Loans

There are many different options for loans available to you.

Federal Direct Subsidized Loan

You must demonstrate financial need and meet other specific eligibility requirements as determined by the U.S. Department of Education.

  • For undergraduate students only
  • Must be enrolled at least half-time
  • 0% interest while enrolled at least half-time
  • 4.45% fixed interest rate
  • Six-month grace period before repayment begins

Federal Direct Unsubsidized Loan

You do not need to demonstrate financial need for this loan. However, you must meet specific eligibility requirements as determined by the U.S. Department of Education.

  • Interest accrues throughout the life of the loan
  • 6% fixed interest rate for DC and 4.45% fixed interest rate for Undergraduate students
  • Six-month post-graduation grace period before repayment begins

Federal Graduate PLUS Loan for Graduate Students (Grad PLUS)

You don’t need to demonstrate financial need. The annual limit is equal to your cost of attendance, as defined by Palmer College of Chiropractic, minus any other financial aid received.

  • For the Doctor of Chiropractic program students only (must be enrolled at least half-time)
  • 7% fixed interest rate
  • Complete Free Application for Federal Student Aid (FAFSA) application first
  • Complete Federal PLUS Application
  • Successful credit check required

Federal Direct Parent Loan for Undergraduate Students (PLUS)

You do not need to demonstrate financial need. This loan is for a parent borrower. A parent is currently defined as a person’s natural or adoptive mother or father, step-parent or legal guardian. An annual limit is determined and is equal to the student’s cost of attendance, as defined by Palmer College of Chiropractic, minus any other financial aid the student is receiving.

  • Dependent student must attend college at least half-time
  • 7% fixed interest rate
  • Complete Free Application for Federal Student Aid (FAFSA) application first
  • Parents complete Federal PLUS Application
  • Successful credit check required

Private/alternative loans

The Office of Financial Planning recommends students utilize federal student loans before considering private educational loans. Learn why and read our full private loan disclosure.

Private (non-federal) loans require special applications. The Free Application for Federal Student Aid (FAFSA) application does not apply here.

  • The terms vary widely, as do eligibility criteria, so research your options carefully
  • Choose a loan that best suits your needs
  • Utilize FASTChoice to review potential loan options
  • Provide all requested documentation
  • Follow application procedure specific to loan

Choose your program