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Financial Aid FAQs
- How do I apply for Financial Aid at the Ohio State University?
- Who should complete the FAFSA?
- What is the deadline for completing the FAFSA?
- What if I completed the FAFSA last year?
- Why should I provide parent income information on the FAFSA when my parents provide no financial support for me, and I am independent?
- If I provide parent income information on the FAFSA, will this hurt my financial aid award package?
- When will I be notified of my financial award?
- When do I repay my student loans?
- Can I receive financial aid for my living expenses?
- How much will I have each term for living expenses?
- I am not a resident of Ohio. How can I establish Ohio Residency?
- Do you have any other suggestions for completing the FAFSA?
- Who do I contact if I need additional financial aid information?
How do I apply for Financial Aid at the Ohio State University?
Complete the FAFSA, Free Application for Federal Student Aid, online at http://www.fafsa.ed.gov/. By completing the FAFSA, you will be considered for certain scholarships/grants and all Stafford Unsubsidized Loans. You must also complete the FAFSA in order to be awarded the Health Professions Student Loan (HPSL) and the Grad/Plus Loan. You do NOT need to secure loan applications from independent banks in order to receive federal loans at Ohio State.
Who should complete the FAFSA?
Any applicant interested in applying for federal student aid and has been accepted to The Ohio State University College of Veterinary Medicine, or any applicant whose admissions application status is still marked as "deferred" as of the 1st of January should complete the FAFSA.
What is the deadline for completing the FAFSA?
The FAFSA may be submitted anytime AFTER January 1st. There is no deadline for completing the FAFSA. However, in order to be considered for ALL available funding, your FAFSA will need to be completed and submitted no later than February 15th.
What if I completed the FAFSA last year?
If you completed the FAFSA last year, you should receive a postcard from the Department of Education with FAFSA RENEWAL information. If not, you can still complete a new FAFSA at http://www.fafsa.ed.gov/.
Why should I provide parent income information on the FAFSA when my parents provide no financial support for me, and I am independent?
Providing parent information on the FAFSA is OPTIONAL and does not affect your dependency status. However, in order to be considered for the Health Professions Student Loan (HPSL) and certain other scholarships, the Federal Government requires parent information. The Health Professions Student Loan is a low interest loan that carries a 12-month grace period after graduation (compared to the 6-month grace period allowed by the Stafford Loan Program).
If I provide parent income information on the FAFSA, will this hurt my financial aid award package?
NO! If your parent income information is too high to make you eligible for the HSPL, it is just ignored! Providing parent income information can only help you; it can never hurt your financial aid packages. Again, providing parent income information is OPTIONAL!
When will I be notified of my financial aid award?
Award notifications are emailed to new incoming students before July 1st to your OSU e-mail account. Award notifications are e-mailed to students in their 2nd, 3rd and 4th year in late April or early June.
When do I repay my student loans?
Stafford Loans do not have to repaid until 6 months after you graduate or withdraw from the University or cease to be enrolled at least half-time. The Health Professions Student Loan (HPSL) does not have to be repaid until 12 months after you graduate or withdraw from the University or cease to be enrolled full-time. The Grad/Plus loan goes into repayment 6 months after you graduate or withdraw from the University or cease to be enrolled half time. Please visit http://sfa.osu.edu/loans for more information
Can I receive financial aid for my living expenses?
Yes! If you complete the FAFSA, you will be awarded enough financial aid to cover your entire cost of attendance while enrolled in the College of Veterinary Medicine. The University will keep out all tuition costs, and you will receive any remaining funds in your direct deposit account approximately 8-10 days before the start of each term. Direct deposits are made in August and late December (You will receive three direct deposits in the 4th year of study since you will be attending all 12 months).
How much will I have each term for living expenses?
This will depend on how much financial aid you are receiving and how much you have accepted in loans, etc. Tuition is charged 2 times each year for Autumn and Spring. Here is an example: Ima Buckeye has a cost of attendance of 50,000, and has been awarded 50,000 for the year in financial aid or 25,000 per term. His/her tuition for the entire year is 28,000 or 14,000 per term. If the tuition charge for Autumn is 15,000 and Ima has accepted 25,000 in financial aid, he/she has an average of 10,000 which he/she will receive for living expenses approximately 8-10 days before the start of each term and he/she can pay rent and other expenses with it as he/she chooses. The same thing will happen again in December for Spring term. Seniors will be eligible to receive three direct deposits during their 4th year of study since they are charged tuition three times during the last year.
I am not a resident of Ohio. How can I establish Ohio Residency?
As an out of state student, you can establish OHIO RESIDENCY if you meet certain requirements in your first year of enrollment. For additional information, visit http://registrar.osu.edu
Do you have any other suggestions for completing the FAFSA?
Do not leave any blanks on the FAFSA with your or your parents' information. If the answer is zero, then put "0." This is especially important in "Asset Information." Leaving blanks can hold up your financial aid processing.
Who do I contact if I need financial aid information?
For additional information, please contact Lauren Heatherly at heatherly [dot] 7 [at] osu [dot] edu