Cost and Financial Aid
Costs for 2007-2008
| Tuition Per Academic Year: | $23,900 |
|---|---|
| Books and Supplies: | $1,100 |
| Laptop Computer, Software and Printer (*): | $2,000 |
| * Estimated costs | |
Financial Aid
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 website.
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 $9,700 in 2006-2007. For further information contact WICHE Student Exchange Program, P.O. Drawer P, Boulder, CO, 80302, phone (303) 541-0214, or email info-sep@wiche.edu.
Federal Work-Study
These funds allow eligible students to work on campus or in the community. Indicate your interest when filling out the FAFSA application.
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%.
Alternative Loans and Federal Graduate Plus Loans
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 Graduate Plus Loans: These loans are also offered by lenders and institutions for educational expenses and have varying credit approval criteria that must be met by the loan applicants. These loans are fixed at 8.5%.