Additional Unsubsidized Loan options for health professional grad schools?

[beebee0]

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My school only gave me $20k through FAFSA including both subsidized and unsubsidized loans, but that is not enough to cover tuition. They also told me that that's the maximum that I could borrow. However, I found on a few websites that health professional schools could borrow more? here is a pdf file from one of the links:

https://www.edfund.org/pubs_order/epub_GetPdf.cfm?documentId=I-60.1

It says that we can borrow more. Is this true? How does it work? 😕

 

[TMP-SMX]

My school only gave me $20k through FAFSA including both subsidized and unsubsidized loans, but that is not enough to cover tuition. They also told me that that's the maximum that I could borrow. However, I found on a few websites that health professional schools could borrow more? here is a pdf file from one of the links:

https://www.edfund.org/pubs_order/epub_GetPdf.cfm?documentId=I-60.1

It says that we can borrow more. Is this true? How does it work? 😕

You need to be more specific on what level you are in. Are you in graduate school, medical school, pharmacy school or what? It varies depending on what you are. For graduate school your stafford limit is $20,500 a year. For medical school the stafford limit is $40,500. For either grad or medical school your grad plus loans have no limit except that your total financial aid can't be more than your cost of attendance determined by your school.

 

[beebee0]

I will be in the School of Public Health... is that considered a regular grad school with no additional Stafford Loan option? I just want to borrow Stafford because the interest is a lot lower than Grad PLUS.

 

[sumstorm]

sounds like a regular grad school.

 

[TMP-SMX]

You have to take out grad plus or private loans on top of your staffords. You don't have much option.

Though one thing I'm confused about is that I've seen MPH Stafford limits at 33,000 a year for a 9 month year. What school are you going to for your MPH?

 

[jgclown]

I am in an APA accredited Clinical Psychology program and I am encountering the same problem. In looking up information for a health professions loan they state that you will be eligible for additional funding if you are in a Clinical Psychology program (PsyD or PhD).

In giving me the runaround, JFK University in Pleasant Hill, CA states that I'm not eligible because they are not a medical school. I advised them of the loan criteria and it seems I should be eligible, they then say they are just ineligible. I provided other information on APA accredited schools that are DEFINITELY NOT medical schools (Alliant, Argosy, The Wright Institute) that state on their websites that PsyD students ARE eligible for the additional loans.

My Fin Aid department doesn't seems to give a hoot. I asked why they are ineligible and they can't give me an (legitimate) answer.

Any input or opinions? Contact the Dept of Ed?