Federal Direct Stafford Student Loans
Loan limit is $8,500 per year as a graduate or professional student. Students are not charged interest while enrolled at least half time. Interest rate is 6.8%. Need analysis (FAFSA) is required.
For more information go to Department of Education Stafford information.
Federal Direct Unsubsidized Stafford Loans
D.O. and D.P.M. students
- $32,000 for 9 month academic year
- $34,222 for 10 month academic year
- $36,444 for 11 month academic year
- $38,667 for 12 month academic year
M.P.H. students
- $24,500
All other programs
- $12,000
Interest is charged during in-school period. Interest rate is 6.8%. Need analysis (FAFSA) is required.
The aggregate limit for subsidized and unsubsidized Stafford loans is:
- D.O. and D.P.M. is $224,000
- All other programs $138,500
Students cannot exceed these limits.
Federal Direct GradPLUS loan
Maximum-cost of attendance budget minus all other financial aid resources. Interest rate fixed at 7.9%, accrues in school and a fee of up to 4% is deducted at disbursement. FAFSA is required.
For more information go to Department of Education Grad Plus information.
Federal Perkins Student loan
Maximum of $8,000 per year graduate/professional. Application available on the portal. Parental information is required. Students are not charged interest while in school. Need analysis (FAFSA) is required. Interest rate is fixed at 5 percent. Limited funds available to students with exceptional financial need. Priority deadline is May 2.
Federal Super Primary Care loan
Obtained by applying through the University. Available only to fourth-year D.O. students who agree to complete a primary-care residency and practice in primary care until the loan is paid in full. This is a federal government loan that is based on exceptional financial need and requires parental information. Interest rate is fixed at 5 percent and interest does not accrue during school or residency. Loan amount is up to $100,000 and loan proceeds are used to pay off prior years DMU medical school loans. All fourth-year D.O. students are notified in the fall of loan requirements, application procedures and deadline information if funds are available. Limited funds.
Residency and relocation loans
Available to students in their final year of study. These alternative loans are designed to provide students with additional funds to help offset the expenses associated with travel and relocation costs for interviews, etc. These loans require a credit check and do not require the financial aid office to certify the application, so they do not count toward your student expense budget. Before you utilize one of these programs, please verify that you have exhausted eligibility in other financial aid programs.
Refund advance
Des Moines University has an refund advance available to any student who faces a short-term financial crisis. Refund advances given out by the business office will be deducted from that student’s next scheduled disbursement. Some restrictions may apply. Check with the accounting office for details.