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Loans are awarded after your eligibility for grants, scholarships, and Federal Work-Study (FWS) is considered. Your financial aid package may include loans in the form of need based and/or non-need based financial aid.
Federal regulations place annual and aggregate (lifetime) limits on the amount a student can borrow. These limits include Federal Stafford Loans borrowed at other schools you have attended, as well as Direct Loans. The total amount borrowed in all programs combined (including Parent Loans) can't exceed your annual costs as determined by OSU, minus any other aid you will receive.
The annual loan limits are as follows:
Annual Loan Limits
|Dependent Undergraduate*||Base Amount||Additional Unsub|
|Independent Undergraduate||Base Amount||Additional Unsub|
*Undergraduate Dependent students whose parents are denied for the Parent Loan may be
eligible for the Independent Undergraduate loan limits.
Aggregate (Lifetime) Loan Limits
|Subsidized Limit||Overall Limit|
*Graduate limit includes both undergraduate Sub and Unsub loans.
You can view the total amount of federal loans you have borrowed on the National Student Loan Data System (NSLDS). The site displays information on your federal loan amounts, outstanding balances, loan status and loan servicer.
Need Based Loans
- Federal Direct Subsidized Stafford Loan (undergraduate students only)
Non-Need Based Loans
- Federal Direct Unsubsidized Stafford Loan
- Federal Direct Parent PLUS Loan (parents of dependent students)
- Federal Direct Graduate PLUS Loan (Graduate/Professional students)
More Loan Information