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| 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 |
1st & 2nd year DO
3rd & 4th year DO |
6.8% fixed interest rate, accrues interest while student is enrolled.
1.051% 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. |
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$33,000 |
9-month Clinical PsyD |
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$37,167 |
12-month Clinical PsyD |
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$20,500 |
Pharmacy |
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$20,500 |
Physician Assistant |
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$20,500 |
All other graduate and certificate programs |
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Federal Direct
Graduate PLUS
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Up to Cost of Attendance minus other financial aid (loans, scholarships, and federal work study) awarded. |
7.9% fixed, accrues interest while student is enrolled.
4.204% loan fee. |
6 months, post-enrollment deferment. Starts 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. |
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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, 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. |
| Health Resources and Services Administration (HRSA) Loans |
Millions of Americans do not have access to health care because they live where there are not enough health professionals to meet basic needs. Shortages of health professionals suggest many more may soon find themselves unable to see a primary health care provider when they need one.
HRSA health professions loan repayment, scholarship and loan programs help to encourage and enable clinicians to work in underserved areas. |
Loan
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Annual Amount |
Rates & Fees |
Grace Period |
Notes |
| Loan for Disadvantaged Students |
Up to Cost of Attendance minus other financial aid (loans, scholarships, and federal work study) awarded.
Varies by funding available. |
5.0% fixed interest rate, does not accrue interest while student is enrolled.
No loan fee. |
12 months, starts after student ceases to be enrolled at least half-time or graduates. |
Sponsored by the Department of Health and Human Services and is administered by PCOM.
Available for DO students who submit parental income information on the FAFSA and meet the definition of demonstrating exceptional financial need.
Click here for further details. |
| Primary Care |
Up to cost of tuition and fees.
Varies by funding available. |
5.0% fixed interest rate, does not accrue interest while student is enrolled.
No loan fee. |
12 months, starts after student ceases to be enrolled at least half-time or graduates. |
Sponsored by the Department of Health and Human Services and is administered by PCOM.
Available for DO students who agree to enter and complete residency training in primary care within four years after graduation and practice primary care for the life of the loan.
Available for students who submit parental income information on the FAFSA and meet the definition of demonstrating exceptional financial need.
Click here for further details. |
| Non-Federal Private Student Loans |
| Private student loans are financing options for education that can either supplement or replace federal student loans. Private student loans are offered by many banks and credit unions. Rates, amounts, periods, and other conditions can vary greatly between lenders so it is important to research private student loans carefully. |
| Loan |
Annual Amount |
Rates & Fees |
Grace Period |
Notes |
| Non-Federal Private Student Loans |
Up to Cost of Attendance minus other financial aid (loans, scholarships, and federal work study) awarded. |
Variable and fixed rates available.
Usually no loan fees.
Discuss details and conditions with lender. |
Varies by lender, many allow up to 6 months after student ceases to be enrolled at least half-time or graduates. |
Credit check required.
Having a co-signer can dramatically improve your interest rate.
Discuss details and conditions with lender.
Click here to compare popular private lenders with FASTChoice. |
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Click here to compare private student loans with the Graduate PLUS loan. |
| PCOM Institutional Loans |
| Loan |
Annual Amount |
Rates & Fees |
Grace Period |
Notes |
| Alumni Association Loan |
$3,000 |
5.0% fixed interest rate, does not accrue interest will student is enrolled.
No loan fee. |
Repayment starts June 30 one year after graduation. |
Funded by PCOM Alumni Association. Awarded to 2nd+ year graduate and medical students who demonstrate financial need and are in good academic standing.
$6,000 lifetime aggregate borrowing limit. |
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