Courts have issued orders blocking the Biden-Harris Administration student debt relief plan as of 11-12-2022. For the most up to date information please visit Federal Student Aid’s (FSA) website: https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info
The Office of Financial Aid will be closed Friday November 18, 2022 for an annual training. In-person and phone services will be unavailable all day.
Office of Financial Aid Hours:
In-person - 1:00pm to 4:00pm Monday to Friday - Kerr Admin 218 || Phone - 10:00am to 4:00pm Monday to Friday - 541-737-2241 || Email - anytime at email@example.com
Private Supplemental/Alternative Loan –You may need additional funding for school and opt to apply for funding through a private lending agency. For most students, federal loans are a better option and should be utilized before private loans are considered. Alternative loans require a credit check and may have a higher, variable interest rates. They also do not offer the flexible repayment, consolidation, and loan forgiveness options that may be available with federal loans.
Oregon State University cannot recommend private lenders, but we have provided additional information on questions to ask and things to consider in our Alternative Loans publication. Our best advice is to explore options with a lender you may already do business with and feel comfortable using. We also recommend doing your research to be sure that you will not be in for any surprises later. The Federal Student Aid website provides some additional information on how to compare federal and private loans. More information about taking out a private loan may also be found on the Federal Trade Commission and Consumer Financial Protections Bureau websites.
Private education loans must be certified by the school you are attending. When applying for these loans, please keep in mind that the Office of Financial Aid at OSU may only certify your loan for an amount that fits into your expected cost of attendance. Also, the processing of your private loan request may require 4-6 weeks so it is important to plan ahead.