Ohio Student Loans

Pretty young lady taking a decision with scale above her headThere are over 350 institutes of higher education in the state of Ohio. If you are looking to go to school in the Buckeye state, there are an assortment of grants, scholarships, and loans that can give you the financial aid you need.

Popular Schools in Ohio

Ohio is home to one of the five largest state university systems in the United States, with over 400,000 students in an average year. There are 13 state colleges and universities, 46 private colleges and universities, and a number of other vocational and technical schools. Students who go to school in Ohio benefit from the presence of some of the best-ranked public libraries in America, making the state a very attractive choice for higher education.

Forbes magazine included the following Ohio-based schools in their “Top 25 Best Midwest Colleges 2013”:

Oberlin College, for example, is known for its strong student to faculty ratio (11:1). Its distinguished Conservatory of Music is the “oldest continuing operating conservatory” in America, and it was the first school in the United States to accept African-Americans as students and to award women bachelor’s degrees. In 2007, Oberlin College was tapped by the Sustainable Endowment Institute for exercising environmental sustainability, using a plethora of renewable and ecofriendly means to save energy use. The college is also renowned for its liberal and progressive attitudes, being ranked as one of the 20 friendliest campuses for lesbian, gay, bisexual and transgender students in America by The Advocate.

Kenyon College in Gambier is the oldest private college in the state of Ohio. Looking at admissions statistics and interviews with faculty and students led Newsweek to name Kenyon College as one of “America’s 25 New Elite Ivies.” Speaking to Newsweek, the dean of admission and financial aid at the school said that applicants tend to have diverse intellectual interests. The small class sizes (an average of 14 students) encourage collaboration, not competitiveness. In addition to their regular course load, students are also required to show “basic competence” in a foreign language.

Located in Cleveland, Case Western Reserve University is known for having one of the top 50 undergraduate programs in the country (published in US News & World Report’s 2013 rankings). Sixteen individuals who went on to receive various Nobel accolades studied at, or graduated from, Case Western. The school has highly ranked programs in nursing, engineering, business, and medicine, and it benefits from the large number of museums in Cleveland, the second-largest city in Ohio (after Columbus, the capital).

Granville is home to Denison University, one of the top liberal arts universities in the United States, and the second oldest such school in the state. Denison has been recognized by the state of Ohio for actively promoting cultural diversity in its student body. Perhaps for this reason, Denison is also known for its good student loan packages — US News & World Report shows that nearly 52% of new students receive some form of need-based financial aid, and students have less debt upon graduation than at similar schools.

Finally, Columbus is where Ohio State University can be found. One of the top public universities, it is also one of the largest universities in America, with an undergraduate body of over 43,000, according to US News & World Report. It is best known for its schools of business, law, and political science. More than half of the (undergraduate) student body receives some form of financial aid.

Other schools of note in the state of Ohio include the College of Wooster (Wooster, Ohio), the University of Dayton (Dayton), and Xavier University (Cincinnati).

How to Get Student Loans in Ohio

Potential students looking to go to school in Ohio have a number of scholarship and other funding options available. Some of the financial aid possibilities include:

Some of programs available in Ohio, like the War Orphans Scholarship, the Ohio College Opportunity Grant Program for low to moderate income families, and the Nurse Education Assistance Loan Program for students looking to pursue a degree in nursing and have an Expected Family Contribution of $2,190 or less, are provided by the state of Ohio. Still others, such as the scholarship offered by the Cleveland Association of Broadcasters that awards $1,000 to students enrolled in programs leading to degrees in journalism, communications, or advertising, are not affiliated with the state of Ohio.

In-State and Out-of-State Tuition and Student Loans

In the same way that all Ohio colleges and universities have different charges for in-state and out-of-state students – Ohio State University, for example, charged out-of-state students $25,757 for the 2013-2014 enrollment year, but in-state students only had to pay $10,037 (figures from US News & World Report) – your state residential status is a deciding factor for qualifying for certain types of student loans. The programs offered by the state of Ohio mentioned above – the Instructional Grant, the War Orphans Scholarship, and the College Opportunity Grant, for example – are available only to residents of Ohio (or, in relevant cases, must be related to military/law enforcement men or women serving in, or representing, the state of Ohio).Similarly, while the Cleveland Association of Broadcasters scholarship is not officially offered by the state of Ohio, it is intended only for Ohio residents who will remain in the state to work in local and state journalism.