Health Professions Loan

These loans are available to students with financial need who are in the Dentistry (DDS) or Pharmacy (PHARMD) programs.

General Information

• These loans are available through the Department of Health and Human Services (DHHS) Loan Program.
• When applying, parental income information is required regardless of federal dependency status.
• See the DHHS Loans webpage for information on how to apply.

Repayment

• The HPL is a subsidized loan with a 5% simple annual interest rate.
• There is a twelve-month grace period after the student graduates or drops below full-time enrollment. Repayment of the loan begins immediately after the grace period ends.
• The minimum monthly payment is $40.00 (unless otherwise specified on the promissory note the student signs), plus accrued interest.
• The repayment period must not exceed ten years.
• Cancellation of the loan may be granted in certain circumstances such as death or permanent disability. Cancellation provisions are described in the student's promissory note.
• Students may request deferment of repayment if they enter military service, the Peace Corps, or pursue advanced professional training.
• Borrowers may prepay the loan at any time.
• This loan can be consolidated with a student's Federal Direct Loan. However, once consolidated it becomes an unsubsidized loan and is subject to the repayment terms of the consolidation loan.