Below are a few of the issues that may affect you as a continuing OSU student and financial aid recipient. Be sure to check out the financial aid timeline to get timely tips on your financial aid responsibilities.
If you have been awarded a Ford loan, you are eligible for additional Ford loan funding as you progress through school. Depending on your credits and class standing, you will be able to receive different loan amounts. Below are the credit requirements and loan amounts:
| Class Standing | Credits | Loan Limit |
| Freshman | 0 - 44 | $3,500 |
| Sophomore | 45 - 89 | $4,500 |
| Junior/Senior | 90 - up | $5,500 |
If you change class standing in either fall or winter term, you may request that your loans be increased for the current academic year. Download the Loan Revision Form and return to the Office of Financial Aid and Scholarships for review.
As a financial aid recipient, you have a responsibility to maintain satisfactory academic progress. There are both quantitative and qualitative requirements to maintain. Below are some general requirements to maintain qualitative progress.
If you are a full-time undergraduate student attending during the fall, winter and spring terms you must complete 36 credits by the end of the year. This is an average of 12 credits per term. If you do not complete the required number of credits each term, you will be sent a warning letter that will notify you of the number of credits you are deficient. If you fail to complete the required number of credits for the year, you will receive a letter notifying you of the termination of your financial aid for subsequent terms/years.
In order to maintain quantitative progress, you must complete the degree that you are seeking within a specific amount of time. The government gives you financial aid eligibility for 150% of the published length of time (usually found in the general catalog)required to finish your degree. For example if you are seeking a bachelor's degree, the published length of the program is four years. You would be eligible for aid as an undergraduate student for six years.
You must apply for financial aid every year. Applications must be received before March 1 at the central processor to be considered for priority funding. If you applied for financial aid during the current year, you will receive a Personal Identification Number (PIN)from the central processor. You may use your PIN to apply for aid online after Jan. 1 for the following academic year.