Health Professions Loans
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Health Professions Loans are low-interest federal loans available full-time pharmacy and dental students. Students will automatically be considered for the Health Professions Loan if they provide their parents’ information (including parental income and assets) on the Free Application for Federal Student Aid (FAFSA) even if they are considered an independent student. Funds are limited and are awarded on a first-come, first-served basis.
Health Professions Loans are subsidized loans that do not accrue interest as long as you remain registered for at least twelve (12) hours each semester. Interest begins to accrue at the rate of five (5) percent annually, twelve (12) months after you graduate or drop below the full time (twelve credit hour) registration requirement.
Repayment of the principal, together with accrued interest, will be required within a 10-year period, excluding any eligible periods of deferment.
Required paperwork for these loans must be completed each semester. The Financial Aid Office will contact students to complete this paperwork.
Information is subject to change without notice due to changes in federal, state and/or institutional rules and regulations. Students must complete a FAFSA every year. Students must be making satisfactory academic progress to continue to receive financial aid.