Student Financial Aid

Loan Programs

Health Professions Student Loan

The Health Professions Student Loan (HPSL) is a fixed-rate, low interest, need-based federal loan administered by The Ohio State University. Students enrolled full-time in the Colleges of Dentistry, Optometry, PHP Pharmacy, or Veterinary Medicine are eligible for Health Profession Student Loan consideration at OSU. Borrowers must be U.S. citizens or eligible non-citizens and meet all other requirements listed as Student Responsibilities.

According to federal regulations, Ohio State must take parent income and asset information into account, regardless of dependency status, when determining eligibility for the HPSL. However, Ohio State will not use the parent information provided by independent students to calculate eligibility for Direct Loans.

Application Process

To apply for a Health Professions Student Loan you must:

  • complete the FAFSA by your priority date.
  • include your parent information on the FAFSA (regardless of your dependency status).
  • list The Ohio State University school code (#003090) on the FAFSA.

How Much Will I Receive?

Health Professions Student Loan amounts may vary. They are awarded only to students who demonstrate financial need and meet awarding criteria. The amount of the loan cannot exceed the student’s unmet financial need. The amount of HPSL funds awarded to a student plus the amount of the student's Expected Family Contribution (EFC), including parent contribution, may not exceed the student's cost of attendance. There is no lifetime aggregate maximum under this program.

Please note: Due to limited funding, Ohio State may not be able to award the maximum Health Professions Loan allowable by program guidelines.

Repayment Terms

The HPSL interest rate is currently 5%. No interest accumulates while enrolled full-time or during the one-year grace period. Repayment of principal and interest begins twelve months after graduation, withdrawal, or the commencement of less than full-time enrollment. Borrowers may be allowed up to ten years for repayment of this loan.


What do I need to do to receive this award?

To accept this loan, review the loan terms on the Health Professions Student Loan Disclosure and Self-Certification, complete and sign the Self-Certification form, and return it to the financial aid representative at your college office.

If you accept this loan, you must complete and sign a promissory note. An e-mail notification will inform you when your electronic promissory note is available for your signature at the Office of Financial Services website. Once the note is completed and signed online, the funds will be disbursed into your account.

If you prefer to sign a paper note, the website will give you an option to request a paper copy, which will be mailed to the address you request. Once the note is completed, signed, and returned to The Office of the University Bursar, the funds will be disbursed into your account.

If you wish to decline or reduce the loan, you may contact the financial aid contact in your college office.

What do I need to do to keep this award?

Students may receive HPSL assistance as long as they continue to meet all eligibility criteria for receipt of federal aid.

Please note: If your FAFSA information changes as a result of verification, your award may change.

What is an online Exit Interview?

Students who graduate, withdraw, or drop below full-time enrollment are required to complete an exit interview to understand their rights and responsibilities and repayment terms.

To complete the Online Exit Interview, go to the The Office of Financial Services website and click on "Online Exit Interview" in the Quick Links menu.


First File the FAFSA