Welcome to Student Financial Aid Services

Financier making annual financial report using laptop

Our Financial Aid Department is working remotely!

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Ponce Health Sciences University is pleased that you have selected our Institution to continue with your academic and professional goals. The Office of Student Financial Aid provides you with the information and tools to assist you in reaching educational goals. Please take your time to navigate through the various links we have provided and feel free to contact the Financial Aid Office if you need more information: psmfinstu@psm.edu


Step 1:   Create or update your FSA ID at www.fsaid.ed.gov

Step 2:   Complete the FAFSA for the academic year 2019-2020 at www.fafsa.ed.gov

Step 3:   Complete the Entrance Counseling and MPN (Master Promissory Note) for the Subsidized/Unsubsidized Loan at www.studentloans.gov

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Step 4: Complete and sign the PHSU Application Request for Aids and Loans 2019-2020 (**)

Step 5: Read and sign the PHSU Student Authorization (**)

(**) These forms must be submitted to the Financial Aid Office annual renewal Financial Aid.

External Links

Financial Aid Application Process Links

Scholarship Information

The next step is the awarding of financial aid amounts by PHSU and preparing the award notification for the student. Once the awarding process is completed, a Notification of Award is sent to each student.

Return Policy and Requirement for Withdrawal and Return of Federal Financial Aid (see PHSU catalog refund policy section)


A Federal Pell Grant, unlike a loan, does not have to be repaid.  Pell Grants are awarded only to undergraduate students who have no earned a bachelor’s or a professional degree.  The amount you get, though, will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time  student, and your plans to attend school for a full academic year or less.  The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by a new federal law to be the equivalent of six years of Pell Grant funding.  Since the maximum amount of Pell Grant funding a student can receive ear year is equal to 100%, the six-year equivalent is 600%.

Federal Work-Study (FWS) is a form of need-based student financial aid that undergraduate and graduate students earn through part-time employment, on- or off-campus. Under the FWS program, the federal government pays up to 75% of the student’s salary with the rest coming from a matching contribution by the university.

Federal Work-Study offers eligible students a double incentive: the ability to earn money to help meet college expenses, plus the opportunity to gain valuable job experience. In today’s competitive job market, employers desire applicants who have work experience in addition to their education.

Work-Study Information for Students


Welcome to Work-Study!

As part of your financial aid package, work-study jobs provide an amazing opportunity to:

  • Earn part of your college costs rather than increase your loans.
  • Decline and reduce the loan amounts offered to you.
  • Remember that the less debt you graduate with, the more choices you’ll have in life!

When you take full advantage of work-study opportunities, you will:

  • Gain valuable job skills and experiences.
  • Build your resume and learn to write a dynamic, job-specific cover letter.
  • Find major-related work for an edge on graduate school applications or a career job search.
  • Meet students, work with professionals, and expand your social and career networks.
  • Be more confident talking to recruiters at job fairs.
  • Become an aggressive, savvy job hunter.

Direct Subsidized Loans are available to undergraduate students with financial need. Your school determines the amount you can borrow, and the amount may not exceed your financial need. The U.S. Department of Education pays the interest on a Direct Subsidized Loan

  • while you’re in school at least half-time,
  • for the first six months after you leave school (referred to as a grace period*), and
  • during a period of deferment(a postponement of loan payments).

Students who meet the requirements established by the US Department of Education may receive a Direct Loan, according to the academic program: graduate and professional students are eligible to receive up to $20,500 per academic year. As an Institution that previously participated in the HEAL Programs, our MD, Doctorate and PhD in Clinical Psychology, and Doctorate of Public Health in Epidemiology might be eligible for additional amount of loan. The amount is established annually by Federal Regulations. The Financial Aid Office provides orientation about the application process for student loans, the student’s qualifying requirements and the specifics regarding interest rate, origination fees, debt management, etc. The student must submit an agreement form known as a Master Promissory Note, and complete electronic Entrance Counseling, both online: https://studentaid.gov/

Direct Parent PLUS Loan are available for parents of an undergraduate dependent student, U.S. Citizen or Eligible non-citizen, and Approved Credit Status.  Your school determines the amount you can borrow, and the amount may not exceed your financial need.

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This is a federal fixed-interest loan for graduate and professional students, beyond the Direct Loan Unsubsidized Award, to cover any additional cost of attendance. The interest rate and origination fee, which is annually fixed by the Federal Government, begins to accrue from the date of the first disbursement. The loan qualifying process requires a credit check verification, on-line Entrance Counseling and an on-line submission of a Graduate Plus Master Promissory Note: https://studentaid.gov

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These are credit-based loans that may be used to supplement other types of financial aid programs. The loan amounts vary according to amount requested and approved for the student. The interest rate is variable, accrued while in school and usually based on the current “Prime Rate” plus a lender’s predetermined interest rate. Repayment may be up to 20 years. These Private Alternative Loans provide funds to complete the remaining need after the student is awarded other financial aid. Due to the high interest rate that these loans represent, the student should consider these loans as a last resource to their financial need. PHSU does not recommend any specific lender, the evaluation and selection is a student’s individualized decision.

PHSU does not deny or otherwise impede the student’s choice of an alternative lender or cause unnecessary delay in loan certification of these loans. The following is a list of the three private loans that have been most commonly selected by our students during last two previous academic years, however, we reiterate that the student may select any other lender they esteem will meet their financial need.

Discover: www.discover.com/student-loans

Sallie Mae: www.salliemae.com

Wells Fargo: www.wellsfargo.com/student/graduate-loans/med-school

There are research assistantships provided by faculty members for externally funded research projects. One of these programs is the Minority Biomedical Research Support Program (www.nih.gov) (MBRS) that may be available for participation. The program provides student support that includes salary and fringe benefits. Additional information may be requested at the Offices of the Deans, Program Directors, and/or faculty.

Students interested in applying for a Direct Loan must comply with the federal requirements and following requirements:

  • Have financial need.
  • Be an US Citizen or an Eligible Non-Citizen.
  • Have a valid social security number.
  • Enroll in an eligible program as a regular student working toward a degree.
  • Meet satisfactory academic progress standards.
  • Register (or have registered) with the Selective Service if you are a male between the ages of 18 and 25.
  • Certify that are not in default on a federal student loan and that do not owe money on a Federal student grant.
  • Student cannot exceed the aggregate loan limit established by the Department of Education.
  • Comply with the Entrance Interview/Counseling.
  • Provide all the documents and information required by the Financial Aid.

Students must fill the Free Application for Federal Student Aid (FAFSA) for the corresponding academic year, in order to be evaluated to determine eligibility for federal and state funds. It must be submitted online at https://studentaid.gov no later than last working day of May. The PHSU school code is G24824. Students need a FSA ID, which can be obtained at www.fsaid.ed.gov.

Once the student submits the FAFSA, the Department of Education will send an Institutional Student Information Record (ISIR) to the school, which will be used for evaluation and analysis.

Students with a FAFSA application selected for verification by the Department of Education will be required to submit the following documents:


  • Complete a Verification Worksheet (provided by the Financial Aid Office)
  • Copy of the Tax Return (IRS or PR tax return form) or
  • W-2 form(s)
  • Evidence of wages, salaries, tips, etc., reported on the FAFSA
  • Others

As part of the evaluation, the Financial Aid Office will take in consideration the Expected Family Contribution (EFC). The EFC is the amount that the student should contribute towards his/her cost of education, and it is determined by the Federal Government. The need analysis consists of the following basic calculation: Cost of Attendance minus EFC equals Financial Need. As part of the analysis, we will consider any other expected financial aid (external funds such as Vocational Rehabilitation, military scholarships, and any other grant or scholarship). Note: A student cannot receive financial assistance in excess of the determined Financial Need.

If convicted of any offense involving the possession of a controlled substance, a student’s eligibility for Title IV Financial Student Aid Program will be denied for:


  • One year after the first conviction
  • Two years after the second conviction
  • Indefinitely after the third conviction


If convicted of any offense involving the sale of a controlled substance, a student’s eligibility for Title IV Financial Student Aid Program will denied for:


  • Two years following the first conviction
  • Indefinitely after the second conviction


Eligibility may be restored if the student partakes of an approved Federal Government Rehabilitation Program.

Veteran educational and training benefits: the Department of Veteran Affairs provides education and training opportunities to eligible dependents of veterans who are permanently and totally disabled due to a service-related condition, or who died while on active duty or as a result of a service related condition.  Students can obtain more information at: http://www.gibill.va.gov

Vocational Rehabilitation Program:  This program seeks to help students with physical or mental disabilities, so that through various phases or stages they can develop their capabilities.  The students must contact the regional office corresponding to the area where he/she lives. Additional information at www.arv.pr.gov

Financial Aid Contact Information:

Mrs. Myrian Gaud Maitín, MBA, Financial Aid Manager

Ms. Mariannette Cruz, Administrative Assistant


Office Hours

Monday to Thursday: 8:00-11:30 am – 1:00-4:30 pm
Friday: Administrative Work (By appointment only)


Phone Numbers: (787) 840-2575 ext. 4734, 4736 or 4836 Fax: (787) 842-3857
E-mail: psmfinstu@psm.edu
Mailing Address: P.O. Box 7004, Ponce. Puerto Rico 00731


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