Federal/State Scholarship Resources

The following websites provide information about general scholarship/aid and grant resources available to students. This list isn't all-inclusive and inclusion in this list doesn't imply endorsement by APTA.

Specific academic institution scholarships and financial aid aren't listed on this site; however you are encouraged to check with any specific academic institution about financial aid available to students enrolled in a program within that academic institution.

Federal Loans

  • Graduate PLUS Loan

    For students who need financial assistance beyond the Stafford Loan maximum, there is the federal Graduate PLUS Loan program. The PLUS Loan allows for the deferment of repayment while the student is enrolled in the PT program. The PLUS Loan carries a fixed 7.9 percent interest rate. The maximum amount a student may borrow from the PLUS Loan program is $56,635.

  • Indian Health Service (IHS) Scholarship

    The Health Professions Scholarship Program, under the direction of the US Department of Health and Human Services, is only for American Indian and Alaska Native students, who are members of their Tribe (federally recognized only) and enrolled in health professions and allied health professions programs. Students incur service obligations and payback requirements on acceptance of funding from this program. Priority is given to graduate, junior, and senior-level students, unless otherwise specified.

  • Unsubsidized Stafford Loan

    There are no longer Federal subsidized Stafford loans available for PT and other graduate students, regardless of need. Only UN-subsidized Stafford loans are available to graduate students. Graduate students may borrow up to $20,500 through the Unsubsidized Stafford Loan program. The student will be charged interest from the time the loan is disbursed until it is paid in full. If the interest is capitalized (allowed to accumulate) it will be added to the principal amount of the loan and will increase the amount the borrower will have to repay. If the choice is made to pay the interest as it accumulates, the total interest charges paid during repayment will be considerably less. The maximum unsubsidized loan for graduate and professional study is $20,500 per year. The total amount a PT or any graduate student may borrow from all Stafford Loans combined is $138,500 (no more than $65,000 of this amount may be in subsidized loans). The graduate borrowing limit includes any Stafford Loans received for undergraduate study. Unsubsidized Stafford Loans are still eligible for Income Based Repayment (IBR) if they qualify through the federal government. Through IBR, borrowers are only responsible for paying 15% of their monthly income and after 25 years, the remainder of the loan is forgiven.

Additional Financial Aid Resources

  • College Scholarship.org

    Provides a directory of college scholarships, grants, and loans available to undergraduate and graduate students.

  • ExploreHealthCareers.org

    Provides information about a broad array of health career opportunities and funding opportunities available for these various careers

  • FAFSA.ed.gov: Free Application for Federal Student Aid

    Provides free application for aid, plus Student Aid on the Web resource for information from the US Department of Education on preparing for and funding college education

  • FedMoney.org

    FedMoney.org is the most comprehensive FREE full-text online resource on all US government grants and student financial aid programs.

  • Federal Student Aid

    o Federal Student Aid is responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965. These programs provide grants, loans, and work-study funds to students attending college or career school.

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