Student Loan Programs

Another option to pay for college is through the use of student loans. There are many different loan programs available through Federal, State, and private sources. Loans must be repaid and terms and conditions are set by the loan granter.

Federal Direct Loans

To determine eligibility for Federal Direct Loans, students must complete the Free Application for Federal Student Aid (FAFSA). Once submitted, the Terra State Financial Aid Office will notify the student of eligibility.

Direct Subsidized and Unsubsidized Loans

These types of loans require at least half-time enrollment status (6 credit hours) and actual awards per student may vary depending on information off the FAFSA along with term and credit hours enrolled.

The student is responsible for borrowing and repaying these loans. Repayment is deferred for six months after you graduate or drop below half-time status. These loans have a fixed interest rate.

Maximum award amounts are:

Year in College Dependent Independent
1st Year $5,500 $9,500
2nd Year $6,500 $10,500
Maximum Total Debt from Loans $31,000 $57,500

Time Limitation of Direct Subsidized Loan Eligibility for First-Time Borrowers 

There is a limit on the maximum period of time (measured in academic years) that a student can receive Direct Subsidized Loans. In general, students may not receive Direct Subsidized Loans for more than 150% of the published length of their program.

Federal Parent Loans for Undergraduate Students (PLUS)

With this loans, parents are the borrowers rather than the student. The student must be enrolled at least half-time (6 credits per term) to remain eligible for the loan and award amounts are up to the cost of attendance less any financial aid for an academic year. Repayment begins 60 days after the loan is issued.

Other Loan Options

High Demand Occupation Loan Program

The High Demand Occupation Loan Program from The Ohio Department of Higher Education allows for welding and nursing students to take advantage special financing made available. Through the program, students who are in good standing with their current student loans can apply for additional low interest loans payable once the degree is completed. Welding students can receive up to $10,000 and nursing students up to $8,000. No credit check or FASFA is required. Students can apply for the loans at the Terra State Financial Aid Office in Roy Klay Hall, A100 on the Fremont campus. Additional information is available by calling 419.559.2344 or emailing

Private Student Loans

Private student loans are loans provided to students through private lenders. These are not federal student loans, but still may require Terra State to certify enrollment. To apply, student must contact a private lender.

Student Loan Resources

National Student Loan Data System - The National Student Loan Data System (NSLDS) is the U.S. Department of Education's central database for student aid. Use this site to view your lifetime federal loan activity, including interest accrued and lender/servicer information. - This U.S. Department of Education website provides information regarding interest rates, Federal Direct Loan policies, access to complete the Master Promissory Note and Entrance Counseling, repayment calculators, and Federal loan repayment options.

Federal Loan Consolidation - The federal loan consolidation website provides borrowers to enter loans into a repayment calculators, learn about loan consolidation, and apply for loan consolidation.

Debt Management - This site provides assistance for the repayment process, including those who are behind on payments. Don't default! There are numerous other options available for those having difficulties making payments.

Want help understanding the loan process?

National Student Loan Data System (NSLDS)

Students and parents of students are advised that if they enter into a Title IV, HEA loan, the loan data will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. To learn more about this and see how this may impact your privacy, visit their site.

National Student Loan Data System