The interest is paid by the government while the student is enrolled at least half time. Repayment begins nine months after graduation or withdrawal. The loan is made available to full-time undergraduates, postbaccalaureat and graduate students with high financial need. The maximum loan amount per year at OSU depends on available funds. Payments and the length of the repayment period depend on the size of your debt with up to 10 years to repay.
Deferments are possible under certain conditions.
The subsidized Federal Direct Ford Loan is need-based with the government paying the interest on the loan while the student is enrolled . Students may choose to defer the interest by having it added to the principal, which is called capitalization. First time borrowers are required to attend an entrance counseling session prior to receiving the loan funds. Independent undergraduate and graduate students are eligible to borrow an additional Federal Direct Unsubsidized Ford Loan amount. Students interested in this loan must contact the Office of Finanical Aid and Scholarship to make a request.