Occupational Therapy Financial Aid/Scholarships/Specialized Loans

Types of Financial Assistance

Federal Direct Unsubsidized Loans have a fixed 5.41% interest rate as of July, 1, 2013. The maximum that a Occupational Therapy student may borrow per academic year is $20,500. Interest will accrue during the in-school, grace, and deferment periods.  An origination fee of 1.072% will be applied to each disbursement. Repayment begins 6 months after the last date of attendance. The maximum aggregate loan limit is $138.500. The aggregate loan limit includes undergraduate loans.

Federal Direct Graduate PLUS Loans have a fixed 6.41% interest rate as of July 1, 2013. The maximum amount that a student may borrow per academic year is the cost of attendance less any other financial aid. Interest accrues from the time the funds are disbursed. Repayment begins six months after the last date of attendance. Federal Direct Unsubsidized Loans will be utilized first. An origination fee of 4.204% will be applied to each disbursement. Credit is checked for all Graduate PLUS loans. If you have an adverse credit history, the loan may be denied. If you are denied, you may reapply with a credit worthy co-signer.

Private Loans are available to international students and generally require a U.S. co-signer. The maximum amount a student may borrow is the cost of attendance less any other financial aid. Interest rates may vary. Interest will accrue from the time the funds are disbursed.