Cost and Financial Aid Information For Transfer Students

Note: Students transferring into a professional program (PharmD, DPT, DrOT, MOT) with a bachelor’s degree are generally considered graduate students.  Please see Information for Graduate Students in Professional Programs for more information.

Tuition and Cost

2017–18 Costs (for students living on campus)
Tuition $38,294 *
Fees $1,700
University-sponsored Student Health Insurance – Plan Premium $1,884 †
Room and Board $15,738 - based on double room occupancy

* A professional-year differential is assessed for students enrolled in the professional phase of the Doctor of Pharmacy, Doctor of Physical Therapy, Doctor of Occupational Therapy.
† Enrollment required of all full-time students without equivalent health insurance coverage.

For more detailed information, see the Full Tuition and Fee Schedule, maintained by the Controller's Office.

Types of Financial Aid

Scholarships

University Merit-based Awards

Students are automatically reviewed at the time of admission for merit awards and can qualify for one award (with the exception of the PTK Award, which is applied in addition to a merit award). Merit awards are provided to transfers by the Admissions Office based on previous academic achievement and are renewable for the duration of the student’s estimated time to achieve degree completion.

Below each merit award the academic criteria that highly corresponds with eligibility is indicated. These are benchmarks; every student is considered individually in the context of their overall academic profile.

President's Scholarship, $8,000-$11,000 Annual Award

For transfer students
SAT: 1200 | ACT: 26 | GPA: 3.5

Phi Theta Kappa Award, $1,000 Annual Award

For PTK student-members only

Grants

USciences Grants

USciences Grants are University funds made available to students as a means of supplementing other aid sources. Students who complete the FAFSA will be considered for this grant. A student must enroll full-time to receive this award. Students may receive this award for no more than 8 semesters of full-time enrollment. USciences Grants are based on financial need, and are subject to change based on the information supplied on each year’s FAFSA.

Athletic Grants

Athletic grants are determined by the Athletic Department. Athletic awards are contingent upon the requirements and standards of that office. Please contact the Athletic Department with questions regarding this award. This is a non-need based program.

Federal Grants

Federal Pell Grant

Federal Pell Grant amounts are determined by the Department of Education based on the Expected Family Contribution from your FAFSA and full or part-time enrollment at the University. Pell Grants may only be used towards the student’s first undergraduate degree. You can learn more by visiting studentaid.ed.gov.

Federal Supplemental Educational Opportunity Grant (SEOG)

Students must be eligible for the Federal Pell Grant in order to be considered for the Federal SEOG. Federal SEOG awards are processed by the Financial Aid Office. Awards are determined for students through a combination of significant need as demonstrated on the FAFSA form and the availability of funds. These funds are awarded on a first-come, first-served basis. See studentaid.ed.gov for more information.

PA State Grants

Pennsylvania State Grant (PHEAA Grant)

PHEAA State Grants are awarded by the Pennsylvania Higher Education Assistance Agency (PHEAA) to eligible Pennsylvania residents pursuing their first undergraduate degree. Awards are based upon demonstrated financial need as determined by PHEAA from the information submitted on the FAFSA, and full or part-time enrollment. Deadline for consideration is May 1 annually. Visit pheaa.org to learn more about this grant.

State Grants from outside of PA

If you are from a state other than Pennsylvania, please check with the Office of Higher Education in your state for information regarding out-of-state use of grants. The following states allow their grants to be used out-of-state:

  • Delaware
  • Maryland
  • Ohio
  • West Virginia
  • Massachusetts
  • Rhode Island
  • New Hampshire
  • Vermont
  • Maine
  • Wisconsin
  • Alaska

Check with your State's Office of Higher Education for more information and to apply.

**New Jersey and New York do NOT allow their grants to be used out of state.

Loans

Federal subsidized/unsubsidized Direct Loans

Federal subsidized and unsubsidized Direct Loans are loans in the student's name, and do not require a credit check or cosigner. You must have financial need to receive a subsidized Federal Direct Loan, and interest does not accrue on a subsidized loan while you are enrolled at least half-time.  Financial need is not a requirement to obtain an unsubsidized Federal Direct Loan, on which interest does accrue while the student is enrolled.

  • The interest rate for 2016-17 is fixed 3.76%
  • The FAFSA must be submitted each year to borrow Federal Direct Loans
  • Origination fee for all Federal Subsidized and Unsubsidized Direct Loans is 1.069%
  • First time borrowers must complete a Master Promissory Note (MPN) AND Loan Entrance Counseling at https://studentloans.gov/myDirectLoan/index.action
  • Each year, the Department of Education will reset the fixed interest rate based on current market interest rates
  • The standard repayment term is ten years, but many repayment options are offered by the Department of Education, including extended, graduated and income-based repayment. Learn more by visiting: https://studentaid.ed.gov/sa/repay-loans.
Federal Direct Loan Annual Limits

The maximum amount a student may borrow annually is based on the student's dependency status and year in college:

Dependent Undergraduates
  Subsidized Total (Sub- and Unsubsidized Combined)
First Year $3,500 $5,500
Second Year $4,500 $6,500
Third Year and Fourth Year $5,500 $7,500
Independent Undergraduates
(and dependent undergraduates whose parents are unable to borrow through the Federal PLUS Program)
  Subsidized Total (Sub- and Unsubsidized Combined)
First Year $3,500 $9,500
Second Year $4,500 $10,500
Third Year and Fourth Year $5,500 $12,500

Please note: The Combined Total includes the subsidized eligibility portion; therefore, if an independent undergraduate second year student is eligible for $10,500 total, s/he would be eligible for $6,000 unsubsidized. If a dependent undergraduate second year student was eligible for $6,500 total, s/he would be eligible for $2,000 unsubsidized.

Students in direct-entry professional programs (combined bachelor's/doctorate programs) may borrow at the graduate level during their fifth and sixth years.  Please see the graduate loan information for more details.

Federal Direct Parent PLUS Loans

The PLUS Loan allows parents of dependent students to borrow funds to assist students in paying for their education.  PLUS loan borrowers must pass a credit check, which is performed during the application process. Parents can apply by logging in to studentloans.gov.

  • The interest rate for 2016-17 is fixed 6.31%
  • The maximum amount that a parent may borrow is the cost of attendance minus any other financial aid (including loans) received. Students whose parents apply for a Parent PLUS Loan must complete a FAFSA.
  • Origination fee for the Parent PLUS Loan is 4.276%
  • First time PLUS Loan borrowers must complete a Master Promissory Note (MPN) at The Department of Education’s website.
  • PLUS Loan borrowers who borrow with an Endorser or based on a credit appeal must also complete PLUS Counseling at studentloans.gov.
  • Each year, the Department of Education will reset the fixed interest rate based on current market interest rates
  • Repayment can be deferred while the student is enrolled at least half-time, but deferment must be requested by the borrower.  Interest will accrue during deferment.

If parents are denied for the Federal PLUS Loan for credit reasons, the student may be eligible for additional funds under the unsubsidized Federal Direct Loan program.

Federal Health Professions Loan (HPL)

The Federal Health Professions Loan is a low-interest (5% fixed rate) subsidized federal loan for dependent pharmacy students. No interest or principal payments are due until one year after a student graduates or drops below half-time status. A Promissory Note must be completed each year by the student. This loan is awarded by the Financial Aid Office and eligibility is determined based on a combination of significant need as demonstrated on the FAFSA and the availability of funds.

Federal Loan for Disadvantaged Students (LDS)

The Federal Loan for Disadvantaged Students is a low-interest (5% fixed rate) subsidized federal loan for dependent pharmacy students. No interest or principal payments are due until one year after a student graduates or drops below half-time status. A Promissory Note must be completed each year by the student. This loan is awarded by the Financial Aid Office and eligibility is determined based on a combination of exceptional need as demonstrated on the FAFSA form, specific parameters determined by the Department of Health and Human Services, and the availability of funds.

Private Alternative/Education Loans

Alternative Loans are designed to assist students and their families who need additional educational financing beyond awarded financial aid, or who are not eligible for federal grant and loan funding. Loan approval is generally based on creditworthiness and ability to repay. The primary borrower for alternative loans is normally the student; however, most dependent students will need a cosigner. Some alternative loans allow the parent or other interested borrower to borrow on behalf of the student.

The interest on most alternative loans accrues while the student is in school. However, it may be able to be deferred until after graduation or when the student ceases to be enrolled at least half time. As with any loan, careful consideration should be made in determining amounts to be borrowed, as the loan must be repaid.

For information about other Alternative Loans, see our Private Educational Loan List, also found under Forms.

Please review our Lending Code of Conduct to familiarize yourself with other details regarding Financial Aid offered by University of the Sciences.

Contact:

Financial Aid Office

Address:

Office Location: Griffith Hall, Room 100
University of the Sciences in Philadelphia
600 South 43rd St.
Philadelphia, PA 19104-4495

Phone:

215-596-8894

Email:

finaid@usciences.edu