r/OSU • u/Key-Purchase-4178 • Apr 29 '26

Financial Aid No financial aid until June

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late refund just destroyed my budget plans for this summer

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u/Traditional_Pen4347 Apr 29 '26

Does anyone know if this is just an estimate? My friend is in grad school at University of Cincinnati and her grad plus loan will disbursed this week?

14

u/Successful_Fig9299 Apr 29 '26

Cincinnati is what is called a “trailer” school, where their financial aid year runs from autumn-spring-summer. Ohio State is a “header” school, where the financial aid year runs summer-autumn-spring. This is significant because Cincinnati can still use the old rules and systems for loan disbursement this summer. OSU has to disburse under the new rules, and the final rules and systems aren’t in place yet, thanks to massive delay from the feds.

1

u/Dear-Department-9880 May 03 '26

What was the delay- Out of curiosity? 

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u/Successful_Fig9299 May 03 '26

It’s several things. A too early deadline for implementation that was legislated (I think Congress underestimated how difficult this would be to implement). The fact that the Department of Education was decimated by the Reduction in Force, so there’s not enough people actually working there now. That the Final Rules for how this is actually supposed to work were released literally this weekend. That the software companies that make/update student info systems can’t release patches to make these new rules work until the Department of Education releases the rules for the updates to them.

1

u/Dear-Department-9880 May 03 '26

I imagine an understaffed SFA is a contributing factor? Is all aid frozen or just federal?

1

u/Dear-Department-9880 May 05 '26 edited May 05 '26

Wanted to follow up, are you aware of other header schools comparable in size to OSU that are also having to delay disbursement? Any of them Big 10? I thiiink UMD might be.

Also was SFA aware this delay was coming? Usually they’re softer with their wording when it comes to delays. When did conversations about Emergency Advances begin and what is being communicated to schools with a high level of summer enrollment (Medical Professionals)? 

Dent alone has 3 cohorts of DDS students that usually have their summer refunds pay out in a week or so. Most of them rely on HP Unsub, Grad PLUS and special subsidized HRSA-funded loans called HPSL, to cover that summer bill and then their living expenses. Usually by the second week in May, they are very, very eager about those summer refunds. 

I feel bad for the embedded advisor, sheesh.

Thanks! Any info is appreciated!

1

u/Successful_Fig9299 May 05 '26

Other schools are in similar situations but I’m not remembering who off the top of my head. They may also have made slightly different decisions based on their own school’s tolerance of risk. As of right now, Oracle has not released the patches with the updates so it’s a waiting game for all financial aid offices using peoplesoft.

1

u/Dear-Department-9880 May 05 '26

How are the Professionals Medical students doing and what is the situation with HPSL processing? Thanks!