loans
 
When borrowing for the cost of education, there are a variety of loan options to consider. The following information describes the options available for undergraduate and graduate students and provides links for completing the necessary documentation.

 

Undergraduate 

Direct Subsidized and Unsubsidized Loans
These are loans available to students from the U.S. Department of Education. A FAFSA must be filed at www.fafsa.gov to qualify for Direct Subsidized and Unsubsidized Loans. If a FAFSA is filed, these loans will automatically be added to a student's financial aid award package based on eligibility per federal regulations. 

 

Direct Parent PLUS Loans
These are loans that a parent (or step-parent) can borrow on behalf of their student. A FAFSA must be filed at www.fafsa.gov in order to borrow a Direct Parent PLUS Loan. 

 

Private Student Loans
These loans are offered through private lenders. Private loans are in the student’s name, but require a cosigner and a credit check of the cosigner to determine eligibility. 

Visit ELMSelect to view a list of lenders used most frequently by our students. You are not limited to the lenders listed. We work with all private loan lenders. If you choose to work with a lender that is not listed, please notify us so we may process your loan promptly.

 

Private Parent Loans
Private parent loans are offered through private lenders. These are private loans that a parent or sponsor can borrow on behalf of a student and a credit check is used to determine eligibility. 

To learn more about the private parent loan lenders used most frequently by students and their families please visit ELMSelect. You are not limited to the lenders listed. We work with all private loan lenders. 

 

 

Graduate Students

Direct Unsubsidized Loans
These are loans available to students from the U.S. Department of Education. A FAFSA must be filed at www.fafsa.gov to qualify for Direct Unsubsidized Loans. If a FAFSA is filed, these loans will automatically be added to a student's financial aid award package based on eligibility per federal regulations. 

 

Direct Grad PLUS Loans
These are loans that a graduate student can borrow to assist with educational expenses. A FAFSA must be filed at www.fafsa.gov in order to borrow a Direct Grad PLUS Loan.

  • To learn more, visit studentaid.ed.gov/types/loans/plus
  • To apply, complete this form. Then, visit https://studentloans.gov/myDirectLoan/index.action, click on the Graduate/Professional Students tab and choose the option to "Apply for a PLUS Loan." You will use your student FSA ID to log in. Once the application is complete you will also need to choose the option to "Complete Loan Agreement for a PLUS loan (MPN)" and, if you haven't done so already, "Complete Entrance Counseling." If you do not yet have an ONU email account, please contact the financial aid office to apply.

 

Private Student Loans
These loans are offered through private lenders. Private loans are in the student’s name, but often require a cosigner and a credit check of the cosigner to determine eligibility.

Visit ELMSelect to view a list of lenders used most frequently by our graduate students (law studentsMSA students, or fifth- and sixth-year pharmacy students). You are not limited to the lenders listed. We work with all private loan lenders.