Students who are enrolled full time in the professional pharmacy program at the University of South Carolina College of Pharmacy may be eligible. The Health Professions Student Loans are need-based loans with an interest rate fixed at 5 percent. Repayment begins 12 months after a student ceases to enroll at least half time. To be considered, parental data must be provided on the FAFSA.
Loan amounts vary but cannot exceed the cost of attendance minus other aid.
South Carolina Rural Health Loan Forgiveness Program
The South Carolina Rural Health Loan Forgiveness Program is a program started by the SC Center for Rural and Primary Healthcare (SCRPH). The SCRPH works to provide access to healthcare in rural areas across the state. The loan forgiveness program allows gifted and qualified students in a public medical or health professions school to aid in increasing the rural healthcare workforce.
To be eligible for this loan forgiveness program, the student must be:
- A citizen of the U.S.
- Able to be professionally licensed in SC
- Enrolled at a SC affiliated health professions school
- Enrolled in a physician (MD), physician assistant (PA), or nurse practitioner program (APRN)
Funding for this award is limited. You must apply by April 1, 2021. Students can get funding for up to $150,000 for a four year MD program. For APRN and PA programs, funding is up to $20,000 each year, but limited to $40,000.
To receive this award, you must also agree to work at a South Carolina practice in a rural area. You also would agree to practice in a primary care or a critical need specialty after you graduate. The term of service is at minimum four years for MD graduates. The term of service for a nurse practitioner or physician assistant is at minimum three years.
To find out more about the program or to apply, visit the SC Center for Rural and Primary Healthcare website.