Financial Aid and Loan FAQs

​Financial aid and loan programs are increasingly important to students and families. The College hopes this information will help students make prudent and thoughtful decisions about financing their PharmD education.

Financial Aid

Federal Student Aid, an office of the U.S. Department of Education, ensures that all eligible individuals can benefit from federally funded financial assistance for education beyond high school. All eligible students are encouraged to complete a Free Application for Federal Student Aid (FAFSA) every January to receive maximum loan options, as available.

UK's Financial Aid Deadline is March 15.

Eligible students should complete the FAFSA or Renewal FAFSA online by UK's Priority Deadline as stated above. The FAFSA application is available online. To have your information sent to the University of Kentucky, enter school code: 001989. UK’s Financial Aid office will update myUK student accounts in mid-June with the amount of aid for which they qualify.

Because Pharm.D. students are considered Professional Students, they are no longer eligible for federal and state grants (Federal Pell Grant, Kentucky CAP grants, and Federal Supplemental Educational Opportunity Grant).

If a student has questions, the UK Office of Student Financial Aid can assist individuals with information regarding their personal accounts. Every UK student has a personal Financial Aid Counselor as listed on the Office of Financial Aid Contacts webpage.

Federal Loans

Federal loans are administered by the UK Office of Student Financial Aid. Application for these loans requires that students complete the FAFSA each January. Specific details are available on the UK Office of Student Financial Aid Loans webpage regarding the loan options listed below:

Health Professions Loan

The HPSL is a federal student loan and is restricted to students seeking professional degrees in pharmacy, dentistry or medicine. Loan amounts will vary according to availability of funds. Applicants for this loan must include parental information on the FAFSA each year.

Loans for Disadvantaged Students

The LDS loan, a federal loan program, is restricted to students from low income and disadvantaged backgrounds seeking training in the health professions. Loan amount varies according to availability of funds. Applicants for this loan must include parental information on the FAFSA each year.

Alternative Loans

lStudents can possibly borrow the difference between federal loans and the cost of education. UK's Office of Student Financial Aid provides information on alternative loans.

The American Association of Colleges of Pharmacy (AACP) has a section on their website with some national scholarship information.

Financial Aid and Loan Questions

UK Office of Student Financial Aid
128 Funkhouser Building
Lexington, KY 40506
Phone: 859-257-3172
Title IV code: 001989