Loans are financial aid that must be paid back with interest over time once you graduate, stop attending at least half time or leave college for any reason. IMPORTANT: You must accept or decline these awards. A few things to consider:

​Do you need the aid and, if so, how much?
Just because you qualify for a loan does not mean accepting it is a sound financial decision. You have the option to decline your aid package or accept only what you need or want to borrow. (For example, if you are offered two types of loans, you can choose to accept either or both and for the amount you choose.) To help you determine how much loan money you need, we have a few tools to help: 

​Decide which loan(s) are best for you. 
Your award package may include a variety of loan programs. It is important to understand the terms of each loan in determining what you decide to borrow. View federal loan options at-a-glance and see eligibility requirements below.

Eligibility requirements:

Federal Direct Unsubsidized Loans

This loan is NOT need-based. The amount you can borrow is based on your cost of attendance and other financial aid you receive. You are responsible for paying the interest once the funds have been used. 

Note: While you are in school, you will be given the option to pay the interest on these loans. If possible, we highly recommend you make these payments. Unpaid interest will be compounded into the principal once you leave school making the total amount of interest paid higher.

Federal Graduate PLUS Loans

Graduate students may also choose to take out a Federal Graduate PLUS Loan through the Department of Education to help with the cost of your education. If you file the FAFSA, you have the option to apply for Federal Graduate PLUS Loan as a part of your financial aid package. To complete the application process once you are awarded, you must apply for the Graduate PLUS Loan online. Read about eligibility criteria and terms.

Federal Perkins Loans

This low-interest federal loan is offered through The Ohio State University, and is need-based. Read about eligibility criteria and terms.

Long-Term University Loan

This loan program is to assist with temporary circumstances and is not intended to serve as a sustainable method of funding educational costs. To be considered for a Long-Term University Loan, students must contact Buckeye Link at 614-292-0300 or buckeyelink@osu.eduyour program​ or the financial aid office on your regional campus to determine eligibility and to submit an application.

Note: Consideration for this loan requires a meeting with a Financial Wellness Coach in the Office of Student Life's Student Wellness Center.

Short-Term University Assistance

Designed for students with a temporary cash flow problem or unexpected financial difficulty related to educational expenses as the result of extenuating circumstance. To be considered for Short-Term University Assistance, students must contact Buckeye Link at 614-292-0300 or buckeyelink@osu.edu, or the financial aid office on your regional campus to determine eligibility and to submit an application.