Tuition & Financial Aid | Pharmacy

Costs for 2014-2015

Tuition and fees

$45, 153

Books, Laptop

$5, 033

Cost of Living

$10, 755

*Program expenses are based on current projections (including tuition) and are subject to change.

Financial Aid

Need-based aid in the form of grants, loans, work-study, and other funding is available to those who demonstrate financial need. For more information, visit the Financial Aid Office.

FAFSA

Students applying to the pharmacy program should complete their Free Application for Federal Student Aid (FAFSA) as soon as possible after Jan. 1 and no later than March 1. Be sure to have a copy sent to Pacific University (Federal School Code 003212). We advise students to file their FAFSA online. Do not wait to be accepted to apply for financial aid and do not wait until you have filed your income tax returns with the IRS. You should either estimate your income — you will have a chance to correct errors later — or complete your tax returns early. If you wait, it will delay the processing.

You can obtain a FAFSA application in the paper version from the financial aid office at any college or university, the public library, or by calling 1-800-4-FED-AID. You can also fill out a web version of the FAFSA. Filling out the FAFSA online allows you to get your Student Aid Report (SAR) sooner than with the paper application, and your FAFSA will be more accurate, since the online form has built-in edit checks to catch simple errors.

The following sources of financial aid are available to pharmacy students, though not all students will receive all types.

WICHE

The Western Interstate Commission for Higher Education (WICHE) Professional Student Exchange Program (PSEP) offers financial assistance to certified professional pharmacy students from Alaska and Nevada.

Federal Work Study

These funds allow eligible students to work on campus or in the community. Indicate your interest when filling out a FAFSA application.

Federal Direct Loans

This program offers incoming doctor of pharmacy students subsidized and unsubsidized loans. Students who demonstrate need are eligible to borrow subsidized Federal Direct Stafford Loans; students who do not show need or who have remaining unmet need are eligible to borrow unsubsidized Federal Direct Stafford Loans. Subsidized loans do not accrue interest while students are enrolled and for a six-month grace period afterward. Unsubsidized loans begin accruing interest when they are disbursed. Doctor of pharmacy can borrow up to $33,000 per academic year. The interest rate will be fixed at 6.8 percent.

Other Loan Resources

Alternative Loans: These are loans offered by lenders and institutions for educational expenses. These loans are not guaranteed student loans — lenders and institutions have varying credit approval criteria that must be met by loan applicants. These loans have a variable interest rate.

Federal Grant Plus Loans: These loans are offered from various lenders and institutions for educational expenses and have varying credit approval criteria that must be met by the loan applicants. These loans have a fixed 8.5 percent interest rate.

Federal Health Professions Student Loan: This is a federal student loan program available to pharmacy students with low to moderate income and with parents who have low to moderate income. Parental information and parent FAFSA signature must be provided for eligibility to be determined. This loan has a fixed 5 percent interest rate.

Questions?

Please contact the Financial Aid Office via telephone at 503-352-6151 or 877-722-8648, ext. 2222, or via email at financialaid@pacificu.edu.