The Postbaccalaureate Premedical Program (PPP) represents a significant investment of both your time and financial resources. This page will cover the latter, including information about the cost of the program, your options for financing your course of study and the steps you should follow to obtain funding.
Cost of the Program
The PPP core includes nine classes, and each class is worth 4 units of credit. Postbaccalaureate students generally enroll in two classes each semester.
Estimated Tuition Cost
Students pay tuition one semester at a time and are charged on a per-unit basis. The following chart is based on the 2014-2015 per-unit tuition rate of $1,602. Please visit www.usc.edu/soc for the most current per-unit tuition rate.
|Estimated Tuition (based on 2014-2015 per-unit costs)|
|Per-class tuition ($1,602 x 4 units)||$6,408|
|Tuition cost for 9 core classes ($1,602 x 36 units)||$57,672|
Besides tuition, students should budget for required fees and books each semester. USC also accounts for living and personal expenses in the budget for this program. Students may choose to borrow loans to pay for these additional costs. The following chart is based on estimates for the 2014-2015 academic year, which are subject to change.
|Mandatory USC Fees||$353||$353||$353|
(includes room & board, personal, transportation)
USC Payment Plan
USC offers the interest-free USC Payment Plan, which allows you to divide each semester’s charges into five monthly payments. For more information, please visit www.usc.edu/sfs.
FEDERAL DIRECT STAFFORD LOANS
PPP students are eligible to apply for Federal Direct Stafford Loans for the first 12 consecutive months of the program, which includes a fall, spring and summer semester (or spring, summer and fall for students first admitted to spring semester), as long as they are enrolled in two classes (or at a minimum take at least 6 units) each semester.
A PPP student’s annual borrowing limits for Federal Direct Stafford Loans are based upon dependency status. A student is considered independent if he or she is at least 24 years old, or is married, or has a dependent, or is a veteran.
Independent students may borrow up to $25,000 annually in Federal Direct Stafford Loans.
This amount is split unevenly (see distribution example below).
Dependent students may borrow up to $11,000 annually in Federal Direct Stafford Loans.
This amount is split unevenly (see distribution example below).
PPP students who enroll in two classes (or at a minimum take at least 6 units each semester) are eligible to apply for Federal Direct Stafford Loans to help finance the first three consecutive semesters of the program, as shown below.
|Consecutive Semesters Only:||Semester 1||Semester 2||Semester 3||Semester 4|
|Independent Students||$6,250||$6,250||$12,500||Private Loans Only|
FEDERAL DIRECT PARENT PLUS LOANS
Independent students are not eligible for the Federal Direct Parent PLUS Loan.
Parents of dependent students only may apply for the Federal Direct Parent PLUS Loan to cover remaining costs and living expenses for the first 12 consecutive months of the program, as long as the student is enrolled in two classes each semester (or at a minimum take at least 6 units each semester). For more information about the Federal Direct PLUS Loan program, please visit www.usc.edu/financialaid/loans/undergradplus.html or www.studentloans.gov.
FEDERAL DIRECT GRADUATE PLUS LOANS
PPP students are not eligible for the Graduate PLUS Loan under any circumstances.
For both years of the program, students may apply for private loans to cover remaining costs and living expenses. These loans may require in-school interest payments. To qualify, students must have good credit and are strongly encouraged to apply with a credit-worthy co-borrower. Pre-approval before you start the program is highly recommended if you plan to utilize private loans as a funding source.
Please note that most private lenders have aggregate loan limits. Applying for these loans before your program starts will help ensure this is a possible funding source.
For more information and links to lenders, please visit www.usc.edu/financialaid/loans/private.html. If you are enrolled in fewer than 6 units in a semester, please refer to the private lenders listed in the “Enrolled less than half-time” column.
DISBURSEMENT OF LOANS
Students must meet all eligibility requirements and be enrolled in at least two classes (or be enrolled in a minimum of 6 units) to receive federal loan funds. Federal and private loan funds are first applied to your student fee bill. The remainder is then credited to your bank account, provided you have registered for EFT Direct Deposit. To register for direct deposit of refunds, visit the Cashier’s Office website at www.usc.edu/sfs.
APPLYING FOR AID
First-Year PPP Students
First-year PPP students should complete the steps detailed for New Undergraduate Students at Applying For and Receiving Financial Aid. Please note, however, the following differences specific to the PPP Program:
On the FAFSA, indicate that you are a 5th-year undergraduate.
For your educational goals, select undeclared/undecided.
PPP students do not need to fill out the CSS PROFILE Application or the NEED ACCESS application. They are also not required to submit federal tax return information.
Enrollment & Housing Form
- Log in to My Financial Aid & Documents and complete the Enrollment and Housing Form in the Document Library.
- Select the “Postbaccalaureate Medical” program.
- Confirm the number of units you will be enrolled in and your housing status for your intended semesters.
Please submit this form each time your enrollment or housing plans change. Outdated or otherwise inaccurate information may prevent your financial aid from being disbursed.
PPP students are not eligible to apply for grants.
Federal Direct Stafford Loans (independent and dependent students):
Students will need to fill out the Stafford Loan Request Form, which can be found on the USC Financial Aid website under My Financial Aid & Documents in the Document Library.
Federal Direct Parent PLUS Loans (parents of dependent students only):
Parents who wish to be considered for the Parent Plus Loan should visit www.studentloans.gov, sign in to Manage My Direct Loan, then click on Request a Direct PLUS Loan.
Private Loans (independent and dependent students): Students pursuing private educational loans should obtain pre-approval from their lender of choice. Please refer www.usc.edu/financialaid/loans/private.html for information about how to apply.
Continuing PPP Students
After the first 12 consecutive months of the program (three consecutive USC semesters), PPP students are ineligible for Federal Direct Stafford Loans but may be eligible for private loans.
The three consecutive USC semesters starts in your first semester and continues even if you skip one semester, take a leave of absence or enroll in less than half time For example if you start the PPP program in the fall semester, then then take one class (less than half time) in the spring, then this spring semester still counts as your second semester even though you did not receive Federal Direct Loans for this term. The same federal regulation applies if you take a leave of absence.
Private Loans (independent and dependent students):
Students pursuing private educational loans should obtain pre-approval from their lender of choice. Please refer www.usc.edu/financialaid/loans/private.html for information about how to apply.