Ohio Catholic Federal Credit Union’s commitment to Catholic education extends to our tuition loan programs. We have both In-Network and Out-of-Network tuition loan programs. Most financial institutions don’t offer tuition loans for high school and grade school education. Schools benefit from having tuition monies at the beginning of the school year and parents of students benefit from having manageable monthly payments, no application or set-up fees, and the ability to take advantage of pay upfront discounts. 

In-Network Tuition program offers tuition loans at 5.99% for a 10-month period. All In-Network participants are preapproved by authorized school administrator and are entered to win our monthly Tuition Forgiveness drawing. Our In-Network tuition partners include the following high schools and grade schools:

Beaumont High School                      Lake Catholic High School               St. Joseph Academy

St. Peter Chanel High School            Trinity High School                           Walsh Jesuit High School

Incarnate Word Academy                 St. Barnabas School                           St. John Nepomucene School

St. Martin of Tours School                St. Matthew School                           St. Monica School

St. Sebastian School                           St. Mary Magdalene/St. Justin Martyr School

Out-of-Network Tuition program is for parents of students attending other Catholic high schools and grade schools in the Cleveland Catholic Diocese. This program offers tuition loans at 7.99% for a 12-month period. 

 Click here to apply online for tuition loans   Tuition Loan Application     

Federal Stafford Loans are student loans that must be repaid and are available to both undergraduate and graduate students. There are two types: Federal Direct Loan (Direct Loan) and Federal Family Education Loan (FFEL).

·         If it is a subsidized Stafford Loan (demonstrated need for the loan), you are not responsible for interest while attending school at least half-time and the principle is deferred.

·         If it is an unsubsidized Stafford Loan (financial need was not demonstrated) the principle is still deferred but you are responsible for paying interest on the loan.

The Stafford Loan is a simple interest loan with a rate capped at 8.25%. 

Apply for a Federal Stafford Loan

PLUS Loans

Federal PLUS Loans are available to parents of dependent undergraduate students who are enrolled at least half-time. The PLUS Loan is also available to graduate and professional degree students. Financial need is not a requirement.

• PLUS Loans are unsubsidized: the borrower is responsible for interest that accrues during the life of the loan. Borrowers can request a loan for up to the full cost of attendance minus any other financial aid.
• PLUS Loans utilize simple interest with an interest rate cap of 9%.  All creditworthy parents/stepparents are eligible and are subject to a credit check.  The borrowing limit is equal to the total cost of education for the student minus all financial aid awarded.  Repayment of PLUS Loans begins 60 days after the loan is fully disbursed, and the repayment period can last up to 10 years with a minimum monthly payment of $50.00.

TIP: Graduate and professional students that borrow a PLUS Loan receive an automatic deferment while in school.

Consolidating your college student loans can reduce your monthly payments and save you money over the long term.  With a variety of financing options, Ohio Catholic can help you make the right consolidation choice.  Consolidation loans carry no fees to apply, have a low fixed interest rate, and can extend your current repayment terms. 

*If all of your student loans are held through one lender, you must first attempt to consolidate with that lender.  If they do not participate in consolidation or will not consolidate your loans for you, then you may choose any lender.  If you have multiple loan lenders, you may choose any lender to consolidate your student loans. 

Federal and State Financial Aid Deadlines