Top Scholarships For Pharmacy School Students – Forbes Advisor

Top Scholarships For Pharmacy School Students – Forbes Advisor

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Depending on where you choose to study, a Doctor of Pharmacy degree can cost well over six figures. On average, pharmacy school students owed over $170,000 in 2022, according to an American Association of Colleges of Pharmacy Graduating Student Survey.

Although you can apply for financial aid through the government, scholarships can give you an edge by eliminating any additional debt after graduation. If you want to attend pharmacy school, explore all available scholarship options before enrolling.

ASHP Student Leadership Award Program

The American Society of Health-System Pharmacists (ASHP) offers $2,000 scholarships to pharmacy students with a strong leadership record. To apply, students must submit three letters of recommendation, write a 750-word essay and include a current resume.

To qualify, you must be a full-time student attending a college of pharmacy recognized by the Accreditation Council for Pharmacy Education (ACPE). You must also be a member of the ASHP and have a 2.75 GPA or higher. New pharmacy students are not eligible; you must have finished at least one year in pharmacy school.

TYLENOL® Future Care Scholarship

Tylenol offers a $10,000 scholarship to one student; 25 students will receive a $5,000 scholarship. All awards are offered on a one-time basis. You can use funds to cover tuition, fees, books and other supplies required for full-time study.

Students must live in the U.S. or Puerto Rico to be eligible. Both current and incoming students are eligible, and you can reapply for this scholarship if your application is rejected.

To qualify, you must be attending an accredited school full-time. There is no specific minimum GPA requirement. Instead, students will be judged on several factors, including GPA, community service, essay quality and academic record.

Walmart Health Equity Scholarship for Pharmacy Students

This scholarship program, which was created through a partnership between Walmart and the AACP, is given to seven Doctor of Pharmacy (Pharm.D.) degree students who want to work with historically underserved or rural populations. Each student will receive a one-time $5,000 scholarship.

Only U.S. citizens and permanent residents are eligible. There is no minimum GPA required to apply, but you must be enrolled in a three- or four-year program. The organization will evaluate your leadership qualities, your overall academic record and focus on helping underserved patients.

CVS Health Minority Scholarship for Pharmacy Students

The CVS Health Minority Scholarship for Pharmacy Students provides an $8,000 scholarship to five underrepresented minority pharmacy students enrolled in a Pharm.D program for the 2023-2024 academic year. The program was created to promote a diverse workforce of student pharmacists offering services to a diverse population.

Only U.S. citizens or permanent residents identifying as Black or African-American, Hispanic or Latino, American Indian, Native Hawaiian or Pacific Islander are eligible. You must have a GPA of 2.0 or higher for award consideration.

Pharmacists Mutual Community Pharmacy Scholarship

The Pharmacists Mutual Community Pharmacy Scholarship provides $3,000 for each winner, totaling up to $60,000 annually.

Only students interested in working for an independent or small chain of pharmacies or in an underserved area are eligible.

Applicants must provide a letter of recommendation, write an essay and include a college transcript. The application is due December 1, 2023 for the following academic year. Only students currently in their second or third year of pharmacy school qualify for this award.

PLS-AFPE First-Year Graduate Scholarship

This $10,000 scholarship is given to one exceptional pharmacy student in an ACPE-accredited Doctor of Pharmacy program and a member of Phi Lambda Sigma.

Only students in their last year of a Doctor of Pharmacy program are eligible. They must also plan to enroll in a Ph.D. program or be currently enrolled in a dual Pharm.D./Ph.D. program.

Applicants must have two letters of recommendation from professors, an official transcript, a resume and a copy of GRE or SAT scores. Only U.S. citizens and permanent residents are eligible.

NCPA Foundation Presidential Scholarship

The National Community Pharmacists Association (NCPA) provides $5,000 scholarships to pharmacy students interested in working for an independent pharmacy. Winners will also receive a $300 travel stipend and free registration to the NCPA annual conference.

The NCPA will evaluate applicants based on leadership qualities, accomplishments and a demonstrated interest in independent pharmacy work. To apply, you must submit an official transcript, resume and a recommendation letter from a professor, school official or pharmacy manager.

Partners in Pharmacy Scholarship

This $2,000 scholarship is given to pharmacy students with a record of academic success, community service and an interest in independent pharmacies. Like other NCPA scholarships, the winners will get free registration to the NCPA annual conference and a $300 travel stipend.

To apply, students must provide an official transcript, recommendation letter and resume. They must also write an essay describing their interest in independent pharmacy and future career goals.

Willard B. Simmons Sr. Memorial Scholarship for Pharmacy Management

The Willard B. Simmons Sr. Memorial Scholarship for Pharmacy Management provides a $2,000 award to students who care about independent community pharmacy, especially pharmacy management and entrepreneurism. They will have to provide an essay showing why they are interested in working in those fields.

Applicants must also provide a letter of recommendation, official transcript and resume. Only pharmacy students who are within 24 months of graduating can apply.

Using Student Loans for Pharmacy School

Students who don’t receive enough scholarship funding can take out student loans to pay for pharmacy school. Pharmacy students are eligible for two types of federal student loans: direct unsubsidized loans and grad PLUS loans. Parents of pharmacy students cannot take out federal student loans.

The annual limit for direct unsubsidized loans is $20,500 a year, and the aggregate limit is $138,500. If you meet one or both of those limits, you will not be eligible for more direct unsubsidized loans. Instead, you can take out grad PLUS loans, where the annual limit is the cost of attendance minus other financial aid. There is no aggregate limit for grad PLUS loans.

Pharmacy students who take out federal student loans are eligible for loan forgiveness programs like Public Service Loan Forgiveness (PSLF) and income-driven repayment plans.

Pharmacy students can also take out private student loans, but these have fewer borrower protections and benefits than federal loans. If you don’t qualify for a federal student loan, a private loan may be your only option.

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