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Loans

There are a variety of loan programs available to nursing students. Please keep in mind that loans accrue interest and must be repaid either while attending school, after you graduate or after withdrawing from the university. Visit the Student Financial Aid website for more information on loans. If you would like to contact a financial aid counselor for assistance, you can do so through Buckeye Link.

During Spring Semester there may be students whose financial aid goes into repayment because the projected graduation date is automatically calculated by the system based on a student’s rank. Graduate students are given one full year to graduate, so the system expects students to graduate after a year. When a student does not apply to graduate the semester the system expects them to, the system will automatically give them another year once they enroll for the upcoming term and pay their fees. Electronic notification of the new projected graduation date is sent to the lender, which corrects the date in their system as well. In most cases the students have already received a letter from the lender saying they are going into repayment, however. As long as the student has enrolled for the upcoming term and paid his or her fees the situation will automatically be resolved.

To manually resolve the situation, an Enrollment Verification Form, which has the corrected projected graduation verification date, can be downloaded from Buckeye Link to send to the lender. To print the form log into Buckeye Link, select Records and Enrollment, then select Enrollment Verification.

 

Satisfactory Academic Progress (SAP) Notification and Appeal Process

Satisfactory Academic Progress is monitored by the Office of Student Financial Aid and regulated by the federal government to ensure students obtain their graduate degrees within 90 credit hours, that they successfully complete 67% of their attempted hours, and they maintain a 3.0 GPA to receive financial aid.

Upon receiving the SAP warning, the next steps are based upon whether this is your first warning for credit hours or a warning for GPA. If this is your first warning for credit hours, please follow the steps outlined below. If you received multiple SAP warnings or a warning for GPA, please file the SAP appeal form.

For those receiving their first SAP appeal for credit hours, email your Graduate Program Manager (GPM) the following information. The GPM will submit the information to financial aid on your behalf. Please send the answers to the following questions: 

  • OSU name.#
  • Is this your first SAP warning for maximum time frame?
  • What is your program?
  • What is your specialty track?
  • Semester of admission (i.e. summer 2023)
  • How many credit hours do you have left to take?  Include any minors, specializations, or elective classes.