Health Professions Loan

Loan Information

Health Professions Loans are available to students enrolled in either the College of Pharmacy or the Michigan College of Optometry only. Funding for these loans is extremely limited and offered on a first-come, first-serve basis.

Health Professions Loan

• Student must be enrolled Full-time (9 or more credit hours) in the College of Pharmacy or Michigan College of Optometry
• Must complete the FAFSA with parental information (regardless of age or dependency status)
• Need-based * (you will not know how to determine need)
• Interest rate is 5% fixed - No interest until repayment
• Funds are sent directly to the school
• Repayment begins one year after graduation or leaving the curriculum
• Loan amounts are limited and vary. 
• Students in eligible programs will be notified when applications become available

To Apply for the Health Professions Loan

• Students enrolled in Pharmacy and Optometry programs will be sent an email in late May to early June, advising them that Health Professions Loan applications are available.
• Applications will be date and time stamped when received, and reviewed in the order of receipt.
• Once we have received more than enough applications to expend Health Professions Loan funding, we will remove the applications from our website.
• If parental information is not included in the application packet when submitted, the student is ineligible for the Health Professions Loan and the application will be denied. 
• Health Professions Loans are "need-based". The Financial Aid office will use the federal methodology formula to determine eligibility based on the parent's tax data and Net Worth Forms included with the application. Because costs are typically higher for Pharmacy and Optometry programs, students that were not eligible for need-based aid as undergrad students may qualify for Health Professions Loans.  
• All students that submit a Health Professions Loan application will be notified of the result of their application, whether they are awarded the loan; ineligible for the loan; or if funding was expended before their application was reviewed. Notifications will be emailed to all applicants by July 1.

2024-25 HPL Applications are now Closed

Health Professions Loan Disclosure Statement

The Loan Servicer for the Health Professions Loan is ECSI

ECSI Website 

ECSI Customer Service (888) 549-3274

ECSI Mailing Address for students/borrowers and payments:

Ferris State University c/o ECSI

PO Box 1287

Moon Township, PA 15108-4354