office of Enrollment Services
Student Financial Aid
P.O. Box 183029
Columbus, OH 43218-3029
(614) 292-0300 | (800) 678-6440
Applying for Financial Aid for MBOE Students
HOW TO APPLY FOR FINANCIAL AID
The Free Application for Federal Student Aid (FAFSA) is your application for federal financial aid available online at
www.fafsa.ed.gov. Be sure to add The Ohio State University’s Federal School Code, 003090, to your School Selections.
Your signature is required to complete the FAFSA. You may sign electronically using your Federal Student Aid PIN. To
obtain a new PIN or request a duplicate, visit www.pin.ed.gov.
ONCE THE FAFSA IS SUBMITTED
You will receive a Student Aid Report (SAR) from the U.S. Department of Education via email within a week of completing
the FAFSA. Review your SAR for accuracy and retain a copy for your records. Corrections to your income, asset, or
household information can be made at www.fafsa.ed.gov.
The Student Financial Aid Office strongly advises all students to monitor their OSU email account and Student Center
regularly. The Student Center can be located at http://buckeyelink.osu.edu. All Financial Aid information is visible on your
Student Center page by selecting “View Financial Aid” under the “Finances” heading and selecting the current aid year.
Within the “View Financial Aid” section, you will find the “To Do List” tab. Notifications and request for information will be
emailed and posted to your “To Do List”. Please adhere to posted due dates to avoid delays in your aid package.
FINANCIAL AID AWARDS
Federal Direct Unsubsidized (Unsub) Stafford Loan: The annual borrowing limit for the Unsub loan is $20,500 per
academic year. This non-need based loan carries a 5.41 percent interest rate that accrues while you are enrolled and also
has a 1.072 percent loan fee. Repayment begins six months after graduation or falling below half-time.
Additional options available to Graduate Students include the Federal Direct PLUS Loan for Graduate and
Graduate/Professional Students and Private (Alternative) Loans.
Federal Direct PLUS Loan for Graduate and Graduate/Professional Students: This is an additional loan based on
educational cost for credit worthy applicants. The maximum Graduate PLUS Loan you may borrow per academic year is
equal to your cost of attendance minus any other financial aid or tuition assistance (including the Unsub Loan). The loan
includes a 6.41 percent interest rate that will accrue while you are enrolled and a 4.288 percent loan fee. In addition to the
FAFSA, you must complete a separate application and pass a mandatory credit check for Graduate PLUS consideration.
To print the Graduate PLUS application or for more information, visit http://sfa.osu.edu/loans/index.asp?tab=gradplus.
Private (Alternative) Loans are credit-based loans funded by various lenders. The maximum amount that can be
borrowed in an academic year is the student’s cost of attendance minus all other financial aid or tuition assistance.
Amount of loan fees, interest rates, and repayment terms will vary. The Ohio State University does not endorse any
private educational loan lender or lending program, however, to make the process of comparing lender information easier,
we recommend using FASTChoice: a loan comparison tool. Borrowers may choose any eligible, participating lender
regardless of whether it appears on our lender list on FASTChoice. For more information on Alternative Loans, visit
http://sfa.osu.edu/loans/index.asp?tab=g.
AID DISBURSEMENT
Loans must be accepted through your Student Center by selecting the “Award Summary” tab in the “View Financial Aid”
section. Prior to disbursing, Entrance Counseling is required for the Unsub Loan and a signed electronic Promissory Note
is required for either the Unsub or Graduate PLUS. Links to both the Entrance Counseling and Promissory Notes will be
posted to your “To Do List”.
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Aid is disbursed 7 to 10 days before the 1 day of classes for each semester. All funds are issued directly to you via a
mailed check or direct deposit. To have the funds automatically deposited into your personal bank account, you can sign
up for direct deposit through your Student Service Center by navigating to the “Account Refund” link under the “Finances”
section.
OSU EMPLOYEES
The Faculty and Staff Tuition Assistance Program pays for Instructional, General, and non-Ohio resident fees only, up
to $9,640 per semester. Dependent fee waivers will cover up to $4,820 of tuition fees per semester.
You are responsible for the difference between the university’s approved tuition assistance benefit and the total fees
associated with taking courses at Ohio State. If you choose to use Financial Aid to cover the remaining costs, the
maximum amount of Unsubsidized, Graduate PLUS, or Private Loans you may borrow (per academic year) is equal to
your cost of attendance minus the amount of your employee benefit waiver.
(More information on OSU Employee Benefits can be found at http://hr.osu.edu/hrpubs/ben/fs-tuitionfs.pdf)
FINANCIAL AID IMPORTANT DATES
1 s t Ac a d e m i c Y e a r
Spring 2015
Complete t he 201 4 – 20 15 F AF SA b y Dece mber 1 st ! ( See HO W T O APPL Y FO R F INANCIAL AID)
Approximate Date of Direct Deposit:
2 n d Ac a d e m i c Y e a r
12/30/14
Payment Due:
12/30/2014
Complete yo ur 2015 – 2016 F AF SA b y Februa ry 15 t h! ( See HO W T O APPL Y FOR F INANCIAL AID)
Summer 2015
Approximate Date of Direct Deposit:
04/30/15
Payment Due:
06/09/2015
Autumn 2015
Approximate Date of Direct Deposit:
08/20/15
Payment Due:
08/20/2015
MBOE SCHEDULE
1 s t Ac a d e m i c Y e a r
$ 2 0 , 5 0 0 Aw a r d e d i n S t a f f o r d U n s u b L o a n s f o r 2 0 1 4 – 2 0 1 5
Spring 2015
Tuition Due:
$16,667
Stafford Loan:
1 st Ye ar Tota l
Tuition Due:
$16,667
Stafford Loan:
2 n d Ac a d e m i c Y e a r
Minus Origination Fees
Minus Origination Fees
$20,250
Difference
($3,583)
$20,250
Difference
(3,583)
$ 2 0 , 5 0 0 Aw a r d e d i n S t a f f o r d U n s u b L o a n s f o r 2 0 1 5 – 2 0 1 6
Summer 2015
Tuition Due:
$16,667
Stafford Loan:
Autumn 2015
Tuition Due:
$16,666
Stafford Loan:
2nd Year Total
Tuition Due:
$33,333
Stafford Loan:
Minus Origination Fees
Minus Origination Fees
Minus Origination Fees
$10,100
Difference
$6,567
$10,100
Difference
$6,566
$20,200
Difference
$13,133
* Amount s and date s listed in tab le sub jec t to change
MBOE Financial Aid Contact(s)
Kevin Towns
Student Financial Aid Program Coordinator
Email: [email protected]
Phone: (614)688-3899
Fax: (614)688-3888
Kelsey Conklin
Student Financial Aid Staff Assistant
Email: [email protected]
Phone: (614)292-6836