Approximately 90% of Pacific students take out some type of loan to help with their educational expenses. While borrowing for dental school may be necessary, we encourage you to follow a budget and try to reduce expenses when possible. Budgeting and being a wise borrower will decrease your student loan debt that will need to be repaid after graduation.
Both the Unsubsidized and Graduate Plus loans begin to accrue interest once they are disbursed to the school. A Pacific student who borrows the maximum amount for direct cost and living allowance may accrue as much as $45,000 in interest by the end of the three-year program.
Commitment Service Scholarship
Commitment service scholarships provide support for educational and living expenses while enrolled in dental school. In exchange, recipients are required to serve in the military or in areas with health care shortages after graduation. For specific information, please contact:
- Army HPSP Scholarship: 888.550.2769
- Navy Scholarship: 800.872.6289
- Air Force Scholarship: 888.919.2700
- National Health Service Corps: 800.221.9393
- WICHE: 303.541.0200
- Indian Health Service (I.H.S.): 301.443.6197
Loan Repayment Programs
After you complete your education, you may be able to participate in a loan repayment program. A borrower who works in a health care shortage area providing care to underserved populations may be eligible for a federal or state loan repayment program such as the Indian Health Service, National Health Service Corp, Faculty Loan Repayment program or National Institutes of Health. The Armed Forces offers a loan repayment plan to eligible military personnel.
The links below will help give you general financial aid information.
- UOP Financing Your Education
- IDS Federal Loan Financing Brochure
- IDS Private Loan Financing Brochure
- Financing Planning Issues for Dental Students
A living allowance is awarded to help with a student's basic living expenses — housing, utilities, food, transportation and other miscellaneous costs. The federal budget reflects a modest, yet adequate cost of living for each student. Financial aid funds are intended to support a single student who will be sharing housing with another person.
The maximum living allowance (off campus) you can borrow is $2,726 per month.
The living allowance does not, and cannot be increased to cover, car payments, car insurance, credit cards, personal loans or other discretionary expenses.
The cost of dental school can be expensive, but it is an investment in your future that is well worth making.