Health Profession Student Loans
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5% fixed interest rate
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Must provide parental income information on FAFSA
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Interest is subsidized (paid) by the federal
government during in-school, grace, and approved
deferment periods
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Maximum annual loan can be equal to the cost of
education (actual loan will be dependent upon
available funds)
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Need-based eligibility determined by the results of
FAFSA. Determination of need must also include an
analysis of parental financial information
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Student borrows through the school
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There are no loan fees
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Grace period of 12 months after enrollment ceases
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Deferment and Forbearance options available
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Standard 10-year repayment schedule; minimum $40/month
payment
Parental Information
The federal government
requires parental financial information for all students who receive the
HPSL. Parental information does not mean providing a federal tax return; it
requires the completion of "Step Four" (the purple portion) of the FAFSA and a
parental signature on the FAFSA. Students CANNOT be considered for the HPSL
unless they have provided complete parental information on the FAFSA.
Return to Financial Aid
Information |
