Financial Aid for Doctor of Physical Therapy
Welcome to the Doctor of Physical Therapy program and thank you for considering Faulkner University to continue your education! I look forward to helping you with any financial aid needs you may have. I hope the information below gives you a better understanding of your financial aid eligibility and the application process. The estimated cost of tuition and fees for the first year (fall, spring, and summer semesters) is $41,025.00. The maximum amount of financial aid you can receive is $85,950.00 for the first year. Financial aid includes all federal aid, scholarships, and other outside aid.
A variety of financing options are available to help students meet the cost of the program, including Federal Direct Loans, Private Lenders, Personal Scholarships, and VA benefits.
Federal Student Loans
With an approved FAFSA, you are automatically qualified to borrow a maximum of $20,500.00 per award year in a Direct Unsubsidized Loan as a graduate student. The interest rate is set by the Federal government each year; for loans issued on or after July 1, 2026, and before July 1, 2027, the interest rate will be 8.07% for the life of the loan. The interest rate will be updated once we are provided with the new rate by the Department of Education. There is a 1.057% origination fee charged by the U.S. Department of Education on all Direct Unsubsidized Loans, which is deducted before disbursement. The borrower should expect to receive 1.057% less money than he or she asked to borrow.
Private Student Loans
In addition to the Federal Direct education loans, there are Private education loans available through lending institutions. Since the maximum available to borrow in federal student loans is not enough to cover the estimated tuition and fees, private loans may be a good option to make up the difference. These loans are independent from the federal government, and interest rates and repayment terms are set by the lending institution and will depend on your creditworthiness. Just as with the federal loans, private loans require that the school certify your cost of attendance and academic eligibility as an enrolling or continuing student. To borrow private loan funds, apply directly with the lender of your choice. The two most used lenders by our students last year were Sallie Mae (salliemae.com) and College Ave (collegeave.com). However, there are many to choose from, and we encourage you to do your own research and comparisons.
What to Do Next
Based on your anticipated schedule, the estimated cost of tuition and fees for the first year (fall, spring, and summer semesters) is $41,025.00, not including books. The maximum you can borrow for the year is $85,950.00. However, a loan request of $42,200.00 should be enough to cover the estimated cost of tuition and fees plus the loan origination fee charged by the Department of Education.
- If you intend to borrow (federal or private funds or utilize both), click on the link below for the loan information sheet and complete the form to let us know how much you will borrow for the entire year (fall, spring, and summer semesters).
https://www.faulkner.edu/forms/student-loan-information-sheet/
- If you choose federal student loans, make sure you have completed the Entrance Counseling and signed a Master Promissory Note for the Direct unsubsidized loan. You can go to studentaid.gov to complete these items. If you borrowed previously at the undergraduate level, you may already have completed these items.
Entrance Counseling | Federal Student Aid
Completing a Master Promissory Note | Federal Student Aid
- If you choose private loans, you will follow the directions on the website of the lender you choose.
- Additionally, the Department of Education requires we receive permission from you to send the summary of financial aid, once the aid is processed, via your Faulkner email. Otherwise, it will be mailed to the address we have for you in our system. The link for the form granting permission is below:
Financial Aid Award Notification
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Doctor of Occupational Therapy
Welcome to the Doctor of Occupational Therapy program and thank you for considering Faulkner University to continue your education! I look forward to helping you with any financial aid needs you may have. I hope the information below gives you a better understanding of your financial aid eligibility and the application process. The estimated cost of tuition and fees for the first year (fall, spring, and summer semesters) is $38,775.00. The maximum amount of financial aid you can receive is $80,850.00 for the first year. Financial aid includes all federal aid, scholarships, and other outside aid.
A variety of financing options are available to help students meet the cost of the program, including Federal Direct Loans, Private Lenders, Personal Scholarships, and VA benefits.
Federal Student Loans
With an approved FAFSA, you are automatically qualified to borrow a maximum of $20,500.00 per award year in a Direct Unsubsidized Loan as a graduate student. The interest rate is set by the Federal government each year; for loans issued on or after July 1, 2026, and before July 1, 2027, the interest rate will be 8.07% for the life of the loan. There is a 1.057% origination fee charged by the U.S. Department of Education on all Direct Unsubsidized Loans, which is deducted before disbursement. The borrower should expect to receive 1.057% less money than he or she asked to borrow.
Private Student Loans
In addition to the Federal Direct education loans, there are Private education loans available through lending institutions. Since the maximum available to borrow in federal student loans is not enough to cover the estimated tuition and fees, private loans may be a good option to make up the difference. These loans are independent from the federal government, and interest rates and repayment terms are set by the lending institution and will depend on your creditworthiness. Just as with the federal loans, private loans require that the school certify your cost of attendance and academic eligibility as an enrolling or continuing student. To borrow private loan funds, apply directly with the lender of your choice. The two most used lenders by our students last year were Sallie Mae (salliemae.com) and College Ave (collegeave.com). However, there are many to choose from, and we encourage you to do your own research and comparisons.
What to Do Next
Based on your anticipated schedule, the estimated cost of tuition and fees for the first year (fall, spring, and summer semesters) is $38,775.00, not including books. The maximum you can borrow for the year is $80,850.00. However, a loan request of $39,000.00 should be enough to cover the estimated cost of tuition and fees plus the loan origination fee charged by the Department of Education.
- If you intend to borrow (federal or private funds or utilize both), click on the link below for the loan information sheet and complete the form to let us know how much you will borrow for the entire year (fall, spring, and summer semesters).
https://www.faulkner.edu/forms/student-loan-information-sheet/
- If you choose federal student loans, make sure you have completed the Entrance Counseling and signed a Master Promissory Note for the Direct unsubsidized loan. You can go to studentaid.gov to complete these items. If you borrowed previously at the undergraduate level, you may already have completed these items.
Entrance Counseling | Federal Student Aid
Completing a Master Promissory Note | Federal Student Aid
- If you choose private loans, you will follow the directions on the website of the lender you choose.
- Additionally, the Department of Education requires we receive permission from you to send the summary of financial aid, once the aid is processed, via your Faulkner email. Otherwise, it will be mailed to the address we have for you in our system. The link for the form granting permission is below:
Financial Aid Award Notification