Educational Loans

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 provided by the Department of Education to assist in paying for educational costs. There are two types of loans offered under the direct loan program: Unsubsidized and Graduate Plus

Direct Unsubsidized Loan

A first and second year TUSPM student can borrow up to $42,722; third year students up to $47,167 and fourth year students up to $44,944 annually. The interest rate is set each year by the Department of Education and is fixed at that rate for the life of the loan. 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 the Unsubsidized loan and other means of funding. The interest rate is set each year by the Department of Education and is fixed at that rate for the life of the loan. Interest accrues from the time funds are issued. Interest payments, however, do not need to be made until the loan goes into repayment.

Please note that a Graduate Plus application must be completed each academic year if interested. A credit decision will be made upon the application's completion.

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.