The USC School of Pharmacy is committed to helping all eligible students achieve their educational goals regardless of economic status. There are several need-based low interest rate loans, non-need based loans and private loan programs available to eligible students.
Please Note: Several Regulatory Science courses are short term courses of 8 weeks each. Students who receive financial aid will need to work closely with their Regulatory Science Advisor to make sure that their course schedule each semester adheres to 16 weeks of study. Doing so is mandatory in order to maintain financial aid eligibility.
Financial Aid Office Contact Information:
USC School of Pharmacy
Financial Aid Office
Applying for Financial Aid
If you are a U.S. Citizen or permanent resident, you should apply for financial aid even if you have not received an admission notification and/or will receive institutional aid such as tuition remission, stipend, living expenses, allowance, etc.
Complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov
How to complete FAFSA Application:
USC’s Federal School Code is 001328.
Complete all student sections.
- Complete the Enrollment and Housing Form. To complete the form please log in to Financial Aid Summary and Tasks (FASTS) at https://you.usc.edu/login/
- If additional information is requested from you, respond within 30 days.
- After you have been admitted and met all eligibility requirements you will receive notification of your financial aid eligibility.
- At that time, you may go on line to My Financial Aid and Documents and sign into Financial Aid Summary and Tasks (FASTS) https://you.usc.edu/login/ to view your financial aid award.
Important Note: Documents submitted to USC School of Pharmacy, Financial Aid Office become the property of the school and cannot be returned to the student or duplicated for any purpose.
Types of Aid
Educational Loan Programs
Students borrow from a variety of loan programs to fund their education. When determining the amount to borrow, you should take into consideration your level of indebtedness from previous academic programs.
Loans are money you borrow that must be repaid with interest and some may involve extra fees. There are loans that are need-based while others are not.
Federal Direct Unsubsidized Stafford Loans
This loan is available to eligible citizens and non-citizens.
Interest rate is 6.6%. Interest rates will be determined each June for new loans being made for the upcoming award year, which runs from July 1, 2018 to the following June 30, 2019.
There is an origination fee of 1.066% on loans first disbursed on or after October 1, 2017 and before October 1, 2018. On loans first disbursed on or after October 1, 2018 and before October 1, 2019 the origination fee is 1.062%. Federal Origination Fees will be deducted from each disbursement.
Students enrolled for fall and spring receive a maximum of $20,500 annually.
More information about Federal Direct Stafford Loans.
Federal Direct Graduate PLUS Loans
If you need additional financing after you have borrowed the maximum Federal Direct Stafford Loan amount, USC suggests the Federal Direct Graduate PLUS Loan because it has a fixed interest rate and the credit check is less intensive that private student loans.
This loan is credit-based rather than need-based.
Interest rate is 7.6% Interest rates will be determined each June for new loans being made for the upcoming award year which runs from July 1, 2018 to June 30, 2019.
There is no pre-payment penalty.
A Federal Origination Fee will be deducted from each disbursement of 4.264% on loans first disbursed on or after October 1, 2017 and before October 1, 2018. On loans first disbursed on or after October 1, 2018 and before October 1, 2019 the origination fee is 4.248%.
You must be a U.S. citizen or permanent resident to apply.
Private Financing Programs
These private financing programs are unsecured educational loans made by private financial institutions such as banks or credit unions.
It is advisable for students to apply for Federal Title IV education loan programs that are available before considering a private educational loan program. The repayment terms of the Federal loan programs may be more favorable than the terms of the private loan programs and may not be included in the Federal Direct Consolidation Loans.
Interest rates are based on the creditworthiness of the student borrower and/or the co-borrower and will vary on a monthly or quarterly basis. Repayment generally begins immediately after loan disbursement.
In-school deferments, grace periods and forbearance may be available. Ask your lender for more information.
More information about private financing.
Other Private Financing Information: Scholarships
Some prospective students have asked whether we have suggestions about private scholarships that might be available to support your studies with us. We wanted to provide you with some links that may be helpful.
Our department does not endorse any of these particular search links. However, among the available search engines, these appear to provide more legitimate leads than some of the search engines that charge a fee for services.
USC Financial Aid Office (administers federal aid programs, including Federal Work-Study awards; coordinates departmental scholarships and stipends).
The Graduate School (administers fellowship programs and provides information about non-university funding sources).
Students are encouraged to explore opportunities through the USC Fellowships and Awards database.
Federal agencies and private foundations (support for students engaged in specific fields of study).
Corporations (fellowships or tuition reimbursement for employees).
If you have any special circumstances that you want the Financial Aid Office to consider, please contact the School of Pharmacy Financial Aid Office directly by e-mailing firstname.lastname@example.org or calling (323)442-1466 and asking for a Financial Aid Advisor.
Evaluating your special circumstances is subject to Federal and State regulations. We advise you to consider your total loan debt before borrowing additional loan funds.
Budget adjustments for Special Circumstances may include:
Mandatory USC Student Health Insurance
Rent costs exceeding standard budget
Disability related expenses
Child care expenses
On Line Financial Aid Status Review:
To review your document status, obtain detailed information about documents you need to submit and to review your financial aid awards, please visit Financial Aid Summary and Tasks (FASTS) at https://you.usc.edu/login/