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    Types of Financial Aid for Pharm D. Students

    Scholarships

    • During Academic Year 2017-2018, academic merit scholarships awarded to individual Pharmacy students ranged in value from $100 to $5,000 per year.

    Cal Grants

    • Cal Grant A or B recipients who will not earn a bachelor's degree prior to entrance into Pacific's Pharm D. program may transfer their grants to Pacific.
    • Professional Pharmacy students may receive up to a maximum total of ten semesters of Cal Grant support, including payments received for pre-professional study.

    Federal Stafford Unsubsidized Loans

    • Stafford unsubsidized loans accrue interest from the date of disbursement.
    • The interest rate is fixed at 6%.
    • Most first and second year Pharm. D. students may borrow a maximum of $35,775 per 11-month academic year.
    • Lower maximum loan amounts apply to students who enter the professional Doctor of Pharmacy program after only four or five semesters of pre-Pharmacy.
    • Professional Pharmacy students may borrow up to a maximum of $33,000 for the third professional year (nine months).

    Federal Direct Graduate/Professional PLUS Loan

    • Graduate and professional students may borrow under the Federal Direct PLUS Loan program, up to their annual costs of attendance minus other financial assistance.
    • Students must file the FAFSA to determine eligibility for a Direct Loan.
    • Applications are subject to approval by the Direct Loan Origination Center, based on a credit bureau check.
    • Interest charges, at the fixed rate of 7% and begin on the date of disbursement.
    • Repayment of the Grad/Professional PLUS begins 60 days after the loan is fully disbursed, but students may qualify for in-school deferment while enrolled at least half-time in a degree program.

    Health Professions Student Loan (HPSL)

    • By regulation, recipients of the Health Professions Student Loan (HPSL) must be enrolled full-time and parent information must be considered in determining financial eligibility.
    • All students who wish to be considered for HPSL must provide parent information on the FAFSA.
    • Interest on this loan is fixed at 5%. HPSL loans are awarded to eligible Pacific students on the basis of funds available.

    For more information on loans, please review the following:

    Private Loans

    • Pharmacy students may choose to arrange financing through a private loan program to supplement their University Financial Aid.
    • Professional students with good credit histories or no credit history may usually borrow on their own.
    • Larger amount or more favorable terms may be available if the student applies with a creditworthy co-signer. Ordinarily, the borrower or a co-borrower must be a U.S. citizen or permanent resident.
    • Information about private loan programs is available on the Internet.
    • There are also online tools to help you compare private loan options.
    • Private Loan Options:http://www.elmselect.com/link/query?schoolid=307

    Credit Checks

    If you think you may wish to apply for a private loan, it is advisable to obtain a copy of your credit report now to ensure it is accurate. The major national credit reporting agencies are: