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Financial Aid Information
The College of Veterinary Medicine and The Office of Student Financial Aid at The Ohio State University are committed to providing help and information to our students with the financial aid process. The financial aid awarding philosophy of The College of Veterinary Medicine also reflects the College's commitment to provide financial aid assistance to students in the form of scholarships, grants, and loans whenever possible. This site summarizes the application process as well as other important information concerning financial aid which is available for students enrolled in the CVM at The Ohio State University.
All students wishing to apply for financial aid each year should complete the FAFSA or the Renewal FAFSA at http://www.fafsa.ed.gov/ by the priority processing date of Feb. 15th. Students can apply after this date, but doing so will delay the financial aid award notification, and may also limit the amount and types of financial aid awarded.
Before filing the FAFSA, you must have a Personal Identification Number (PIN). You will need your Federal Student Aid PIN to access and sign the online Free Application for Federal Student Aid (FAFSA) or your Renewal FAFSA. If you do not have a PIN, apply for one at the pin website.
When completing the FAFSA, be sure to list Ohio State University as one of your school choices. Our federal school code is 003090.
Please note: You may not be informed of your admission decision prior to the financial aid priority deadline . You should, however, still apply for financial aid by the priority deadline. New incoming students will be emailed financial aid award information to their OSU e-mail account by July 1. Students in the 2nd, 3rd, and 4th years of study are notified via email in April to early June of each year.
By completing the FAFSA, you will be considered for the following types of aid:
- Certain Need-Based Scholarships and Grants
- Health Professions Student Loan (HPSL)
- Unsubsidized Stafford Loan
- Graduate PLUS Loan
Types of Financial Aid
Scholarships and Grants are monies that do not need to be repaid after graduation or at anytime. Students are notified about the availability of scholarships/grants via e-mail, fliers, and personal contact. All CVM students are strongly encouraged to take advantage of all available scholarship opportunities to help minimize their loan debt load.
The CVM Scholarship Committee and donors have established a system to spread resources to the students.
Some of the scholarships are awarded specifically by the College considering:
- city, county, state where you attended high school
- reasons for pursuing a DVM degree
- species-oriented interests in veterinary medicine
If you have questions about these scholarships, please contact The College of Veterinary Medicine Office of Professional Support at (614) 292-1171.
Many scholarships are awarded by the Office of Student Financial Aid and are open to students in all disciplines at OSU. If you have questions concerning these scholarships, please visit http://sfa.osu.edu/scholarships.
For scholarships open to applicants from any University in the nation, please visit fastweb.com.
Loans are monies that must be repaid after graduation or after withdrawing from the University or after ceasing to be enrolled at least half time. For more detailed information on loans, please visit www.sfa.osu.edu/loans or the federal website at http://studentaid.ed.gov.
There are three types of federal loans offered to students in the College of Veterinary Medicine. These include the Stafford Loan, Health Professions Student Loan, and the Grad/Plus Loan.
Since The Ohio State University participates in the William D. Ford Federal Direct Stafford Loan Program, there is no need to secure a loan application from personal lenders for the Stafford Loan. Unsubsidized Stafford Loans carry a 6.21 fixed interest rate for loans disbursed after July 1st, 2014, and do not need to be repaid until 6 months after graduation or withdrawing from the University or dropping below half time enrollment. Interest IS accruing on the Unsubsidized Stafford Loan from the time of disbursement. Please visit http://www.sfa.osu.edu/loans or http://studentaid.ed.gov/ for maximum amounts that may be borrowed from the Stafford Loan program. These sites also list repayment terms.
The Health Professions Student Loan (HPSL) has a fixed 5.0 interest rate and repayment does not begin until 12 months after graduation or withdrawal from the University or after dropping below full-time status. Interest is NOT accuring on the HPSL while enrolled at least full time and for 12 months after graduation. To be considered for this loan, students must provide parent income information on the FAFSA regardless of dependency status or marital status.
The Direct Grad/PLUS Loan carries a fixed 7.21 interest rate for loans disbursed after July 1st, 2014, and repayment begins after the last disbursement of the loan or withdrawal from the University or after dropping below half time status. However, if you are a graduate or professional student, your loan will be placed into deferment while you are enrolled at least halftime for an additional six months after you cease to be enrolled halftime or after you graduate. Interest IS accruing from the date of disbursement for this loan. Please visit studentaid.ed.gov or www.sfa.osu.edu/loans for more information.A credit check is required during the application process for the Grad/Plus Loan. If there is an adverse credit history, an endorser may be used.
The Ohio State University is very concerned about the issue of loan indebtedness since repayment of student loans may significantly impact the career option that you may consider. Students are encouraged to consider the consequences of borrowing by projecting the percentage of income that will be devoted to loan repayments. You are encouraged to visit this web site to calculate the monthly repayment of loans: www.finaid.org/calculators. You should also visit http://studentaid.ed.gov for all repayment options including the Income Based Repayment Plan (IBR), Pay as you Earn Plan (PAYE), and the Public Service Loan Forgiveness Plan (PSLF).