There are a variety of sources and types of financial aid available to assist students with their health profession education expenses. These include three basic types of aid: loans, scholarships, and federal work-study. Be sure to check if you are eligible to receive federal student aid.
Loans must be repaid, usually with interest, and over a specified period of time (5-30 years) after graduation. Many loans for graduate/professional school are from federal sources, additionally, private loans are available to help.
All loans are subject to final approval by your lender based on criteria set forth by federal regulations and lender policies. The specific details of these programs may change at any time due to government legislation and regulation or lender/institutional policy.
Basic for federal student loans consists of:
The is awarded based on the completion of the ; there is no requirement to demonstrate financial need for this loan. The is between $20,500 and $50,000 (based on your program and class level). Interest is charged during the in-school period. The changes on July 1st of each year. The changes on October 1st of each year.
**Available to current students enrolled in a graduate or professional program who borrowed a Grad PLUS loan prior to July 1, 2026 only.**
The is awarded based on the completion of your and a . During the application process, a credit check is completed to ensure applicants have no adverse credit history. Applicants with adverse credit will be required by the Department of Education to do additional Direct Graduate PLUS Loan Credit Counseling. You will be notified by the Department of Education if you need to complete additional Direct Graduate PLUS Loan Counseling and obtain an endorser; the loan will not be disbursed until this is complete.
The loan limit is the maximum cost of attendance minus all other financial aid resources. The changes on July 1st of each year. The changes on October 1st of each year.
The Federal Health Professions Student Loan program provides long-term, low-interest-rate loans to full-time, financially needy students to pursue a degree in a variety of health professions, specifically those students pursuing degrees in the College of Pharmacy and Dr. William M. Scholl College of Podiatric Medicine. Funds are limited and award amounts vary. Contact the Office of Financial Aid for more information on eligibility and funding.
This tool is available to students to help them compare private loan options. We recommend students utilize this tool to make the most informed choice.
Private loans are non-federal student loans offered by banks, credit unions, and other lenders. These loans may help cover educational expenses that are not fully met by federal, state, or institutional aid. We encourage you to compare lenders carefully and explore all federal student aid options first before borrowing private loans.
ÎÞÂëȺ½» of Medicine and Science has partnered with to offer a tool to assist students. ELMSelect Private Loan Lender Comparison is a tool that allows you to select a loan product that best fits your needs. The ELMSelect Private Loan Lender Comparison tool includes various filter options to help in your review. New lender loan products may be reviewed annually for student borrower benefits. The information provided here is maintained and updated in real-time by the represented lender. You do not have to borrow from any of these lenders. You have the right to choose any lender.
A limited number of outside lenders offer students private loans with an approved U.S. citizen or permanent resident cosigner for financing their education. The terms of private loans are set by the individual lenders. Your credit history determines the interest rate and fees, your debt-to-income ratio, and that of your co-signer. The interest rates for private educational loans are variable and are most often based on a range using Prime or the London Interbank Offered Rates (LIBOR) as a base, and adding an additional percentage based on the borrower's credit. The current Prime and LIBOR rates are available at the . Students are encouraged to investigate these options thoroughly. The maximum loan amount your financial aid office can certify is the cost of attendance minus any other aid received.
Follow these steps if you decide to borrow:
Tip: Apply at least 3–4 weeks before your bill due date to allow time for processing.
Available to students in their final year of study. These private loans are designed to provide students with additional funds to help offset the expenses associated with travel and relocation costs for interviews, etc. These loans require a credit check and do not require the financial aid office to certify the application, so they do not count toward your student expense budget. Before you utilize one of these programs, please verify that you have exhausted eligibility in other financial aid programs with the financial aid office.
Scholarships can help defray the cost of education. Scholarships are aid sources that do not require repayment. Some scholarships are merit-based, and some are need-based. Scholarships can be through the admissions process, specific departments, or externally based. Find information on scholarships you can apply for on the External Scholarships page.
Federal Work-Study (FWS) provides part-time jobs for students with financial need, allowing them to earn money to help pay education expenses. Federal Work-Study is money that you earn and will not have to pay back. Since FWS is need-based aid, all students interested in FWS must file a FAFSA each year to demonstrate financial need eligibility. All FWS awards will be included as part of the student's financial aid package and will count as a resource toward the overall cost of attendance budget.
At RFU, we are committed to serving veterans who have served us and our country. Our staff and faculty are ready to help you, your spouse, or your dependents as you navigate your Veterans Education Benefits while enrolled at RFU. Visit the to find out more about our offerings and resources.