A loan for dental and medical students
What is a Health Professions Student Loan?
If you’re pursuing a D.D.S. from the IU School of Dentistry or an M.D. from the IU School of Medicine, you may be eligible for a Health Professions Student Loan (HPSL).
HPSLs have a fixed interest rate of 5 percent. Interest does not accrue during deferment and grace periods.
How do I know if I’m eligible for an HPSL?
To qualify for HPSLs, you need to:
- Be a dental or medical student whose FAFSA shows exceptional financial need
- Be enrolled full time
- Meet satisfactory academic progress standards
How much can I borrow?
If you’ve been approved, the Office of Financial Aid and Scholarships at will determine loan amounts, and the University Collections and Loan Services will handle the promissory note, entrance and exit counseling, and repayment process for HPSLs.
When do I have to start repaying my HPSL loan?
You’ll begin repaying your loan after your 12-month grace period. The grace period begins when you graduate or drop below full time.
You’ll be required to go through exit counseling when you’re scheduled to graduate from IUPUI or drop below full time. An exit interview is your opportunity to review the amount of your loans and rights and responsibilities in repaying these loans.
How do I apply for an HPSL loan?
You’re automatically considered for this loan if you submit your FAFSA using school code 001813 by the priority deadline each year. We will require information regarding your parent's tax return for the appropriate year and will reach out for those documents.
When will I know if I’m selected?
After your HPSL is approved, the Student Loan Administration will contact you at your university email address and on your To Do List to notify you to sign your promissory note. Complete the process as soon as you can to avoid a delay in your funding.
IU Indianapolis
Office of Financial Aid and Scholarships
420 University Blvd
Indianapolis, IN 46202
USA