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Health Professions Student Loan

A federal Health Professions Student Loan (HPSL) is federal loan that MUST BE REPAID.
To determine your eligibility for a federal HPSL, you must first complete your FAFSA and be at least half-time Pre-Pharmacy or Pharmacy (P1-4) student.
- HPSL funding is limited and on a “first come, first served” basis.
You must be in good standing (not in default) on any previous federal student loans in your name.
HPSLs offer a 5% interest rate this is deferred (postponed) while in at least a half-time status.
You will received a one-time 12 month grace period after graduation, dropping below part-time status, dropping classes completely, or switching your major to another program.
- You can renew your in-school status if attending another accredited institution in a Pharmacy degree at least part-time or by returning to Drake to continue the Pharmacy program at least part-time.
You must repay your loan within 10 years.
- Deferment and forbearance options are available. Visit www.ecsi.net to determine your eligibility.
ECSI and Drake University make all final approval and denials for these requests.
- Prompt repayment of your HPSL will allow future Drake students the opportunity to receive this loan.

Henry Strong Loan

A Henry Strong loan is a loan borrowed from Drake University that you are legally required to repay.
To start the eligibility process, you must be enrolled as a full-time student under the age of 30. Contact the Loan Center in Student Financial Planning at 515-271-3742.
Your signed and dated Rights and Responsibilities document must be turned into Student Financial Planning prior to your loan being disbursed.
- Henry Strong loans offer a 5% interest rate that is deferred (postponed) until graduation, dropping below full-time status, or dropping classes completely.
You will receive a one-time three month grace period after graduation, dropping below full-time status, or dropping classes completely.
You must repay your loan within 10 years.

William Chababa Loan

A William Chababa loan is a loan borrowed from Drake University that you are legally required to repay.
To start the eligibility process, you must be enrolled as a full-time student. Contact the Loan Center in Student Financial Planning at 515-271-3742.
William Chababa loans offer a 5% interest rate that is deferred (postponed) until graduation, dropping below full-time status, or dropping classes completely.
You will receive a one-time three month grace period after graduation, dropping below full-time status, or dropping classes completely.
You must repay your loan within 5 years.

To access your loan information, visit our loan servicer’s (ECSI) website.

School Code: G3

888.549.3274

For further questions regarding this loan, please contact Randi Boelkes at 515-271-3174 or randi.boelkes@drake.edu.