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Financial Aid


Introduction

The SIUE Office of Student Financial Aid is committed to assisting qualified students in obtaining appropriate financial aid resources. Eligible dental students have access to low-interest federal and university loan programs. Scholarship programs also exist for qualified students.

The majority of students receive some form of financial aid, particularly from Federal Loan programs. Beyond that, alternative loans are available.

The Office of Student Financial Aid is sensitive to student needs and provides individual attention through the application, packaging and disbursement process. Students receive specific and detailed information on financial assistance prior to Fall registration. All student borrowers receive entrance and exit counseling. Debt counseling is an on-going service, provided to enable each student to make educated decisions related to current and future financial planning. Specific information is available through the Office of Student Financial Aid.

SIUE Office of Student Financial Aid Contact Information:

  • Title IV Code: E00606
  • Office Address: 2308 Rendleman Hall, Edwardsville, IL
    (on the SIUE Edwardvillle Campus)

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Types of Financial Aid

The SIU School of Dental Medicine offers eligible students financial aid in the forms of loans and scholarships. The kind of aid received can be categorized into two different types: gift aid and self-help aid. Self-help aid most often comes in the form of loans and it must be repaid. Gift aid normally comes in the form of scholarships and usually does not have to be repaid.

Loans are available to SIUE students through federal, state and institutional programs to assist with educational costs.

  • First time borrowers need to complete Entrance Counseling and submit an electronic Master Promissory Note (MPN).
  • Students can also use the online Debt/Salary Wizard to help determine how much to borrow based on current or future income.
  • Students may borrow up to $40,500 in Direct Unsubsidized Loans.  Grad PLUS, Perkins or HPL Loans would then be offered based on eligibility of funding.

Scholarships are one form of financial aid given to students to help and pay for their education, and are offered by governments, colleges and private, outside sources. Scholarships are generally a form of a gift and do not have to be repaid; they can be based upon financial need, merit, or both.

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How To Apply for Financial Aid

  1. Go to www.pin.ed.gov to obtain a PIN (personal identification number).
  2. Use your PIN as your identifier and digital signature when you complete your FAFSA (Free Application for Federal Student Aid) on the Web at www.fafsa.ed.gov .
  3. Complete your FAFSA online using entries from your / your parents completed tax returns. The SIU School of Dental Medicine student financial aid code is E00606.

First time borrowers need to complete Entrance Counseling and submit an electronic Master Promissory Note (MPN).



To qualify for most financial aid at the SIU School of Dental Medicine, students:

    1. Must have a social security number.
    2. Must have a high school diploma or GED.
    3. Must be a U.S. citizen or eligible non-citizen.
    4. Must be registered for selective service, if appropriate.
    5. Must be admitted as a degree-seeking student.
    6. Must be enrolled at least half-time each term.
    7. Must maintain satisfactory academic progress.
    8. Cannot be in default on other student loans or owe a grant refund.

Complete FAFSA as soon as possible after January 1.

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Loans

Name of Loan Eligibility Interest Rate Repayment
Federal Direct Loans
Federal Direct Unsubsidized Loans Half- or full-time student, citizen or permanent resident of U.S. Interest rate is 6.21%. Six months grace period for first time borrowers; ten year repayment
Federal Direct Graduate PLUS Loans
Federal Direct Graduate PLUS Loans Half- or full-time student, citizen or permanent resident of U.S. * Interest rate is 7.21%. Interest begins once your loan is fully disbursed.  If you are a Graduate or Professional student, your loan will be placed in deferment while you are enrolled at least half-time.
Federal Health Professions Loan (HPL)
Federal Health Professions Loan (HPL) Half- or full-time student, citizen or permanent resident of U.S. Based on need. Interest rate is 5%. Parental information required. Availability is based on funding. Twelve months grace period; ten year repayment
Federal Perkins Loan
Federal Perkins Loan Half- or full-time student, citizen or permanent resident of U.S. Amount varies each year, not to exceed $8,000. Interest rate 5%. Availability is based on funding. Nine months grace period; $30 minimum monthly payment; ten year repayment
Alternative Loans
Alternative Loans
(Please visit the Alternative Loans page for more information.)
Residency Loans
Residency Loans (Please visit the Residency Loans page for more information.)
SIU-SDM Short-term Loans
SIU-SDM Short-term Loans Enrolled in SIU/SDM ** $400 maximum, no interest Must repay in 60 days

** Please click here to print the Short-term Loan Request Form.

Please return the completed Short-term Loan Request Form to the Office of the School of Dental Medicine Financial Aid Advisor, located on the 1st Floor of the Administration Building (Building 273) on the Alton Campus.

* Please contact the Office of Student Services for further information. Additional financial aid programs may be available.

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Scholarships

Selective* Scholarship Programs Available to Dental Students

Name of Scholarship Eligibility Scholarship Award Application Process
U. S. Military Scholarship Half- or full-time student, citizen of U.S. Pays all educational expenses plus monthly stipend Contact your local recruiter for specifics

* Please contact the Office of Student Services for further information. Additional financial aid programs may be available.

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Financial Aid Links

CougarNet: To access an award letter, view your SIU account, and change your address.

Signmyloan.com: To sign and accept your Perkins Loan promissory note.

Illinois Student Assistance Commission: To access a site for State of Illinois scholarship programs such as National Guard; Veterans Grant; Police, Fire & Correctional Officers dependents; MIA/POW dependents; General Assembly; Allied Health Care; etc.

Direct Loan Servicing: To access your Federal Direct Loan information, deferments, forbearance, and consolidation information.

National Student Loan Data System: To access your student loan information. Provides the amount of Subsidized, Unsubsidized, and Perkins loan money that a student has borrowed throughout their academic career.

StudentLoans.gov: To complete a Grad PLUS Application and a Master Promissory Note.

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