Pharmacy Financial Aid
Student Financial Services helps Doctor of Pharmacy students identify sources of financial assistance to help meet the cost of the Pharmacy program.
Federal Loan Programs
Federal Direct Loans are the principal source of financial aid available for doctoral students in the Pharmacy program. You must complete a FAFSA (Free Application for Federal Student Aid) at studentaid.gov every year to be reviewed for federal loan eligibility. University of Saint Joseph School Code: 001409
- Federal Direct Unsubsidized Loan
- $16,500 maximum eligibility per semester
- Complete a FAFSA to apply
- Federal Graduate PLUS Loan
Alternative Loan Programs
Students interested in alternate financing may apply for an Alternative Education Loan from a private lender. Eligibility for private education loans depends on the borrower’s credit score and typically requires a credit worthy co-signer to receive a favorable interest rate. For more detailed information on alternative loans, including a list of historical lender, see our Alternative Loans page.
Covering Living Costs
Students can borrow in excess of their charges to assist with educationally related expenses, such as living costs. In order to determine the total amount of aid allowed per semester, including both federal and private loans, a cost of attendance is created. This cost of attendance includes direct charges to your bill (tuition & fees), as well as estimated indirect/personal expenses that a student may incur. Students may not borrow in excess of the approved cost of attendance. Each year the cost of attendance is adjusted to reflect changes in costs and expenses. Contact Student Financial Services for more information on your personalized cost of attendance.
Borrow only what you need to cover your costs. Your federal graduate debt limit includes loans for undergraduate study.
Federal Direct Student Loan Lifetime Limits: Graduate/Professional: $224,000 (maximum $65,500 subsidized)
External Grant & Scholarship Opportunities
We strongly encourage all Doctor of Pharmacy students to seek out external sources of funding, including external grants and scholarships, as these help to limit reliance on borrowing loans. Students are required to report outside scholarships to the Student Financial Services Office, as they affect a student’s financial aid package.
The list below is not inclusive; it includes suggestions on where to begin your research. USJ has no control over the websites listed, and these sites may change at any time. Please read each website’s privacy and information sharing policy before providing any personal information.
- Veterans Benefits
- National Community Pharmacists Association (NCPA)
- Connecticut Pharmacists Association (CPA)
- American Foundation for Pharmaceutical Education Scholarships and Fellowships
Scholarship Search Sites
Beware of Scams!
Scammers are taking advantage of students looking for money to assist in paying for the cost of education. Don’t be fooled! Here are some tips and resources to avoid falling prey to these financial aid and scholarship scams:
- Watch out for companies that promise to save you thousands of dollars in tuition by assisting you with your financial aid forms.
- Never pay for scholarship information.
- Don’t be fooled by a company that asks you for money to “hold” a scholarship.
- Learn more about protecting yourself from scholarship scams from the Federal Trade Commission (FTC) Scholarship Scams and FinAid.org Scholarship Scams.
Student Financial Services
Mercy Hall, 2nd Floor
1678 Asylum Avenue
West Hartford, CT 06117
Email: [email protected]
M – F: 8:30 a.m. – 5 p.m.
W (Extended Hours): 8:30 a.m. – 6 p.m.
Special arrangements can be made for appointments outside of the regular hours.
Frequently Asked Questions
Do I need to reapply for financial aid every year?
Yes. Financial aid is processed one academic year at a time. You must complete a FAFSA every year you intend to borrow federal loans, and reapply for any private loans on an annual basis. However, you are only required to complete a federal Master Promissory Note and Entrance Loan Counseling once; they will remain valid throughout the program.
Am I required to attend the pharmacy program full-time in order to be eligible for financial aid?
No. Federal loans, and most private alternative loan lenders, require a student to be enrolled at least half-time (6 credits) in each semester to qualify. However, attending the program at less than full-time does affect a student’s total cost of attendance, and the amount of loan funding a student can receive.
What is a federal direct unsubsidized loan?
This loan is available to students regardless of financial need. The student is responsible for all interest; accrual of interest begins upon second disbursement. Interest may be paid while the student is in school or may be capitalized and paid during repayment of the loan. This loan requires students to be enrolled at least half-time (6 credits). Repayment begins six months after students graduate, leave school, or attend less than half-time.
Do I have to accept the full amount of the loan offered on my financial award letter?
No. Students can accept, decline, or reduce their loans during the loan acceptance process in Financial Aid Online via their MyUSJ portal. You can also email Student Financial Services at [email protected] to adjust your loan amounts.
How do I determine what additional funds I can borrow in a direct graduate plus or alternative loan?
Students can borrow in excess of their charges to assist with educationally related expenses, such as living costs. In order to determine the total amount of aid allowed per semester, including both federal and private loans, a cost of attendance is created. This cost of attendance includes direct charges to your bill (tuition & fees), as well as indirect/personal expenses that a student may incur. Students may not borrow in excess of the approved cost of attendance. Each year the cost of attendance is adjusted to reflect changes in costs and expenses. Contact Student Financial Services for more information on your personalized cost of attendance.
How are my federal direct loan funds credited to my account?
Once you have completed all requirements, loan funds are sent directly to the University of Saint Joseph and applied to your student bill. Loan funds are first applied to your account balance. If you have financial aid in excess of your charges, the Bursar’s Office will issue a refund via check or electronic transfer.
Will my loan be received in time to pay my tuition?
Fund disbursement on the tuition due date depends on you. If you complete all requirements before the start of the program, funds will be disbursed in time for the tuition due date.
Can I defer payments on undergraduate federal student loans?
Yes. You must notify your loan lender(s) of your return to school in order to initiate a loan deferment. The deferment process will halt your loan-repayment obligation while you are enrolled at least half-time (6 credits).
What are my repayment options for the federal direct loans?
Understanding the details of repayment on your federal student loans can save you time and money. Some loans can qualify for repayment deferral up to six months after you graduate. Beyond that, you should contact your lender to discuss options. Educate yourself with the most up to date information available about federal student loan repayment.