Lee D. Moody Interest-Free Loan

Qualifications:

• Undergraduate or graduate student in the Civil or Environmental Engineering programs
• Considered to be in good academic standing with the University, College and Department
• Considered a ‘Domestic’ student at the University. (NOT international)
• Have a completed FAFSA form on record with the University for the current year of application

Awards:

The maximum yearly loan amount may equal the current cost of tuition for the academic year in which the student is applying for the loan.  In addition, up to 10% of that amount may also be awarded to the student for incidentals such as textbooks.

Please note: the available amount for each student is dependent upon the number of applicants we receive each year. 

• If there are a large number of applicants, students may only see a reward of up to $3,000 for the academic year in which they are applying for the loan.

Loans are renewable annually upon application for up to a total of 4 years for an undergraduate, and 2 years for a graduate student. However, priority is given to students who have not yet received a Moody Loan award.

Repayment:

Repayment of the loan begins 6 months after graduation (or after you cease to be at least a half time student) in coordination with the Ohio State Office of Financial Aid.

No interest will be owed on the principal if repayment of the loan begins as agreed upon. Should payment not begin, interest will accrue on the overdue portion.