The following loans are available to Temple University School of Podiatric Medicine students who apply for financial aid.
Federal Direct Student Loan
Direct Loans are low-interest rate loans for students insured by the Department of Education (lender) to assist in paying for educational costs after high school. There are two types of loans offered under the direct loan program: Unsubsidized and the Grad Plus loan.
Direct Unsubsidized Loan
This loan is designed to provide additional funds to the student when expenses are not met by other educational funding. A first and second year professional student can borrow up to $40,500, third and fourth year, up to $47,167 annually. The interest rate is fixed at 6.8%. Interest accrues from the time funds are issued. Interest payments, however, do not need to be made until the loan goes into repayment.
Direct Graduate PLUS Loan
Additional funding may be available to students whose cost of attendance is not met by other means of funding. This loan provides students with a fixed interest rate of 7.9%. Please note that a Grad Plus Application must be completed each academic year if interested. A credit decision will be made upon completion of the application.
Health Professions Student Loan (HPSL)
This Federal loan program provides low-interest (5% fixed) loans to needy students. No interest accrues while the student is in school. These loans are provided from revolving funds at TUSPM and are awarded through the Office of Student Financial Services to students with demonstrated exceptional financial need. Income information regarding the student's parents is required if the student wishes to be considered for this loan.
Federal Perkins Loan
This Federal loan program also provides low interest (5% fixed) loans to students. No interest accrues while the student is in school. Graduate students may borrow up to $6,000 annually ($40,000 total for undergraduate/graduate studies); however, the amount awarded to a student will depend upon the amount of funds allocated to TUSPM, as well as the student's financial need.