University of South Carolina

Financial Aid & Scholarships


Health Professional Student Loans

Health Professions Student Loan (HPSL)

The Health Professions Student Loan Program (HPSL) is a federal loan program that is funded by the U.S. Department of Health and Human Services. These loans are need-based and are available to students enrolled full-time in the professional pharmacy program on the Columbia campus of the South Carolina College of Pharmacy. The interest rate is fixed at 5% with a 12 month grace period after ceasing at least half-time enrollment before repayment begins and interest begins to accrue. Parental data must be provided on the FAFSA to be considered for these loans.

Loan amounts vary but cannot exceed the cost of attendance minus other aid.

Borrowers must complete entrance counseling and a promissory note before funds are disbursed and must complete exit counseling when leaving the university. After clicking the link, choose the "Initial Loan Processing" tab.

Primary Care Loan Program/Super Primary Care Loan Program

The Primary Care Loan Program (PCL) and Super Primary Care Loan Program (SPCL) are federal low cost loan programs for medical students committed to primary health care practice. They are funded by the U.S. Department of Health and Human Services. These programs are available to medical students at the School of Medicine at the Columbia campus who are enrolled full-time. Parental data may be required on the FAFSA to be considered for this loan program.

The interest rate is fixed at 5% with a 12 month grace period after ceasing at least half-time enrollment before repayment begins and interest begins to accrue. There is a service requirement to maintain the 5% interest rate. Medical students receiving a PCL/SPCL must agree to:

  • enter and complete residency training in primary care within four years after graduation and
  • practice in primary care for the life of the loan.

If the borrower fails to comply with the service requirements, the interest rate will increase by 2% per year.