The FAFSA application is the application students must complete once every year in order to apply for federal Stafford and Perkins loans. Please note that all Title IV HEA loans applied for are submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. See the menu on the left for other “college specific” financial aid information.
| Program Type | Subsidized | Total (Subsidized & Unsubsidized) | Perkins Loan |
|---|---|---|---|
| Undergraduate Programs | $5,500 | $12,500 | $5,500 |
| Graduate Level Programs | $20,500 | $8,000 | |
| College of Pharmacy |
10 Month academic year: $34,389 11 Month Academic Year: $35,778 12 Month Academic Year: $37,167 |
$8,000 | |
| Colleges of Medicine and Dentistry | 10 Month Academic Year: $42,722 11 Month Academic Year: $44,944 12 Month Academic Year: $47,167 |
$8,000 | |
| Interest rate | 6.8% | 6.8% | 5% |
| Student Type | Subsidized | Total (Subsidized & Unsubsidized) | Perkins Loan |
|---|---|---|---|
| Dependent Undergraduate | $23,000 | $31,000 | $27,500 |
| Independent Undergraduate & Dependent whose parents can’t get PLUS | $23,000 | $57,500 | $27,500 |
| Graduate & Professional Students | $138,500 | $60,000 | |
| Doctor of Pharmacy Allopathic Medicine Doctor of Dentistry |
$65,500 | $224,000 | $60,000 |
More information on Direct Stafford Loans
First-time recipients of a Direct Loan must complete a Direct Loan Master Promissory Note (MPN) before they can receive Direct Loan funds. Visit the StudentLoans.gov Web site at https://studentloans.gov immediately to complete a Direct Loan MPN electronically and avoid delays in receiving your loan funds!
You must have a Federal Student Aid PIN to complete a Direct Loan MPN. If you do not already have a Federal Student Aid PIN, visit http://www.pin.ed.gov/PINWebApp/pinindex.jsp to apply for one.
If you prefer to complete a paper MPN, contact the Financial Aid Office for assistance.
If you have not previously received a Direct Loan program loan, you must complete Entrance Counseling before receiving Direct Loan funds. Visit the StudentLoans.gov Web site at https://studentloans.gov immediately to complete Direct Loan Entrance Counseling and avoid delays in receiving your loan funds.
You must have a Federal Student Aid PIN to complete Direct Loan Entrance Counseling. If you do not already have a Federal Student Aid PIN, visit http://www.pin.ed.gov/PINWebApp/pinindex.jsp to apply for one.
If you prefer to complete a paper MPN, contact the Financial Aid Office for assistance.
The Graduate PLUS Loan allows graduate and professional students to borrow under the PLUS loan program up to their cost of attendance minus any other financial assistance. Please note that this loan, along with all Title IV HEA loans, are submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. To apply, please follow the following two step process:
Once the UTHSC Financial Aid Office has received this form, you will be able to view your Graduate PLUS Loan award in Banner Self-Service.
The Parent PLUS Loan allows parents of undergraduate students to borrow under the PLUS loan program up to their cost of attendance minus any other financial assistance. Please note that this loan, along with all Title IV HEA loans, will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. To apply, please follow the following two step process:
Once the UTHSC Financial Aid Office has received this form, you will be able to view your Graduate PLUS Loan award in Banner Self-Service.
See Federal Student Aid for more information on the Parent PLUS Loan.
The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data. This website can be accessed at: nslds.ed.gov.
If you already have FFEL Program loans and will now be receiving Direct Loans, consolidating your FFEL and Direct Loan program loans together into a Direct Consolidation loan may make loan repayment easier. If you consolidate, you will have just a single monthly payment. Consolidating your FFEL Program loans into a Direct Consolidation Loan may also allow you to take advantage of certain benefits that are offered only in the Direct Loan Program, such as Public Service Loan Forgiveness and the Income Contingent Repayment Plan.
To learn more about when you may consolidate, the pros and cons of doing so, and the application process, visit www.loanconsolidation.ed.gov or call 800/557-7392 (TDD/TTY: 800/557-7395).
For additional information about Direct Loans, visit www.direct.ed.gov/student.html or the Financial Aid office for more information.
Under certain circumstances, the Federal government will cancel all or part of an educational loan. This practice is called Loan Forgiveness. Students who are interested in gathering more information on loan forgiveness programs can start their search at Finaid.org’s Loan Forgiveness web page.
If you have trouble making your education loan payments, immediately contact the organization that services your loan. You might qualify for a deferment, forbearance, or other form of payment relief. It's important to take action before you are charged late fees. For Federal Perkins Loans, contact your loan servicer or the school that made you the loan. For Direct and FFEL Stafford Loans, contact your loan servicer. If you do not know who your servicer is, you can look it up in the U.S. Department of Education’s National Student Loan Data System (NSLDS).
Under certain conditions, a Perkins loan can have a portion of the debt (including interest) waived. If you qualify, use these forms to request deferment/cancellation of your loan. If you are not sure which deferment/cancellation to apply for, you can review a list of possible deferments/cancellations, including the conditions under which each can be granted.
Information and the application for Emergency Loans can be found on the Bursar’s Office Loan Information website.