Financial Aid Information

Overview | FAFSA | Types of Financial Aid

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 sometimes complicated 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, loans, and work study whenever possible. This site summarizes the application process as well as other important information concerning the financial aid which is available for students enrolled in the CVM at The Ohio State University. If you have specific questions about financial aid while enrolled in the CVM, please contact Jane Woodland in the Office of Student Financial Aid at e-mail.

There are two sources online available to students that provide invaluable financial aid information. These include the student guide and the OSU Financial Aid web site

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The FAFSA

All students must apply for financial aid each year by submitting the FAFSA or the Renewal FAFSA at http://www.fafsa.edu.gov/ by the priority processing date of March 1. 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 of March 1. You should, however, still apply for financial aid by the priority deadline. Applicants are notified by the last week in June of their financial aid awards for the upcoming year. New incoming students will be mailed award letters to their home address with their financial aid information.  Students in the 2nd, 3rd, and 4th years of study are notified via email in late May or 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
• Work-study
• Health Professions Student Loan (HPSL)
• Subsidized Stafford Loan
• Unsubsidized Stafford Loan
• Additional Unsubsidized Stafford Loan
• Graduate PLUS Loan

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Types of Financial Aid

Scholarships/Grants

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 CVM Student Affairs at (614) 292-8831.

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.

Work Study

The Work Study program at OSU allows students to set up a flexible work schedule that is agreeable between them and their work supervisor.  Students are usually paid on a bi-weekly basis, and the paycheck is given directly to the student. If a student is awarded work study, and then does not work, they may request for these funds to be converted to loan funds. For more information, please visit http://www.sfa.osu.edu/jobs

Loans

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://www.dl.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. Stafford Subsidized and Unsubsidized Loans carry a 6.8 fixed interest rate, 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 NOT accruing on the Subsidized Stafford Loan while enrolled at least half time and for six months after graduation.  Interest IS accruing on the Unsubsidized Stafford Loan from the time of disbursement. Please visit http://www.sfa.osu.edu/loans or http://www.dl.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 Grad/PLUS Loan carries a fixed 7.9 interest rate, and repayment does not begin until 60 days after graduation or withdrawal from the University or after dropping below half time status. Interest IS accruing from the date of disbursement for this loan.

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.

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