Incoming First Year Students

Each year, you must complete the Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA.

File your 2008-2009 FAFSA no later than April 1,
2008 to prevent your financial aid being delayed.

To file a FAFSA or renewal FAFSA, you need a Personal Identification number (PIN) or Electronic Access Code (EAC).

PIN numbers were sent in December for those who filed a FAFSA last year. If you did not receive it, or are filing for the first time, you may request a new PIN or have your PIN re-mailed to you.

It is important to read the instructions before completing your FAFSA as it should answer most of your questions. If you still need assistance, please call:

• 1-800-4-FED-AID (1-800-433-3243)
• or contact the Student Affairs Office

OSU-COM’s Title IV School Code is G11282. This code must be listed on the FAFSA section for your information to be sent to the school. Failure to use this code could greatly delay your aid.

The federal government processes your FAFSA and electronically sends the results to the Office of Student Affairs, provided you listed us as one of the schools to receive the results.

You will receive a Student Aid Report (SAR) via email shortly after the federal processor receives your FAFSA.

• review the SAR
• make any corrections (follow instructions listed)
• keep a copy for your records

The data you put on your FAFSA is put through a needs analysis formula called the Federal Methodology. The output of this formula is called the Expected Family Contribution (EFC). The lower your EFC, the more financial need you have.

We must have the results of your 2008-2009 FAFSA or Renewal FAFSA by April 1, 2008 for you to be considered first-priority for federal campus-based aid.

For the college to receive the results of your FAFSA by our first-priority deadline, we strongly recommend that you file your FAFSA by March 1, 2008 so that we will have your data back by April 1, 2008.

If you cannot or do not file your FAFSA by our first-priority deadline, file as soon as you can to be considered for the Federal Subsidized and Unsubsidized Stafford Loans.

Keep copies of all federal income tax returns. It is possible that the Office of Student Affairs may need signed copies of your tax returns along with other information to complete the verification process.

It is your responsibility to make certain the information reported on the FAFSA is correct. If you filed your FAFSA using estimated financial information and corrections are necessary, please make the needed changes when you receive your paper SAR and return to Central Processing Unit for re-processing.

Our philosophy is to package aid according to federal standards and guidelines with the best interest of the student in mind. However, all students receiving assistance from sources other than this office must notify the financial aid office so the necessary adjustments can be made to the student aid package.

If other campus-based aid is granted after the student receives notification from this office, that student’s aid package will be adjusted accordingly.

An award letter is sent to every accepted student who completed the FAFSA. This letter states the amount of your loan eligibility.

To request this loan you must first choose a lender from the Lender List. Please research the different borrower benefits each one has to offer and choose a lender that best fits your need.

If you have a lending relationship with another lender and wish to continue that relationship please obtain their information and we will be glad to process your request. If you have previous loans you should know who is servicing that loan i.e. SallieMae, Nelnet etc.

We will guide you to one of our lenders that are serviced by the same company which will make your repayment time much easier by having all your loans with one servicer.

Select a lender and complete their application process. You will be instructed to complete a Master Promissory Note using an electronic signature. This will be the only Stafford promissory note you will complete unless you change lenders during your medical education.

First time borrowers at OSU-CHS will need to complete an Entrance Interview for the Stafford loan and the Perkins loan if applicable.

All students must return the Loan Certification Form to the Student Affairs Office! There is one for each year.

MSI - Loan Certification Form
MSII - Loan Certification Form
MSIII - Loan Certification Form
MSIV - Loan Certification Form
Graduate Students Loan Certification Form
Graduate Students Loan Certification Form - Summer 2008

The loan certification form is used to declare with the financial aid office how much money is requested and if you will be receiving any outside aid such as a Military Scholarship, Indian Health Scholarship, National Health Service Corp.

All new borrowers and current borrowers who are not set up on direct deposit must return the Title IV Authorization and the Direct Deposit Authorization Form to the Student Affairs Office. These forms allow the business office to pay your tuition and fees from your loan proceeds and then deposit your funds directly into your checking account.

If you choose not to have Direct Deposit, your funds will be delivered by check and may take up to two weeks for delivery. Disbursement is made in two equal payments: Fall and Spring.