Health Professions Loans are available to students enrolled in either the College of Pharmacy or the Michigan College of Optometry. Only students enrolled full-time (9 or more credit hours), who have financial need are eligible. The funds allocated for this program are limited; therefore, Ferris State University exercises a first-come, first-serve policy for awarding individual funds to students. Students must have completed the Free Application for Federal Student Aid (FAFSA); however, no additional application is required. Award amounts vary. Repayment begins one year after graduation (or leaving the curriculum.) The interest rate is fixed at 5%. Students wishing to receive this loan must provide parental federal income tax returns to the Office of Scholarships and Financial Aid (regardless of the student’s age or marital status.)