Scholarships and Aids
The following types of financial aid are available for DPT students. Typically, students will receive a combination of aid depending on financial need and availability of funds.
Graduate Assistantships to Third Year DPT-students
A limited number of graduate assistantships are offered to third year students based on their scholastic achievements during the DPT program. These assistantships are offered on a competitive basis.
Martin V.B. Teem Scholarship
Based on financial need; approximately $500 to $1,000 per semester.
W. Robert Wellborn Academic Health Scholarship
Based on financial need; amount varies.
Lettie Pate Whitehead Scholarship
Based on financial need; approximately $1,000-$2,000 per semester; must be Christian female from Southeastern U.S.
Allied Health Tuition Loan
Based on financial need; approximately $1,000 per semester; 4.22% interest rate; 6-month grace period; no interest assessed until grace period expires; up to 10 years to repay; requires a parent to cosign.
The Steven L. Wolf Scholars Fund
The Steven L. Wolf Scholars Fund supports an outstanding student or students in the Dual Doctor of Physical Therapy (DPT)/PhD Degree Program. This fund honors Dr. Wolf and his many contributions to Emory and the field of physical therapy.
Direct Federal Unsubsidized Stafford Loan
Not based on financial need; up to $20,500 per academic year; 5.31% interest rate; interest is assessed as soon as student receives full disbursement of loan but student can allow interest to accumulate and accumulated interest is added to loan amount when student begins repayment; up to 10 years to repay (may be extended up to 25 years depending on total indebtedness); no cosigner required.
Direct Federal GradPLUS Loan
Not based on financial need; can borrow up to the Cost of Attendance (see below) minus any other aid student is receiving; 6.31% interest rate; repayment begins 60 days after student receives full disbursement of loan but student can request a deferment until 6 months after leaving school; interest accumulates if student defers payments while enrolled; up to 10 years to repay (may be extended up to 25 years depending on total indebtedness); student must pass a credit check or have a credit-worthy cosigner.
Students are encouraged to take advantage of all institutional and federal aid before turning to private loans, which may have higher interest rates and/or lack some of the other benefits of federal aid. However, students who have reached federal loan limits or fail to meet certain academic requirements may need to look to private loans for assistance. These loans are available from some banks that participated in federal loans previously. Borrowers must be credit-worthy or have a credit-worthy cosigner. Check the Office of Financial Aid website for more information.
The university Office of the Registrar is responsible for certifying the eligibility and enrollment for students receiving veterans educational benefits. More information is available at www.registrar.emory.edu/Students/VA/
Emory Payment Plan
This plan is available to help students pay any balance owed to the university for tuition and fees over the course of the semester. Rather than paying the entire balance at the beginning of the semester, students make four scheduled monthly payments. (The payment plan is divided into three payments during summer semester.) There is a $60 fee to enroll in the payment plan. For details, see studentfinancials.emory.edu/emory-payment-plan-sa.aspx.
Financial Assistance and Support to Therapy Students (F.A.S.T.S.)
F.A.S.T.S.’s goal is to have a positive impact on the number of practicing minority physical therapists and physical therapist assistants in the state of Georgia by providing financial assistance. Student must be a Georgia resident and demonstrate financial need. The deadline to apply is September 1. Contact: F.A.S.T.S., P.O. Box 360864, Decatur, Georgia 30036-0864.
American Physical Therapy Association
Offers a publication containing information on financial aid. The “Resource Guide on Financial Assistance” can be ordered from APTA’s service center, phone: 800.999.2782, ext. 3395.
National Institutes of Health Loan Repayment Program NEW OPPORTUNITY
NIH is inviting health professionals engaged in biomedical and behavioral research to apply online for a loan repayment award. The loan repayment programs (LRPs) are a vital component of our nation’s efforts to recruit and retain highly qualified professionals to careers in research.
NIH annually awards loan repayment contracts to approximately 1,600 health professionals with an average award of $52,000. More than 50% of the awards are made to individuals less than 5 years out of school. Approximately 40% of all new applicants are funded and 70% of renewals are funded.
NIH will repay up to $35,000 annually of qualified educational debt for health professionals pursuing careers in one of the five Loan Repayment Programs (LRPs). The programs also provide coverage for Federal and state tax liabilities.
To qualify, applicants must possess a doctoral-level degree, devote an average of 20 hours per week or more to research funded by a non-profit organization, university, or government entity (NIH grant support is not required). Applicants must also have outstanding educational loan debt equal to at least 20% of their institutional base salary and be U.S. citizen or permanent resident. http://www.lrp.nih.gov.
The Jack Kent Cooke Foundation Graduate Scholarship Program
will award approximately 35 scholarships to seniors and recent graduates planning to attend graduate school for the first time. Each award covers a portion of educational expenses, including tuition, living expenses, required fees, and books for the graduate degree chosen. The amount and duration of awards vary by student based on the cost of attendance and the length of the graduate program as well as other scholarships or grants received. The maximum available per student per year of study is $50,000 and the maximum length is six years.