Prospective Students

University-Administered Loans

University-Administered Loan Options 

College of Dentistry students are considered for university-administered loans, such as the Health Professions Student Loan (HPSL), the OSU Loan in Dentistry, and the Snyder Memorial Loan through completion of the FAFSA (Free Application for Federal Student Aid). Even though professional students are considered independent on the FAFSA, they must supply parental information in order to be considered for these loan options. All university-administered loans are subsidized and offer deferred repayment while students are enrolled at OSU. Please see the loan comparison chart below for details on each loan:

 

Health Professions Student Loan (HPSL)

OSU Loan in Dentistry

Snyder Memorial Loan

Application Process

Completion of FAFSA with parental information

Completion of FAFSA with parental information

Completion of FAFSA with parental information

Credit Check Required

No

No

No

Endorser/Co-Signor Required

No

No

No

Interest Rate

5% fixed

7% fixed

7% fixed

Maximum Annual Award Offer

D1: $4,600

D2-D4: $10,500

D1: $650

D2-D4: $2,000

D1: $4,600

D2-D4: $10,000

Lifetime Borrowing Limit

No maximum

$4,000

$40,000

Loan Repayment

Begins 12 months after graduating, dropping below full-time status, or separating from the University

Begins 6 months after graduating, dropping below half-time status, or separating from the University

Begins 6 months after graduating, dropping below half-time status, or separating from the University

To be considered for university-administered loans, students must complete the FAFSA, including parental information, no later than February 15 prior to the beginning of the academic year. Loan offers are communicated to students through the Award Summary portion of their online Student Center. In order for students to have loans applied to their account, they must first complete the necessary acceptance steps:

*The self-certification forms serve as acceptance. Students cannot accept these loans online.

Unlike the federal loans, both the self-certification form and promissory note have to be completed each academic year. These are only valid for one year. Forms can be submitted in-person, faxed, or emailed to Dentistry Financial Aid.