Health Professions Student Loan

[Sprinkles]

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Hey guys I was wondering...If you have applied or used the Health Profession Student Loan to pay for pharmacy school. If so, is it credit based or do you need to have a credit worth signer? Or is it a federal like the (e.g. Stafford Loan) where your credit score is not an issue? I want to apply to pharmacy school but am looking at all aspects to make sure it something I can afford on my own. I am independent and do not have parentals or anyone comfortable I would ask to co-sign a loan... Pathetic... I know! I hate talking money!

Any info would be great! THANKS! 🙂

 

[wmw]

Anybody out there planning to apply for this loan? The interest rate is lower (5%) than the Stafford rate (6.8% I believe) I know you do have to disclose your parents income on your FAFSA to apply for the HPSL, so I assume there is some sort of cutoff for it.. anybody know anything???

 

[crazybob]

• I have no credit score (not 100% certain), but I do have a good credit history
• I get mine through my school by filling out my FAFSA with my parents' information
• I have to sign an MPN online every year for the amount I accept to borrow for the loan
• I think my school decides how much I can borrow, but I think I can borrow a bit more if there are enough funds
• I did not need anyone to co-sign

Your experience with the health professions loan may be different.