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Veterinary Medicine FAQ

  • FAFSA
    • General
      • 1. What forms does Purdue require me to file for financial aid?
      • At Purdue, the only application needed to apply for all types of financial aid is the Free Application for Federal Student Aid (FAFSA).
      • 2. Do you have a deadline for filing for financial aid?
      • Yes, a firm deadline of March 1st each year. You can file the FAFSA form anytime all year long for loan-only consideration, but priority for scholarships and some loan programs will be given to on time filers.
      • 3. Do I file one FAFSA for all four years of my DVM degree?
      • No, if you want to be considered for aid each year, then you must complete a new FAFSA each year.
      • 4. So how do I complete the FAFSA form if I don't have a BS degree?
      • The fact that you will be a Vet Med student makes you a graduate student. Therefore, you should complete it as a graduate student. If you are unsure about your status, contact the financial aid office.
      • 5. Do I have to file a separate FAFSA form for the summer rotations of my senior year?
      • No. Your summer aid eligibility is calculated using the previous year's FAFSA form (the one you filed for your third professional year). You will need to file your last FAFSA form for what will be the fall/spring of your senior year.
      • 6. I’m confused about the FAFSA filing deadline? I see a March 1st deadline and a February 15th deadline, which is correct?
      • For the new interviewing VM student ONLY they will have a slightly early filing deadline since they have an earlier admissions deadline. But the filing deadline every year thereafter is always March 1st.
      • 7. I filed my FAFSA, and now your office wants my taxes. Do I have to provide them?
      • Federal regulations require schools to verify some information. If my office asks for further information from you, then, yes, you must comply. No financial aid can be finalized until your file is complete of such required information.
      • 8. How does the ‘housing’ question on the FAFSA affect my Financial Aid?
      • We are allowed to include a “room & board” allocation in your cost of education; therefore, we need to know where you are living or if you are commuting from home with your parents etc.
      • 9. I won’t have my taxes completed before March 1st. What do I do?
      • You (the student) can still use "estimated" information to submit the FAFSA by the priority filing date. We recommend that you use last year’s tax return to complete the FAFSA. Once you complete your taxes you can return to your FAFSA online and make your necessary corrections.
    • Parent Information
      • 1. I realize now that I am an "independent" student for financial aid reasons. However, my parents still claim me on their taxes. Is this OK/legal?
      • Yes. That is the difference between the IRS regulations and the regulations governing financial aid.
      • 2. OK, I am a 25 year-old (for example) professional student and my parents are divorced. Whose data do I put down on the FAFSA form?
      • This can be difficult, but the Federal regulations would require the household information of the parent who "would have been" considered your custodial parent had you still been living at home. Feel free to contact the DVM Financial Aid administrator to discuss specific circumstances if you have questions.
    • Aid Eligibility
      • 1. So if I miss the March 1 deadline I can't have financial aid, correct?
      • NO, that is NOT the case. If you miss the March 1 deadline, you may not be considered for any scholarships or Health Professional Student Loan but you can always qualify for Stafford Loans any time of year.
      • 2. What types of financial aid are available?
      • Financial Aid can consist of scholarships, grants, fee remissions, work study and various loans as deemed eligible by the FAFSA process.
  • Costs and Expenses
    • Program Costs
      • 1. I understand a professional Doctor of Veterinary Medicine (DVM) degree can be costly. I cannot fully fund such a degree. Is there financial aid available?
      • Yes, by applying for financial aid you will be considered for any and all financial aid Purdue University offers. This may include grants, scholarships, work-study, and a combination of loans.
      • 2. What is a DVM cost of attendance (COA) estimate?
      • The Federal government charges a school to determine a student's cost of attendance. Therefore, a "budget" is what the Financial Aid office determines to be allowable expenses a DVM student may incur. Much like buying a house, there is more to home ownership than just the mortgage. See an estimate of costs for each year of DVM enrollment here.
      • 3. My senior year, I have to take my professional-exam board which is expensive. Sometimes I have to take multiple state board exams. Can financial aid cover these expenses?
      • Yes, we automatically include the cost of your National boards in the summer budget of your senior year. However, you must discuss an appeal with the Financial Aid administrator for any state-specific exam expenses.
      • 4. Our senior year is 12 months long, starting in the summer immediately after our third professional year. Can we qualify for any financial aid during that year?
      • Yes. However, it will not be one award letter for the whole 12-month program; you will receive separate award notification for summer, then another award notification for the fall/spring of your senior year.
      • 5. I'm thinking about going out of the country for one of my senior blocks. Will financial aid cover those expenses?
      • In general, the answer is yes, BUT the actual eligibility is very student-specific. Talk with the DVM financial aid administrator in advance about your financial options.
      • 6. I worry about having enough money to make it through all 4 years of the DVM program. Can you guarantee me enough funding for all 4 years?
      • Yes. As long as you can take out both the non-credit based and the credit-based Federal student loans you will be offered then you will have enough each year to cover your DVM program costs. In the DVM program we will always offer you enough to cover your DVM-specific budget. As always, however, you must live within your budgeted amount.
    • Educational Expenses
      • 1. My expenses are greater than the VM budget you have allowed me. What am I to do?
      • Your financial aid awards are for educational related expenses only. Therefore, you would need to find outside sources to help with your expenses. Feel free to discuss your situation with a financial aid administrator.
      • 2. I have children, what about childcare expenses?
      • Through the FAFSA data and our subsequent verification process, we will automatically increase your DVM budget to include a childcare allowance.
      • 3. If I have expenses that you don't list in your budget categories, what am I supposed to do?
      • That may be the case. If you have expenses that we cannot allow in your DVM budget, then you need to be aware that those expenses would be your responsibility from some other source other than financial aid.
      • 4. What are some typical expenses the financial aid will NOT cover?
      • Typically, federal financial aid cannot cover such items as car payments, vet bills, nannies, any consumer credit card debt, or interview expenses. Feel free to discuss your situation with a financial aid administrator.
      • 5. Books and supplies are expensive in the DVM program. I can't afford to buy them myself. Can you help?
      • Yes, books and supplies are already included in your DVM budget. In fact, the book/supply allocation is class specific, right down to your horse pic! Assuming you borrow the loans we offer you than you would eventually "refund" yourself for any book/supply purchases you made.
      • 6. We are required to have a series of costly personal shots/immunizations in the DVM Program. Can financial aid help to cover these costs?
      • Yes - with some specific documentation and on a student-by-student basis. All shots must be administered during the "enrolled period" (not prior to school beginning). The documentation must show that the bill was paid-in-full by the student (not insurance). Feel free to contact the Vet Med financial aid administrator with any questions you may have.
      • 7. I am a 4th year student and have clinical responsibilities and we are required to look ‘professional’. Is there money in our budgets for that?
      • Not specifically. We already include in your budget funding for your scrubs and boots etc; however, any professional attire beyond that you need to appeal on a case-by-case basis with the Division of Financial aid.
      • 8. Why am I being billed for housing when I’m not living on campus?
      • You’re not. The room & board in your Cost of Attendance (COA or “budget”) is only an ‘allocation’ for whatever your living expenses might be. It represents what we have determined the ‘average’ student will pay for such living expenses in this Lafayette area.
  • Scholarships and Grants
    • 1. Are there scholarships available for DVM students?
    • Yes, if you qualify, dependent on financial need and fund availability. Scholarships are NOT guaranteed.
    • 2. What GPA do I have to maintain in order to compete for DVM scholarships?
    • 2.65 is the minimum required to be considered for scholarships as a professional student.
    • 3. The State Student Assistance Commission of Indiana (SSACI) indicated in an email that I may be eligible for a state grant. Is that true?
    • As of 2012-13 academic year, professional students that meet the specified requirements may be able to qualify for the Frank O’Bannon Higher Education Grant.  Please visit the Division of Student Financial Aid (SFA), formerly known as the State Student Assistance Commission of Indiana (SSACI), website for additional information at http://www.state.in.us/ssaci/.  While there, create an account and log into their eStudent database to access information on your eligibility for this award.
    • 4. My father is an Indiana disabled veteran. Even though I’m independent and in a professional degree program, can I qualify for the Child of Disabled Veterans (CDV) award?
    • Indiana resident students and the veteran parent must meet specific eligibility requirements.  The requirements and the application are available on the Division of Student Financial Aid (SFA), formerly known as the State Student Assistance Commission of Indiana (SSACI), website at http://www.state.in.us/ssaci/.  If both the student and the veteran meet all requirements, mail the completed application to the Indiana Department of Veteran’s Affairs (IDVA).  Approved CDV applications are sent to the student.  Students must forward the original certified application to Division of Financial Aid.  Recipients must annually complete the FAFSA and all requests from Purdue for additional information.  According to state regulations, CDV will cover general fees (up to an annual capped maximum value) for a total of 124 credit hours.  CDV will NOT cover any special course fees or school differential fees (like the Veterinary Medicine differential fee), room and board or books.  Please contact a Financial Aid Administrator if you have additional questions.
    • 5. I happen to already be receiving the Presidential/Trustees Scholarship; do I get to keep on receiving it while in Vet school?
    • Trustees/Presidential scholarships are limited to 8 semesters of continuous enrollment. If you still have any semesters remaining, then, yes.
    • 6. Do I have to report an outside scholarship that I received on my own? And how do I report it to you?
    • Yes, you need to report outside or private scholarships to our office. You report it through your myPurdue account. You will report your private scholarships using separate entries for the fall and spring amounts of each scholarship received. They may affect your aid eligibility.
    • 7. Are there any other scholarships that I can qualify for other than those through the FAFSA process?
    • You might try online scholarship search engines such as www.fastweb.com, www.finaid.org, and www.scholarships.com.
    • 8. If I choose not to provide my parents' information (or they won't give me their information), will that hurt my chances for scholarships?
    • No. Parental information is not used to calculate any scholarship eligibility.
    • 9. Can I qualify for the Indiana State Awards…also known as the Division of Student Financial Aid (SFA), formerly known as the State Student Assistance Commission of Indiana (SSACI) Grant?
    • Starting in the 2012/2013 AY, Professional students (DP and VM) will be eligible for the Indiana State Awards so long as they continue to meet the standard State aid requirements. The state awards will be manually calculated by the DFA State Awards Administrator, Donna Rush.
  • Loans
    • General
      • 1. What if I don't want any loans?
      • Financial aid awards are made available to each student based on the FAFSA form. Our job is to award you "everything" you are entitled to. You are under NO obligation to take/accept everything we offer. That final decision is yours. Just be aware that we cannot replace loans with other "free" money and the bill would be your responsibility.
      • 2. Why are loans considered financial aid, after all, I have to pay them back?
      • True, you do have to pay them back but they are a "type" of Federal aid fund that you have to 'qualify' for, specifically created to help assist you finance your educational degree, with generally attractive terms, low interest rates, and deferred payments.
      • 3. If I don't use all of my loans from one year can I borrow them - or carry them forward - to the next year?
      • No. All loan awards are year specific. You can take them out all year long, but once the year is over you cannot "go back" and borrow an unused amount.
      • 4. How can I check to see if my loan or aid is processed?
      • The best way is for you to check yourself via myPurdue 24/7. Or you can come in or call the general Financial Aid office number for assistance, Schleman Hall, Room 305, or (765) 494-5050.
      • 5. Once the spring semester starts, can I change my mind and still ‘accept’ my loan?
      • Yes. If you no longer see the loan listed on your myPurdue Award Notice, call our office to review.
      • 6. If I drop my classes, do I have to pay my loans back immediately?
      • Referring to Stafford, Perkins and Purdue Loans, you typically have a 6-month grace period beginning from the date you drop below half-time before repayment begins. Referring to the Health Professional Student Loan, however, there is a 12 month grace period.
      • 7. Can my parents take out a Parent (PLUS) Loan for me if they wanted to?
      • No. Parent PLUS Loans are only for parents of dependent students. Once a student is considered graduate/professional, they are automatically independent for financial aid reasons, and the parent cannot take out a Parent PLUS Loan.
    • Stafford Loans
      • 1. If I, or my spouse, make "too much" money, is it worth my time to file the FAFSA?
      • Even seemingly "wealthy" students can at least qualify for loans. If you want to know all of your options then file your FAFSA form. Our office will make an award of a Stafford Loan but the decision to actually apply for this loan is still yours. After the loan award is made you are under no obligation to take out that loan.
      • 2. If I am awarded a loan but turn it down before the start of the year am I out of luck if I want it back?
      • There are some types of loans we offer that you may NOT "get back". However, the Federal Stafford Loan is available all year long.
      • 3. I'd like to keep my debt down, do I have to borrow the entire Stafford Loan you offer me?
      • No, in fact, we encourage you to borrow only what you think you will need.
      • 4. If I borrow some - but not all - of my Stafford Loan can I take out more later?
      • Yes. Think of your Stafford Loan award as the upper limit. You can borrow up to that limit anytime during the academic year in question.
      • 5. Will providing my parental information affect my eligibility for scholarships or Stafford Loans?
      • No, your parents' information is not used to calculate your scholarship eligibility (if any) or Stafford Loan eligibility.
      • 6. What are the terms for the Federal Stafford and Federal Grad PLUS loans?
      • The terms for the Stafford loan here. The terms for the Grad PLUS loan can also be found on our website here.
    • Health Profession Student Loans (HPSL)
      • 1. I've heard that I have to provide my parents' information on the FAFSA form, even though I am an independent student. Is this true?
      • That is mostly correct. However, at Purdue, supplying your parents' information is optional. You are not required to supply this information, but it could help you qualify for one particular type of federal loan program. The Health Profession Student Loan (HPSL) - from the Department of Health and Human Services arm of the government - is a loan program that mandates the use of parental information regardless of students' dependent/independent status.
      • 2. If I do supply my parents' information, does it guarantee that I will get the HPSL Loan?
      • No. We have limited funds in the HPSL program, so you may qualify but we may not have any funds to award to you.
      • 3. If I receive the HPSL one year, can I assume that I will get it every year?
      • No. Your eligibility is re-determined each year. Also the total HPSL award can vary every year.
      • 4. Can I apply for the Health Professions Student Loan (HPSL) online?
      • Yes, you must "accept" this loan through the myPurdue Financial Tab. Then, when you receive an email from ECSI to sign a Promissory Note, follow their instructions online.
      • 5. All of this talk of debt is overwhelming to me. If I'm offered both the HPSL and Stafford, do I have to take both?
      • No. The HPSL has some better features and has a lower interest rate. Typically, you should take the entire "cheaper" loan first.
  • Billing and Refunds
    • Billing
      • 1. Is there a payment plan at Purdue?
      • Information for the installment plan can be found on the Bursar’s website at: http://www.purdue.edu/bursar/installment.html.
      • 2. When is my bill due?
      • The bills are due 10 days prior to the start of any enrollment period (fall/spring/summer).
      • 3. How do I pay my bill?
      • You can pay your bill in a variety of ways. More information about this can be found on the Bursar’s website at: http://www.purdue.edu/bursar/instructions.html#payment.
      • 4. When will private scholarships be reflected on my Fall/Spring bill?
      • Check with your donor to find out what their processing timeline is. Donors do things differently. Private scholarship checks typically show up as a credit on the invoice within 1-3 weeks after being received. We suggest that your donor send these checks as soon as possible so that it may credit the bill in time for the due date.
    • Refunds
      • 1. I am an incoming DVM student. They say I need to buy my books and supplies before I start. When can I get my "extra" financial aid?
      • Due to Federal regulations your financial aid "refund" cannot be available to you any earlier than 10 days before the start of classes. We recommend you plan to purchase book and supply expenses out of your own pocket & reimburse yourself after your financial aid comes in (usually within the first couple of weeks of classes).
      • 2. Once my PU fees & PU housing is paid, then what?
      • Any money that is available after all PU bills are paid is called a "refund". Purdue's Office of the Bursar will "refund" it to you either by campus mail or Automatic Deposit (if you have set up that service with the Bursar's Office).
      • 3. What do I do with my "refund"?
      • That is your money to live on for the semester, buy your books and supplies, pay rent (if off-campus), buy food, etc, but make it last the semester. Budget wisely.
      • 4. I need my "refund" in the Summer to pay rent. Can I get my refund early?
      • No. All financial aid will pay for fees/tuition first, University Housing second (if applicable), then the "refund" typically will happen no sooner than 10 days before classes begin - or weekly thereafter.
      • 5. During my senior year, some of my rotations are not in Lafayette. What's the best way to get my refund?
      • If you haven't done it by your senior year, it's not too late to set up direct deposit with the Bursar's Office. Visit http://www.purdue.edu/bursar to look into setting up direct deposit.
      • 6. When can I expect to see my refund(s)?
      • The earliest that you can expect to receive your refund(s) is one week before the term begins (be it fall, spring or summer). PROVIDING THAT: you must be enrolled for at least the number of credit hours that we packaged you for, your bill is paid, and you “confirmed” your enrollment with the Bursar’s Office.
      • 7. Do I get my financial aid all at one time?
      • No. Financial Aid is typically disbursed to you 1/2 for the fall semester & 1/2 for the spring semester...just the way in which you will incur your expenses.
  • Miscellaneous
    • 1. I know I'm in the DVM program but I don't have a BS degree. Why am I considered a graduate/professional student and not an undergraduate?
    • Veterinary Medicine is one of only a handful of "medical" disciplines that does not require a BS degree in order to be admitted into the program. The DVM degree program itself is a "graduate" level program.
    • 2. I have to take some ‘remedial’ VM course work. Will I still be eligible for Financial Aid?
    • As long as you are taking AT LEAST 4 credit hours, yes. HOWEVER, each student is different. Be sure to discuss your individual situation with the VM Administrator; Trudi Horner; 494-5081.
    • 3. Do my parents have to claim me on their taxes?
    • No. Nowhere on the FAFSA does it ask you that question. Once you are a Professional VM student, you are automatically an ‘independent’ student, regardless of how your parents claim you on their Federal Income Tax forms.
    • 4. Does Purdue match other schools’ offers?
    • Unfortunately, Purdue does not match other schools’ offers.
    • 5. How can I find out how much loan debt I have?
    • For Stafford, Perkins and Grad PLUS Loans you can view a summary of your Federal debt at the National Student Loan Data System (NSLDS) at www.nslds.ed.gov. For Purdue or Health Profession Student Loans (HPSL), you need to check with ECSI online at https://borrower.ecsi.net to review your aggregate total.  
    • 6. I think I have a special circumstance that affects my ability to pay for college. What can I do? Is there any one to talk to?
    • Discuss your situation with a Financial Aid Counselor in the Division of Financial Aid office. The counselor will determine if you qualify for one of our Special Circumstance Appeals. The counselor will determine at that time whether to send you more information. If approved, your additional eligibility could only be more loans.
    • 7. I’m an out of state student. Is there any way to qualify for in-state tuition?
    • Not typically, but…..the Registrar’s website contains detailed information concerning Residency changes or appeals at http://www.purdue.edu/registrar/Residency/Residency.html.   Our office has no jurisdiction on your residency status. If your residency does change we will adjust your aid accordingly.
    • 8. Since I was awarded with financial aid, my personal financial circumstances have changed considerably. Is there anything you can do?
    • There is an "appeal" process available but you must discuss your special "circumstances" with a financial aid administrator to see if an appeal would be beneficial to you. The outcome of an appeal is on a case-by-case basis. Any increase to your budget would only be in the form of loans.
    • 9. I have heard that there is only one person in the financial aid office that I should call when I have questions. Is that all?
    • No. We encourage you to talk with any of our financial aid counselors, who are just as knowledgeable with your DVM question. However, should you have a DVM-detailed problem, feel free to talk with the DVM financial aid administrator Trudi Horner at (765) 494-5081.
    • 10. My parents handle all my financial paperwork. Can I give you their address?
    • No. Now that you are a "graduate level" student you are independent. Federal law, under the Family Educational Rights & Privacy Act (FERPA), does not allow the school-specific administration to discuss your private financial information with someone other than yourself (the student), and vice versa. I cannot discuss your parents' specific financial information with you.
    • 11. This whole "financial aid" thing is new to me. I never applied for financial aid as an undergraduate. Who can help?
    • We understand. With the assistance of Purdue Division of Financial Aid staff, the help of the DFA website, and the experience of Trudi Horner, we try to make enough information available to assist you through the financial aid process.
    • 12. If I have to drop hours, will that affect my aid?
    • That answer may vary depending on which types of aid you are talking about, how many hours you are reducing to, and at what time of year you are making this change. One thing is sure, however - you must maintain 12 or more hours if you are awarded a Health Professions Student Loan (HPSL). If you have been awarded the Health Professional Loan, feel free to discuss this with the VM Financial Aid Administrator.
    • 13. I have some “verification documents” that are being requested from your office…when are they due?
    • There is no actual ‘due’ date but you will not be packaged until we have received what we are requesting. If we have already packaged you and then we ask for further documentation then we can delay you receiving your funds. Please allow 2-3 weeks for processing after you submit your paperwork to our office.
    • 14. I’m just completing my 3rd professional VM year. I’m going to be starting my 4th professional VM year in May….do I have to make my 3rd year funding last all summer?
    • No. Since you will have a new bill for the start of your 4th year you will be awarded more funding for the start of your 4th professional year as well.
    • 15. Why is my financial aid package different from last year…my income is the same?
    • There could be any number of reasons: one is as simple as missing the March 1 deadline, another could be a change in your Expected Family Contribution (EFC) or a change in your GPA. This would be a good reason to talk with any Financial Aid Administrator.
    • 16. How do I get the loans that were “offered” to me?
    • For any Purdue, Perkins, Stafford or GRAD Plus loans, you will need to login to your myPurdue account. Under the Financial Tab, click the link called “Award for Aid Year” and choose the appropriate aid year. At this screen, click on the Accept Award Offer tab and accept (partial or full amounts) or decline EACH loan that you are interested in borrowing. Follow the prompts and proceed with the respective promissory Notes for each loan.
    • 17. When can I confirm my enrollment?
    • You can confirm you enrollment once your ‘balance due’ in the Bursar system is ‘0’. You will not be able to confirm your enrollment until the balance on the bill is paid, or you have signed up for the installment payment plan.