Doctor of Pharmacy Financial Aid
The Financial Aid office, located on the second floor of Mercy Hall on the main campus, assists Doctor of Pharmacy students with identifying sources of financial assistance to help meet the cost of the Pharmacy program education.
APPLYING FOR FEDERAL DIRECT LOANS
University of Saint Joseph Doctor of Pharmacy students who have been accepted and matriculated into the Pharmacy program may apply for Federal Direct Loans by completing the following steps:
- Complete the Free Application for Federal Student Aid (FAFSA). You will need your FSA ID. You can create an FSA ID when logging into certain U.S. Department of Education (ED) websites, including fsaid.ed.gov. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA). You will also need the University of Saint Joseph school code: 001409
- Follow the instructions for completing the Master Promissory Note (MPN) and Entrance Counseling under the Federal Student Loan section of our website.
- You must be enrolled in at least 6 credit hours in each of the semesters for which you wish to receive financial assistance.
- You will need to be accepted and matriculated into the Doctor of Pharmacy prior to receiving Federal Direct Loans.
- Acceptance or matriculation into your program and your application for financial aid must be complete and in place by August 15th for the fall semester and December 15th for the spring semester
The following amounts are based on a 12 month period, or one full academic year:
- Federal Direct Unsubsidized Loan
Loan Limits: $49,500
- Federal Direct Grad PLUS Loan
Loan Limits: Up to Cost of Attendance Less other Aid. The maximum amount for 2015-2016 is $25,385.
Note: The loan amounts presented above are based on three full-time terms. Beginning with the 2012/13 Award Year, Professional Students are no longer eligible for Federal Direct Subsidized Loans.
The actual amount you may borrow will depend on your financial aid need and actual cost of attendance. You should contact Financial Aid for additional information on application requirements and procedures.
- Your graduate debt limit includes loans for undergraduate study.
- If you reach your Federal (subsidized and/or unsubsidized) aggregate loan limit, you cannot receive any more of that type of loan. If you exceed your limit, aid already disbursed will be billed back. You will have to find alternative ways to finance your education. Therefore, it is to your advantage to borrow only what you need for educational expenses, and to keep track of your cumulative debt.
- The Financial Aid staff is happy to work with you to find ways to minimize your borrowing.
- Lifetime limits – Graduate/Professional $224,000 (maximum $65,500 subsidized).
THE GRAD PLUS LOAN
Once a graduate student has exhausted the Stafford Loan option, the Grad PLUS Loan may be available if additional funds are needed. This federal student loan has a higher interest rate than the Stafford Loan and requires the borrower to have an adequate credit history. Students are eligible to borrow up to the cost of attendance minus any other aid.
ADDITIONAL LOAN OPTIONS
Students interested in additional funding may apply for an Alternative Education Loan. See our Alternative Loan page for information regarding Alternative Loans and lenders.
EXTERNAL GRANT AND SCHOLARSHIP PROGRAMS
USJ Financial Aid strongly encourages all Doctor of Pharmacy students to seek out external sources of funding. Scholarships and grants do not have to be repaid and therefore help to limit reliance on borrowing. The following is a partial list of scholarship and grant resources that may be available:
- Veterans Benefits
- American Pharmacists Association (APha)
- National Community Pharmacists Association (NCPA)
- Connecticut Pharmacists Association (CPA)
- Hispanic College Fund
- American Association of Pharmacy
- American Foundation for Pharmaceutical Education Scholarships and Fellowships
- Tylenol Future Care scholarship
Additionally, you can explore scholarship search Web sites that list multiple scholarship opportunities. We suggest that you read the privacy and information sharing policies on any site prior to providing any personal information. Below is a partial list of scholarship search Web sites that may be helpful for Doctor of Pharmacy students:
Monday – Friday
8:30 a.m. – 4:30 p.m.
Special arrangements can be made for appointments outside of the regular hours.
Frequently Asked Questions
Yes. Each year you must complete a renewal FAFSA, and if requested, submit all supporting tax returns and documentation by University of Saint Joseph published deadlines. However, you must only complete an MPN and Entrance Counseling once; they will remain valid throughout the program.