Student Loan in Beavercreek, OH (2026)

Beavercreek Overview

Beavercreek is a key market in Ohio with a population of 46,320 and a median household income of $50,000. The median home price stands at $180,000, shaping the local borrowing landscape.

Rates & Terms

Federal student loan rates for 2026 are fixed at approximately 5.5% for undergraduates and 7.05% for graduate students.

Parent PLUS loans carry a fixed rate of approximately 8.05% for 2026, plus an origination fee of over 4%.

Requirements in Beavercreek

Private student lenders in Beavercreek typically require a minimum credit score of 650 or a creditworthy co-signer.

Federal student loans require completion of the FAFSA and enrollment at least half-time in an accredited institution.

Ohio Regulations

Ohio reformed payday lending with the Short-Term Loan Act in 2018.

• Usury Limit: 8% (non-licensed)
• Payday Lending: Reformed, 28% APR cap + 60% APR max fee

Local Market Insights

Students in Beavercreek attend a mix of public universities, private colleges, and community colleges with varying tuition costs.

The cost of living in Beavercreek affects total educational expenses; budget for housing, food, transportation, and books beyond tuition.

Borrowing Tips for Beavercreek

• Subsidized federal loans are the best option because the government pays interest while you are in school.
• Make interest-only payments on unsubsidized and private loans while in school to prevent capitalization.
• Borrow only what you need; every dollar borrowed accrues interest that increases your total repayment cost.