Cost and Financial Aid
Costs for 2012-2013
|Tuition Per Academic Year:||$29,218|
|Books and Supplies:||$1,200|
|Laptop Computer, Software and Printer (*):||$2,000|
|* Estimated costs|
Need-based aid in the form of grants, loans, work-study, and other funding is available to those who demonstrate financial need. Visit the financial aid pages.
The following sources of financial aid are available to physical therapy students, though not all students will receive all types.
Professional Program Grants
These are non-renewable awards offered to selected first-year students based on academic merit and need. The award amounts vary.
Western Interstate Commission for Higher Education (WICHE) funds
These funds are available to selected students from Alaska, Hawaii, and Wyoming who have applied for funding from their state. WICHE recipients in physical therapy will receive $10,900 in 2011-2012. For further information contact WICHE Student Exchange Program, P.O. Drawer P, Boulder, CO, 80302, phone (303) 541-0214, or email firstname.lastname@example.org.
This need-based financial aid program allows eligible students to work on campus or in the community. Indicate your interest when filling out your FAFSA (www.fafsa.gov).
Federal Family Education Loan Program (FFELP)
Staring this Fall, Pacific University will participate in the Federal Family Education Loan Program (FFELP). This program offers incoming Doctor of Physical Therapy 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 Physical Therapy students can borrow up to $20,500 per academic year. The interest rate will be fixed at 6.8%.
Federal Direct Loans
Two kinds of federal loans are available to Doctor of Physical Therapy students: Federal Direct Unsubsidized Loans and Federal Direct Graduate PLUS Loans. DPT students can borrow up to $20,500 in Federal Direct Unsubsidized Loans each year. Interest on these loans will begin accruing at a fixed rate of 6.8% when the loans are disbursed. (Please note: Federal Direct Subsidized Loans for graduate students were discontinued as of June 30, 2012). DPT students can also apply for credit-based Federal Direct Graduate PLUS Loans for up to the annual cost of attendance minus other financial aid received. These loans will begin accruing interest at a fixed rate of 7.9% upon disbursement.
These loans are offered by private lenders to credit-worthy applicants to help cover educational expenses. Lenders have varying credit approval criteria that applicants must meet. These loans may have variable or fixed interest rates. Interest will begin accruing upon disbursement. DPT students should consider federal loans before applying for alternative loans since federal loan repayment options may be superior.