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 SFC before loan funds can
be disbursed to you. You will be required to attend an exit
interview 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.
