Information about the following is available from the Office of Student Financial Services: Subsidized Federal Stafford Loan Information about the following is available from the Office of Student Financial Services: Subsidized Federal Stafford Loan This is a bank loan insured by the federal government. A graduate student with financial need is permitted to borrow up to $8,500 per year ($65,500 total for undergraduate/graduate studies). The interest rate is variable based on the bond equivalent rate of 91-day Treasury bills auctioned at final auction prior to June 1 plus a percentage determined by the Department of Education. The interest rate may not exceed 8.25%. The current rate effective through . Unsubsidized Federal Stafford Loan This loan is designed to provide additional funds to the student when expenses are not met by other educational funding. The student may borrow up to $32,000 annually. The interest rate is the same as that for the Subsidized Federal Stafford Loan; the only difference is that the student is responsible for accrued interest. 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. Private Alternative Loans Additional funding may be available to students whose cost of attendance is not met by other means of funding. Such funding is usually at a higher interest rate and requires that the borrower has a satisfactory credit history. Please contact Student Financial Services at 215-625-5447 for more information.
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