The Johns Hopkins Bloomberg School of Public Health offers several financial aid programs to help students pay for educational expenses. In addition to federal loans and work-study, eligible students may receive institutional, state, and private scholarship funds. Sources of funding for students enrolled in the Bloomberg School are outlined below. Federal loan and work-study programs are administered by the Student Financial Services Office. Applicants for Federal Student Aid must establish eligibility for federal aid by submitting the Free Application for Federal Student Aid (FAFSA). All Federal Loan and Federal Work-Study funds are to be used solely for expenses related to your attendance at the Johns Hopkins Bloomberg School Public Health. To be eligible for Federal Student Aid (FSA) you must: - be a U.S. citizen or eligible non-citizen (see the FAFSA instructions for details)
- be accepted for enrollment as a regular student working toward a degree
- be enrolled at least half time in a degree program and meet satisfactory academic progress standards established by the school
- have financial need as defined by FSA program regulations
- not owe a refund on a federal student grant or be in default on a federal student loan
- comply with the Selective Service registration requirements and have a valid Social Security number
- not have been convicted for the possession or sale of illegal drugs for an offense that occurred while you were receiving federal student aid.
A subsidized loan is awarded on the basis of financial need. If you qualify for a subsidized loan, the federal government pays interest on the loan while you are enrolled in school at least half-time, during a grace period, and during authorized periods of deferment. Interest will begin to accrue when you enter repayment. If you qualify for an unsubsidized loan, the federal government will charge you interest from the day the loan is disbursed until it is repaid in full. Interest will accrue while you are enrolled in school, during a grace period, and during authorized periods of deferment. You may pay the interest during these periods or it can be capitalized; that is, the interest will be added to the principal amount of your loan. The combined annual maximum for the Direct Loan program is $20,500 per year. The maximum annual subsidized amount is $8,500 per year.Students enrolled at SPH on a full-time basis may be eligible to borrow up to an additional $15,278 on an unsubsidized basis. The interest rate for subsidized and unsubsidized Direct Loans effective 7/01/07 through 6/30/08 is a fixed rate of 6.8%.The Department of Education charges the borrower a two percent (2%) origination fee. All fees will be deducted proportionately from each disbursement of the loan proceeds. Direct Loan recipients may receive an origination fee rebate equal to one and a half percent (1.5%) of the loan amount. To keep the rebate, you must make the first twelve (12) required monthly payments on time. This is a low-interest loan for students with exceptional financial need. Priority is given to students who complete the application process within the recommended filing dates. The annual maximum for this program is $6,000 dependent upon financial need and availability of funds. The aggregate amount you can borrow is $40,000. This amount includes any Perkins Loans you borrowed as an undergraduate. The interest rate is fixed at five percent (5%) per annum on the unpaid balance. After ceasing to register at least half-time, a nine (9)-month grace period is granted, during which time no payment is required. The Federal Work-Study Program provides jobs to students with financial need. Students who are employed under the Federal Work-Study Program earn money to help pay their educational expenses. This program encourages employment related to the student’s course of study and community service work. Federal Direct Graduate PLUS Loans are available to graduate students who meet the general eligibility requirements for federal aid. This program is available without regard to financial need. A credit review is required to make sure the applicant does not have a record of adverse credit but there are no requirements regarding debt to income ratio. Students may borrow up to the full cost of education less other aid. Federal Direct Graduate PLUS Loans have a fixed interest rate of 7.9%. A fee of 2.5% is deducted from each disbursement.(The standard fee is 4% and the Direct Loan program currently offers a 1.5% rebate on the fees.) Interest accrues from the date of first disbursement. Private lenders provide these loans to supplement other forms of assistance. A student may apply to borrow up to the cost of education minus other aid. You are not required to complete the FAFSA to apply for a private loan. There are many lenders that offer alternative private loans. Johns Hopkins University recommends that students exhaust their eligibility for all federal loan programs before considering a private or alternative loan. If you are uncertain about your loan eligibility, please contact Public Health’s Student Financial Services Office prior to submitting a private loan application. The Bloomberg School of Public Health will work with any lender you choose. To obtain lender information, you may search the web using “student loans” or related wording or obtain recommendations from friends, family, or other students. Once you have chosen a lender, you should contact the lender to initiate the application process. Be sure to use Public Health’s school code (002077-05) on your application. If your loan application is approved, please inform the Student Financial Services Office about the status of your loan. Additionally, you will need to provide our office with the name and contact information of your lender. Your lender will ask our office to certify your enrollment and finalize your eligibility for the loan. Institutional scholarship aid is awarded by the department or program that authorizes your acceptance into a degree program. Additional information is available at Institutional Scholarship
Maryland residents must complete and file the FAFSA by March 1 in order to apply for a scholarship funded by the state of Maryland. For further information, contact the Maryland Higher Education Commission at 410-260-4565 or 800-974-1024.
The Student Funding Resources Office helps students identify and apply for education and research funding typically in the form of grants and scholarships. For more information visit their website.
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The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term. Federal Title IV financial aid must be recalculated in these situations. If a student leaves the institution prior to completing 60% of a payment period or term, the financial aid office recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula: Percentage of payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid. Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula: Aid to be returned = (100% of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could have been disbursed during the payment period or term. If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds. Keep in mind that when Title IV funds are returned, the student borrower may owe a debit balance to the institution. If a student earned more aid than was disbursed to him/her, the institution would owe the student a post-withdrawal disbursement which must be paid within 120 days of the student's withdrawal. The institution must return the amount of Title IV funds for which it is responsible no later than 30 days after the date of the determination of the date of the student's withdrawal. Refunds are allocated in the following order: - Unsubsidized Federal Stafford Loans
- Subsidized Federal Stafford Loans
- Unsubsidized Direct Stafford Loans (other than PLUS loans)
- Subsidized Direct Stafford Loans
- Federal Perkins Loans
- Federal Parent (PLUS) Loans
- Direct PLUS Loans
- Federal Pell Grants for which a Return of funds is required
- Federal Supplemental Opportunity Grants for which a Return of funds is required
- Other assistance under this Title for which a Return of funds is required (e.g., LEAP)
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