Emergency

The Short and Long Term University Emergency Loans are designed for students who anticipate a temporary cash flow problem because they encounter an unexpected financial difficulty related to educational expense.

Short Term 
Amount depends on your difficulty in paying an educationally related expense. This loan must be repaid within 90 days.  You may only have one outstanding loan at a time.

Interest rate = 7%
Minimum = $100
Maximum = $500

Long Term
Eligibility determined by your cost of attendance minus your other financial aid. 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.

Interest rate = 7% 
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.