Financial Aid Resources
Most students receive some combination of the need-based resources and Federal Stafford loans. Realistically, loan programs will probably provide the majority of your financial aid. In addition to institutional need-based resources and Federal Stafford loans, you may wish to consider other financial aid resources:
Federal Graduate PLUS Loan
Federal Graduate PLUS loans are a good option for students who need to borrow additional resources beyond the financial aid offered to them. The Graduate PLUS loan is a federal loan that has a fixed interest rate of 6.31 percent if first disbursed between July 1, 2016 and June 30, 2017. In order to be considered for a Graduate PLUS loan, you must apply for this loan, and your credit will be reviewed. Because Graduate PLUS loans have a higher interest rate than Federal Stafford loans, you should exhaust your eligibility for Federal Stafford loans prior to applying for Graduate PLUS loans. Remember that your total financial aid resources can not exceed your cost of attendance, so the Graduate PLUS loan is limited to cost of attendance minus your other financial aid resources.
Outside Administered Aid
Every year, a number of foundations and other organizations come forward and offer our students scholarships or low-interest loans. The award amounts, and the factors necessary to qualify, vary from year to year. Details on these scholarships and loans are often communicated to students via e-mail.
Clearly, these are not “scholarships” in the traditional sense. So, consider carefully what the program will require from you after you graduate and whether your future career options will be enhanced or limited by the commitment.
The National Health Service Corps (NHSC) Scholarship Program
Full funding for tuition, fees, and related educational expenses in addition to a living expense stipend for two, three, and four-year scholarships. The NHSC is interested only in applicants who intend to practice in a primary-care specialty. In repayment for each year of assistance, after completion of residency training you serve as an officer in the U.S. Public Health Service in a physician-shortage area (minimum of two-year repayment).
The NHSC has a limited number of scholarships to award nationally each year. For more information, visit http://nhsc.hrsa.gov/scholarships/index.html.
The Armed Forces Health Profession Scholarship Program
Full funding for tuition, fees, and reimbursement of all mandatory expenses in addition to a living expense stipend. In repayment for each year of assistance, after completion of residency training (military or civilian) you serve as a practicing physician/officer in your branch of the military (minimum of three-year repayment).
For more information about Air Force scholarships, visit http://airforce.com or call 1-800-GO-GUARD.
For more information about Army scholarships, visit http://www.goarmy.com/amedd/medical/corps_benefits.jsp or call 1-800-USA-ARMY.
For more information about Navy scholarships, visit http://www.navy.com or call 1-866-NAV-RECR.