Loan Options

Loans are a common means of financing education, providing individuals with the necessary funds to cover tuition, living expenses, and other related costs. Unlike scholarships, loans require repayment, typically with interest. Government-sponsored loans, such as federal student loans, often offer favorable terms and flexible repayment options. Private loans, provided by financial institutions, may also be an option, but careful consideration of interest rates and terms is essential.

Comparing loan options

  Federal Direct 
Unsubsidized Loan		 Federal Direct 
Graduate PLUS Loan		 Health Professions 
Student Loan		 Private Loans
Application Process Complete the FAFSA Complete the FAFSA and online application Complete the FAFSA by February 1 and 2026-2027 Health Professions Application found in ScholarshipUniverse by the priority deadline of March 15. Application process varies by lender. You may use ELM Select to compare
lenders.
Credit Check Required No Yes (Endorser may be used if credit check is denied) No  Yes
Annual Borrowing Limit  V1: $50,000
V2-V3: $40,500
V4: $47,167		 Only available to V2-V4, up to remaining Cost of Attendance (COA), after accounting for all other aid Amount varies each year  Up to remaining Cost of Attendance (COA), after accounting for all other aid
Interest Rate & Terms

7.84%

Interest accrues while in school

8.94%

Interest accrues while in school

5%

Interest does NOT accrue while in school

 Varies by lender

Contacting CVM Financial Aid Advisor

Due to FERPA regulations, you must send any financial aid-related emails from your OSU email address. If you send a question or request from any other address, you will be asked to resend it properly. You can expect a response within 24-48 hours. During peak times (May, August, September and January ), please allow additional time for your question to be answered.

Emily Gonzalez
614-247-8778
cvm-dvmfinancialaid@osu.edu