Financial Aid Contact:
1441 N. Cable Rd.
Lima, Ohio 45805
Attn: Office of Financial Aid
Phone: (419) 998-3140
Fax: (419) 998-3191
Types of Aid Available Home
Colleges of: Business, Health Professions, & Occupational Professions Scholarships
College of Applied Technologies 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):
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 FSA User ID. Entrance Counseling is another step that requires the student to answer questions about your loan obligations. When the US Department of Education has your MPN and the Entrance Counseling has been satisfied, they will be able to send funds to your account on the date the University may request them. The MPN and Entrance Counseling 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.
Loan processing fees which may be deducted by the government are up to 1.073% for Federal Direct Student loans disbursed after December 1, 2013.
Click here to apply online: Federal Direct Student Loan
Students who are first-time borrowers of the Federal Direct Student Loan beginning on or after the November 2014 session and the Winter 2015 quarter are required to have their first-term disbursement no earlier than 30 days after the start of your academic program.
In addition, when any Federal Direct loan period during a student’s program of study must be set up to cover only one term of attendance, the Federal government requires that the loan funds are to be disbursed twice during the term. Half of the loan amount will be at the normal disbursement time and the over half of the disbursement will be at the mid-point of the term.
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 4.292% for Federal Direct Parent Plus loans disbursed after December 1, 2013. 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 FSA User ID. 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.
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.
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.
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.