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The Best Pharmacy School Student Loans
Updated On September 5, 2023
Editorial Note: This content is based solely on the author's opinions and is not provided, approved, endorsed or reviewed by any financial institution or partner.
Are you looking for the best pharmacy school student loans? Better yet, want to save money on your student loans? If you're like most aspiring pharmacy school students, the answer to both questions is "yes."
As you may know, pharmacy school is a considerable investment – both in time and money. So, when it comes to your student loans, make sure you understand all your options.
The average pharmacy school student graduates medical school with over $120,000 in student loans. Most pharmacy students borrow federal student loans, private student loans or both.
Federal student loans are available through the federal government. If you borrow a federal student loan, you'll get a fixed interest rate and have access to certain benefits such as income-driven repayment plans, forbearance and deferment. Plus, you can apply for student loan forgiveness through several different programs. With student loan forgiveness, you could get all or some of your federal student loans forgiven.
However, most student loan borrowers can't fund their pharmacy school education entirely with federal student loans. Why? The federal government limits the amount of federal student loans that you can borrow. Therefore, you'll likely need to explore alternative sources to fund your pharmacy school education. For example, scholarships, grants and private student loans are all potential options to pay for pharmacy school.
The good news is that there are several private student loan lenders who can offer competitive rates on your student loans. If you are applying to pharmacy school or already have been admitted, congratulations! If not, it is never too early to start planning for your student loans.
These are our top picks for the best student loans for pharmacy school. Compare lenders, loan terms and rates to find the best option for you. Learn your new student loan interest rate in a matter of minutes.
Refinance With SoFi
