| Federal Student Loans |
| Most PCOM students utilize the Federal Direct Stafford loan to finance their education. They then supplement their Stafford loan with a Graduate PLUS loan or a private student loan to pay for remaining tuition as well as books, supplies, and living expenses. All students who wish to be considered for federal student loans must complete the FAFSA application. Parent information is NOT required on the FAFSA for consideration of these loans. |
| Loan |
Annual Amount |
Rates & Fees |
Grace Period |
Notes |
| Federal Direct Stafford Unsubsidized |
$40,500
$47,167
$33,000
$37,167
$20,500 |
1st & 2nd year DO
3rd & 4th year DO
9-month Clinical PsyD
12-mo Clinical PsyD
Pharmacy, Physician Assistant, and all other graduate and certificate programs |
6.21% fixed interest rate for loans with 1st disbursement date between 7/1/2014-6/30/2015
5.41% fixed interest rate for loans with 1st disbursement date between 7/1/2013-6/30/2014
6.80% fixed interest rate for loans with 1st disbursement date between 7/1/2006-6/30/2013
Accrues interest while student is enrolled and during repayment.
1.072% loan fee.
|
6 months, starts after student ceases to be enrolled at least half-time or graduates. |
No credit check required.
$224,000 lifetime aggregate borrowing limit for DO and Clinical PsyD students.
$138,500 lifetime aggregate borrowing limit for graduate students.
Click here for further details. |
Federal Direct
Graduate PLUS
|
Up to Cost of Attendance minus other financial aid (loans, scholarships, and federal work study) awarded. |
7.21% fixed interest rate for loans with 1st disbursement date between 7/1/2014-6/30/2015
6.41% fixed interest rate for loans with 1st disbursement date between 7/1/2013-6/30/2014
7.90% fixed interest rate for loans with 1st disbursement date between 7/1/2006-6/30/2013
Accrues interest while student is enrolled and during repayment.
4.288% loan fee.
|
6 months, post-enrollment deferment. Student must request from lender after ceases to be enrolled at least half-time or graduates. |
Credit check required. If student does not pass credit check, co-signer can be used.
No lifetime aggregate borrowing limit.
Click here for further details. |
|
Click here to learn how to apply for a Graduate PLUS loan and compare it to private student loans. |
| Federal Perkins |
Up to $5,000, varies by program and year. |
5.0% fixed interest rate.
Does not accrue interest while student is enrolled.
No loan fee. |
9 months, starts after student ceases to be enrolled at least half-time or graduates. |
Awarded by financial aid office to students with exceptional financial need.
$60,000 lifetime aggregate borrowing limit.
Click here for further details. |
