Financial Aid Contact:
1441 N. Cable Rd.
Lima, Ohio 45805
Attn: Office of Financial Aid

Phone: (419) 998-3140
Fax: (419) 998-3191
financialaid@unoh.edu

Financial Aid - Types of Aid

Loans

Types of Aid Available Home
Grants
Loans
Employment
Scholarships
    Colleges of: Business, Health Professions, & Occupational Professions Scholarships
    College of Applied Technologies Scholarships
    University Scholarships
    Outside Scholarships
Maintaining Financial Aid

There are three types of loans available to students and families. Loans must be repaid. Separate applications/promissory notes are required for each. This page outlines the differences and will walk you through the application steps.

Follow the instructions below to apply for, choose a lender, and complete Promissory Notes for Student or Parent Loan(s):

Federal Direct Student Loan and the Master Promissory Note:

step 2

There are two types of Federal Direct Student loans: subsidized and unsubsidized. The differences are outlined below and identify the required application steps.

First, you must have filed a FAFSA and submitted any additional documentation required by the US Department of Education or the University of Northwestern Ohio. After receiving an Award Notice, you will have to accept the Federal Direct Student Loan to fund the loan.

All students at the University of Northwestern Ohio who have not previously used the Federal Direct Student Loan will have to sign a Master Promissory Note (MPN) and complete Entrance Counseling for Federal Direct Student loans. You will need to electronically sign and date your MPN with your Federal PIN number. When the US Department of Education has your MPN, they will be able to send funds to your account on the date the University may request them. The MPN covers all of your Federal Direct Student loans during your attendance at the University of Northwestern Ohio and can be completed on-line. It is valid for a period of up to 10 years. In order to complete the MPN, you'll need to provide addresses and other contact information for two references, as well as demographic information about yourself.

There are two types of Federal Direct Student loans: subsidized and unsubsidized. Loan processing fees which may be deducted by the government are up to 1% for Federal Direct Student loans.

Subsidized Direct Student loans are available to students who demonstrate financial need. The federal government pays the interest on these loans while the student is enrolled in college and during their six-month grace period.
Unsubsidized Direct Student loans are non-need-based loans. The student is responsible for the interest that accrues starting when the government disburses the loan. However, students may elect not to pay the accrued interest on these loans while they are in school, but in that case, the interest would be capitalized, or added to the principal balance of the loan in repayment.
The Office of Financial Aid will certify the maximum loan amount noted on Your Electronic Award unless written notification is provided to us.

Click here to apply online: Federal Direct Student Loan

Federal Parent Direct PLUS Loan and the Master Promissory Note:

step 2

The Federal Direct Parent PLUS Loan is a low interest loan that parents of undergraduate, dependent students may borrow. Loan processing fees which may be deducted by the government are up to 4% for Federal Direct Parent Plus loans. A family can fund the entire cost of their child's education per year from this program minus other financial aid.

If a parent wishes to use a Federal Direct Parent PLUS Loan, they will have to both sign a Master Promissory Note (MPN) and request an amount on the Federal Direct Loan Web site by starting the PLUS application process. The parent will need to electronically sign and date the MPN with their Federal PIN number. When the US Department of Education has the parent's MPN, they will be able to send funds to the student's account on the date the University may request them. The MPN covers all of the Federal Parent PLUS loans during your student's attendance at the University of Northwestern Ohio and can be completed on-line. It is valid for a period of up to 10 years. In order to complete the MPN, you'll need to provide addresses and other contact information for two references, as well as some general information about yourself.

Click here to e-sign the MPN with your Federal PIN number and request an amount on the Federal Direct Loan web site: Federal Direct Parent Loan
Please forward any additional paperwork you may wish to provide to the Financial Aid Office for further processing either by fax (419) 998-3191 or mail to the University of Northwestern Ohio, 1441 N. Cable Road, Lima, OH 45805 Attention: Office of Financial Aid.

Private Loan and the Promissory Note:

step 2

For students seeking a private loan to pay the remaining cost after financial aid, a separate application and promissory note will be required by the lender. It is the student's responsibility to contact their lender and complete their application and promissory note. A family can fund the entire cost of their child's education from this program minus other financial aid.

At the University of Northwestern Ohio, a student can complete these requirements on-line through lenders presented on FASTChoice to cover any remaining educational costs. These loans generally are based on creditworthiness of the borrower and cosigner and may not be automatically approved.

Attention College of Technology Students:
Each academic year when applying for your initial Private Student Loan, please request the amount needed for the first four sessions of your attendance.

In order to continue receiving Private Student Loan funds please note there is a "Private Loan Review" which will be required after the fourth session. This review allows students to determine if lesser or additional amounts will be needed from the Private Student Loan program for the remaining portion of the academic year. You will receive a letter of notification when it is time to apply for the second Private Student Loan. The application procedure for this second Private Student Loan will be the same as your initial Private Student Loan.

For students who wish to apply for a Private Student Loan(s) with benefits as noted from lenders presented on FASTChoice Loan programs website, please click here: Electronic Private Student Loan.
For students who wish to apply for these funds from other lenders, please contact the lender and follow their application procedure.

Please forward any completed loan applications or paperwork to the Financial Aid Office for further processing either by fax (419) 998-3191 or mail to the University of Northwestern Ohio, 1441 N. Cable Road, Lima, OH 45805 Attention: Office of Financial Aid.