University Short and Long Term Loans

The Short and Long Term University Loan is designed for students who anticipate a temporary cash flow problem or encounter an unexpected financial difficulty related to educational expenses.

Short Term. 

      Amount depends on Cost of Attendance and how much other financial aid you have received.  Earns interest (7%.)  This loan must be repaid within 90 days.  You may only have one outstanding loan at a time.

Minimum = $100

Maximum = $500

Long Term. 

      Amount depends on Cost of Attendance and how much other financial aid you have received.  Earns interest (7%.)  Repayment begins six months after graduating or withdrawing from OSU.  Minimum monthly payment is $50/month and all interest is due at first payment.    You may only have one per academic year.

Maximum = $1,000

Both the Short Term and Long Term loan take approximately 7-10 business days to process.

If you wish to pursue one of these options, contact the Financial Services office for assistance.