Health Professions Student Loan
If you are a full-time student in a course of study leading to a doctor of science in pharmacy; or a doctor of dentistry, podiatric medicine, optometry, or veterinary medicine, you may be eligible for the need-based Health Professions Student Loan (HPSL), designed to provide financial assistance in the form of long-term loans.
HPSL is a federal loan program administered by the University as the lender. The aggregate maximum you may borrow in HPSL loans is limited only by the cost of tuition and fees, and by the funds available. The 5 percent annual interest is subsidized by the federal government during the time you are in school and the one-year grace period. You begin repayment at the end of the grace period. Your payments are calculated for full repayment within 10 years (120 months).
For consideration, you must report parental data on the FAFSA, even if you have independent student status.
Each and every time you accept an HPSL loan, you will be mailed a paper promissory note and loan disclosure form that you are required to complete and return to Student Account Assistance (SAA) before loan funds can be disbursed to you. You will be required to attend an exit counseling session if you:
- are about to graduate.
- leave the University (even if it is just temporary).
- drop your registration below half-time enrollment.
- transfer to another school.
- leave for a National Student Exchange (NSE) experience.
Please go to the "Read about" section on the upper left for further information about HPSL loans.