Student Loan Application

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Requirements for loan applicants:

  1. A minimum 2.5 cumulative GPA
  2. Enroll in and complete a minimum of 12 credit hours each semester
  3. A credit worthy cosigner must be obtained

In addition to this application, the following items are needed to upload:

  1. Transcript
  2. Registration/Schedule, for the semester in which aid is requested
  3. Financial Aid Award Package Verification, from your online student portal

Once the online application has been submitted:

Once a loan application is submitted, a member of the OPI staff will be in touch with the applicant and cosigner to schedule an interview to discuss financial needs, responsible borrowing practices and budgeting.

Currently, OPI student loans carry a low fixed interest rate of 6%. As long as a borrower is enrolled full-time, interest does not accrue, and payments are not required. Payments with interest begin 90 days after graduation or the last full-time enrollment in classes.

Loan students must reapply or defer payments every semester by completing the online Loan Reapplication/Deferment form.