To apply for
financial assistance, students complete the
2008-2009 Free Application for Federal
Student Aid (FAFSA), available at
http://www.fafsa.ed.gov
The application is processed by
the US Department of Education and results
forwarded to UNM. Financial aid is available
in three forms: Federal/State Grants, Federal/State
Subsidized and Unsubsidized Loans, and
Federal/State Work Study.
Students can check on their financial aid status by accessing LoboWeb via MyUNM.
Students who have earned a bachelor’s degree are only eligible for Federal/State loans and work study.
Students must maintain a 2.0 GPA to continue receiving financial assistance.
Students are required to pass 67% of the courses they register for each academic year to maintain financial aid eligibility.
The Department of Education has limited the number of credits financial aid will cover before a degree is earned.
Doctor of Pharmacy (Pharm.D.) students are classified as professional/graduate students (by the Department of Education) and are charged a $25.00 per semester graduate student fee.
For the first two years of the Pharm.D. professional program, students are eligible to apply for federal loans at the undergraduate level of borrowing, and federal grants if they are eligible. For the final two years of the program, students become eligible to borrow at the graduate student level, but are not eligible for federal grants.
Contact the COP Office of Student Services at 505-272-3241 with questions or for an appointment regarding all federal and state financial aid programs. Dianne Perea is the Financial Aid resource for the College and can be reached by appointment or email
If Dianne is not
available, please call 505.277.2041, or
go to
http://unm.custhelp.com and choose
"chat" to talk to a financial aid
representative live online.
STUDENT LOANS
College of Pharmacy
Emergency Short-term Loan Fund
The College maintains an emergency
loan fund for pharmacy students. The
New Mexico Pharmaceutical
Association supports this fund.
Students with unanticipated expenses
may apply for a UNM Short-term Loan.
These loans are available at an
interest rate of 1% per month.
Applications are available from the
COP Office of Student Services.
Disbursements are made at the
Cashier's in the UNM Student
Services Center.
The Short-term Loan fund is governed by the following criteria:
All applicants must be enrolled
at least half-time for the
current semester.
Loan funds are not available
between semesters.
Applicants with an outstanding
short-term loan are not eligible
for another short-term loan.
University employees enrolled in
UNM courses are not eligible
eligible for this loan fund.
Applicants must meet standards
of satisfactory academic
progress.
The loan due date is the last
day of the current semester.
in no case will the date exceed
90 days or the last business day
of the current semester.
Financial aid to be dispersed in
the subsequent semester is not
considered a source of
repayment.
Applicants who have delinquent
short-term loans will have a
hold placed on their academic
transcripts, and may not be
allowed to register for the
subsequent semester.
Short-term loans will be turned
over for collection when 90 days
past the due date.
If the short-term loan is
approved, the applicant will
sign a promissory note.
All outstanding UNM balances
(including short-term loans,
regardless of due dates) will be
paid with the first source of
financial aid received (e.g.
Direct Loans,. grants,
scholarships) within the same
semester.
Short-term loans are limited to $2,000.
Applications are available in Nursing and Pharmacy Building, Room 179A, or call 505-272-3241, e-mail dperea@salud.unm.edu
Health Professions Student Loan
This is a loan primarily for students in the health professions who are enrolled full time and have the need according to the need analysis formula in Title IV of the Higher Education Act. All student resources are taken into account and the loan is awarded up to the cost of attendance minus all ready received resources. Parents' information is required even for independent students. Contact Dianne Perea by phone: 505.272.3241 or email for more information.
New Mexico Loan for
Service
Sponsored by the
NM
Commission on Higher Education
to increase the number of health
professionals in areas of the state
experiencing shortages. After
graduation and licensure, students
work in a shortage area in NM for a
designated time. Contact:
HPLRP application deadline: Application must be postmarked by May 1, 2008. Applications are usually available March 1 of each year. Submit application to:
New Mexico Higher Education Dept.
Attn: Financial Aid Division
1068 Cerrillos RD
Santa Fe, NM 87505
phone: 1.800.279.9777
New Mexico Loan
Repayment Program
Sponsored by the
NM
Commission on Higher Education
to increase the number of health
professionals in shortage areas of
the state. Students apply for
repayment of their federal loans
after securing employment in a
shortage area. For more information,
contact the Commission at CHE,
Financial Aid and Student Services,
PO Box 15910, Santa Fe, NM
87506-5910, student helpline:
1-800-279-9777,
e-mail: highered@che.state.nm.us
or
Email us or call 505.272.3241
The
University of New Mexico’s Doctor of Pharmacy program is
accredited by the Accreditation Council for Pharmacy Education,
20 North Clark Street, Suite 2500, Chicago, IL 60602-5109, TEL
(312) 664-3575 , FAX (312) 664-4652,
URL
http://www.acpe-accredit.org/
05/14/2008 01:06:48 PM -0600.
