College of Pharmacy

Welcome to the Office of Student Financial Services (OSFS). At Larkin University (LU), we are committed to providing each student with information to assist in the understanding of the financial assistance process and making financial decisions. Investing in your educational future is an immense decision and we are here to help facilitate the process.

The OSFS provides support to students who need financial assistance to pay tuition and living expenses while attending school. Students can receive financial assistance in the form of private student loans and scholarships that are offered through LU as well as outside of LU.

yaidani

Contact Information
Ms. Yaidani Rivero
Director of Student Financial Services (OSFS)
Email: YRivero@ULarkin.org
Tel: (305) 760-7513
Fax: (305) 760-7448
2nd Floor – Suite 2400 – Office 4

2022-2023
Scholarship award amount cannot exceed the cost of tuition including any additional free aid.

  • Awards up to $10,000 a year- Scholarships are based on outstanding academic performance, test scores and grade point average. The minimum criteria necessary to qualify for this scholarship includes: overall GPA 3.4, pre-requisite GPA 3.2, PCAT composite score of 60 with a minimum score of 45 per section. All admissions applications are automatically evaluated for this scholarship, with applications completed by January 15th given priority consideration.
  • Presidential Scholarship: Tuition Waiver for the Doctor of Pharmacy Program

Term Length – P1-P3 years with continuous enrollment and satisfactory academic progress. Must maintain good academic and professional standing at all times throughout the program.

Eligibility Criteria

Cumulative GPA – 3.8/4.0 scale

Pre-requisite GPA – 3.8/4.0 scale

PCAT – 80th percentile composite and above

Excellent communication skills

Procedure

When an applicant is accepted by the College of Pharmacy Admissions Committee (ADCO), the applicant will be reviewed to ensure that all criteria for the scholarship/tuition waiver have been met.  The ADCO will then use the admissions rubric scoring, which provides a normalized score to compare individual applicants to the entire pool of applicants to the LU Doctor of Pharmacy program, to rank the students for consideration for the scholarship/tuition waiver.  An administrative committee will make the final decision regarding which students will receive the scholarship/tuition waiver. Students eligible for the Presidential Scholarship will be reviewed by committee for final selection no later than April 1st.

Selected students will be notified by the LU College of Pharmacy Office of Admissions.

LU Merit Scholarships

Our office has compiled a list of scholarship resources that are offered outside of LU. Please click on each link below and browse each site to determine eligibility requirements and application deadlines.

Students can conduct additional scholarship search on their own. If a student is awarded a scholarship, it is the student’s responsibility to provide the OSFS the necessary information to be awarded accordingly.

Private Student Loans are applied for on an annual basis, at the beginning of the academic year. Private Student Loans are based on the creditworthiness of the borrower. You can increase your chances of getting approved and receiving a lower interest rate by applying with a credit worthy co-borrower.

How to Apply

  • Complete Borrowing Essentials, which provides an interactive overview of some basic information about borrowing money to pay for school. Click Here
  • Review your credit score. A good credit score means you are more likely to be approved for the student loan, and at a lower interest rate. Click Here to learn more.
  • Understanding your rights and responsibilities is extremely important when considering Private Student Loans. Choose the loan that is most suitable for you by considering each lender’s terms and conditions. To learn more of the loan options offered by our lenders and to apply Click Here

We have established a standard allowance for your direct and indirect expenses. The direct expenses are tuition and fee charges to the student’s account made by the institution. Indirectly related to your education, such as an estimate for housing, food/household supplies, transportation, and personal miscellaneous expenses.

First Year Students (P1) Class of 2024

Term Tuition Fees*
Fall 2021 $18,561 $4,440
Spring 2022 $18,561
Summer 2022 $9,280
Mandatory Fees P1* Total
Technology Fee $2,050
Computer and Software Licensing Fee (1 Year Only) $1,400
Course and Lab Fees $265
PCOA Fee $75
Student Activity Fee $200
Student Government Fee $200
Professional Liability Fee $100
Student Services Fee $100
IPPE Fee $50
Total   $4,440
*All mandatory fees due in the Fall 2021

Second Year Student (P2) Class of 2023

Term Tuition Fees**
Fall 2021 $23,201 $3,005
Spring 2022 $23,201
Mandatory Fees P2* Total
Technology Fee $2,050
Course Fees $355
Student Activity Fee $200
Student Government Fee $200
Professional Liability Fee $100
Student Services Fee $100
Total  $3,005
*All mandatory fees due in the Fall 2021

Third Year Student (P3) Class of 2022

Term Tuition Fees***
Summer 2021 $9,280 $2,505
Fall 2021 $18,561
Spring 2022 $18,561
Mandatory Fees P3* Total
Technology fee $900
APPE Fee $150
Graduation Fee $500
Course Fees – NAPLEX Prep & SLPI $680
Student Government Fee $150
Professional Liability Fee $100
Student Services Fee $25
Total $2,505
*All mandatory fees due in the Summer 2021

Other Fees

Other Institutional Fees Total
Deposit (Applied to Tuition; Non-Refundable) $500
Access Card Replacement $20
Student ID Replacement $20
Late Payment Fee $150
Transcript, Each Official $10

Indirect Cost

Students can apply for and receive funding up to the maximum COA budget (direct and indirect expenses). It is our recommendation that students borrow only what is needed and what he/she reasonably repay.

Our office is pleased to provide a monthly budget worksheet, courtesy of Sallie Mae Loans to help you calculate. To access a monthly budget worksheet Click Here

indirect 2021 2022

Important
Student’s requesting funds for indirect costs, will be receiving a stipend by term (from the LU Bursar’s Office) based on the amount borrowed. The indirect cost requested, will be divided by the OSFS, equally by term, not to exceed the max allowed per term. Stipends will be made available within 14 days of the scheduled disbursement date (when funds are sent to the university by the lender). Normally, funds are sent to the university 10 days prior to the start of each term; however, for an accurate disbursement date, please visit your lender’s website and review your account details once your loan is processed by the university. For more information on the process of stipend checks, please contact the LU Bursar’s Office.

What Financial Resources are available?
There are Private Student Loans as well as Institutional and Outside Scholarship resources available to help fund your education while attending Larkin University.

How do I apply for Scholarships?
Apply for scholarships. See above here for a list of scholarships offered.

How to Apply for Private Student Loans?
Please visit our website to compare all the loan options offered by our lenders. Choose the loan that is most suitable for you by considering each lender’s terms and conditions.

What is an interest rate?
When banks lend you money, they also charge you interest, which begins to accumulate as soon as you receive the loan. When it is time to pay back a loan, you must pay back the amount you borrowed plus interest.

What is the difference between fixed or variable interest rate?
Interest rates can be fixed at a specific rate for the entire life of a loan, or they can be variable. Some private student loans have variable rates, meaning the interest rates change at regular intervals (such as once a year). This means your interest rate, and therefore your monthly payment, may increase or decrease over the life of your loan. If you get a loan with a variable interest rate, note how often the rate is reset, when it is reset, and whether it has a maximum limit. For some loans, the interest rates are reset quarterly, while others are reset annually. Tracking rate changes helps ensure you aren’t surprised by higher interest or changing payment amounts.

What should I do prior to applying for Private Student Loans?
Prior to applying for Private Student Loans, review your credit score. Private loan lenders perform a credit check before deciding to approve your loan application. A good credit score means you are more likely to be approved for the student loan, and at a lower interest rate. See above here to learn how to understand your credit score.

What are direct expenses?
The direct expenses are tuition and fee charges to the student’s account made by the institution.

What are indirect expenses?
Indirectly related expenses to your education are those, such as an estimate for housing, food/household supplies, transportation, and personal miscellaneous expenses. Students can apply for and receive financial resources up to their Cost of Attendance.

What does grace period means?
A period after you leave school, often six months (depending on your lender), during which you do not have to make any payments.

What does deferment mean?
A period during which a lender allows you to temporarily suspend loan payments due to meeting certain eligibility requirements. For example, you may qualify for a deferment if you go back to school.

What does forbearance mean?
A period during which a lender allows you to temporarily suspend loan payments due to financial hardship.

How do I request a deferment of forbearance?
Most deferments and forbearance’s are not automatic, and you will need to submit a request to your loan servicer, often on a form. Deferment forms must then be certified by the Larking University Registrar, who is the Certifying Official. Please click here for additional information.

Who is my loan servicer for federal student loans?
Visit My Federal Student Aid to view information about all the federal student loans you have received and to find contact information for the loan servicer or lender for your loans.

Who is my loan servicer for private student loans?
Review your credit report to obtain this information. You may request a free annual credit report at www.annualcreditreport.com

How much should I borrow on student loans?
It is important to know how much to borrow. We have established a standard allowance for your direct and indirect expenses. See above here to learn more.

 
 
 
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