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Husson University Alumni and Friends

Graduate/Professional Financial Aid

William D. Ford Federal Direct Loans

The William D. Ford Federal Direct Loan Program is the largest federal student loan program for graduate and undergraduate students. Under this program, the Department of Education is your lender rather than a bank or other financial institution. These loans are administered through Husson University’s financial aid office. To become eligible, you must complete the Free Application for Federal Aid (FAFSA).

There are two types of Direct Loans that graduate and professional degree students may receive:

Direct Unsubsidized Loans

Eligible graduate and professional degree students may borrow up to $20,500 per school year. Graduate and professional students enrolled in certain health profession programs may receive additional Direct Unsubsidized Loan amounts each academic year. Contact your school’s financial aid office for details.

Direct PLUS Loans

Eligible graduate and professional degree students who need to borrow more than the maximum unsubsidized loan amounts to meet their education costs may apply for a PLUS loan. A credit check will be performed during the application process. 

Private Loans

Please note that there are also Private Loan options available for Graduate Students, visit www.elmselect.com to find the right option for you. A credit check will be performed during the application process if you decide to pursue a private loan. 

School of Pharmacy

Students enrolled in Husson University's Doctor of Pharmacy (PharmD) program are eligible for financial aid. The process for applying for financial aid depends upon the student's classification. For instance, some first year students will be classified at the undergraduate level while many will be classified at the professional level.

Classification of PharmD Students

Students who enter the PharmD program will be classified at the graduate/professional level only if they have already completed the equivalent of three years of full-time study. Therefore, students entering the PharmD program with 72 credit hours completed or more will be classified as graduate/professional students. Students classified as graduate/professional are not required to include their parents' information on the FAFSA for federal aid purposes.

Any student entering the PharmD program with less than 72 credit hours completed must be classified as an undergraduate level student according to federal student aid regulations. However, if the student is also accepted into and enrolled at least half time each semester in one of the master's programs at the same time, they can be classified as graduate/professional. Students classified as undergraduate are required to include their parents' information on the FAFSA, and must answer "no" to question 47 on the FAFSA form.

Combined Undergraduate/Graduate Programs

BS/MBA   BS/MCJA   BS/MSOT   BS/DPT

Students in these programs are awarded aid as undergraduate students until they reach the required number of credits to be a graduate student (typically 120 credits).  While this varies slightly for each of the five and six year programs, it is generally after four years or when the student attains a bachelor's degree. 

When a student becomes a graduate student, per federal regulation, they can only receive an unsubsidized Direct Federal loan up to $20,500 per year.  They may also be eligible to borrow a Graduate PLUS loan and to receive Federal Work-Study.  There are limited shcolarship funds for a student to apply for at the graduate level and, unlike the undergraduate level, none are awarded automatically through the admissions process. 

Please be aware that moving from undergraduate to graduate study will significantly change your financial aid eligibility.