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Top Scholarships for Pharmacy School Students
Professional associations and foundations are great resources to find pharmacy school scholarships.
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If you’re earning a Doctor of Pharmacy degree — or are an undergraduate planning to get a Pharm.D. — scholarships can reduce the amount you have to borrow in pharmacy school loans.
Students in the class of 2020 graduated with an average pharmacy school debt of $179,514, according to a survey by the American Association of Colleges of Pharmacy. While your school may offer financial aid to help manage those costs, be sure to check out these private scholarships for pharmacy school students as well.
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formula for student loan products takes into account more than 50 data points across multiple categories, including repayment options, customer service, lender transparency, loan eligibility and underwriting criteria.
Fixed APR
3.99-17.99%
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 7/10/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.
Variable APR
5.59-17.99%
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 7/10/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.
Credible lets you check with multiple student loan lenders to get rates with no impact to your credit score. Visit their website to take the next steps.
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formula for student loan products takes into account more than 50 data points across multiple categories, including repayment options, customer service, lender transparency, loan eligibility and underwriting criteria.
Fixed APR
4.15-15.49%
Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 7/12/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.
Variable APR
5.37-15.70%
Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 7/12/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.
Credible lets you check with multiple student loan lenders to get rates with no impact to your credit score. Visit their website to take the next steps.
Tylenol Future Care Scholarships
Sponsored by McNeil Consumer Healthcare, these scholarships are for undergraduates and graduate students in medicine and health care. They recognize academic excellence, leadership and community involvement.
How to qualify: To qualify, you must be a resident of the U.S., Puerto Rico or Washington, D.C.; enrolled in a health care related field at an accredited college or university, graduate school or vocational/technical school; and have at least one year remaining in your program.
American Pharmacists Association Foundation Student Scholarship Program
This program supports students who invest time in their school’s APhA - Academy of Student Pharmacists chapter to help shape the profession.
How to qualify: You must have completed at least one year of your professional degree and demonstrate strong academic performance. Involvement in school, community activities and your local APhA chapter are also required.
American Society of Health System Pharmacists Student Leadership Awards
The ASHP Student Leadership Awards Program supports students who have demonstrated leadership ability and have an interest in pharmacy practice. The award consists of a plaque, an ASHP drug information reference library and a cash award.
How to apply: To be eligible, you must be a pharmacy student in your second, third or fourth year of the program with a GPA of at least 2.75 on a 4.0 scale. You must also be an ASHP member in good standing.
CVS Health Minority Scholarship for Pharmacy Students
CVS Health launched this program in 2019. It offers five awards of $8,000 to underrepresented minority students pursuing pharmacy degrees.
How to qualify: In addition to being an underrepresented minority, you must already be accepted or enrolled in a pharmacy degree program. Leadership, academic success and your commitment to the pharmacy profession and patient care are also considered.
American Foundation for Pharmaceutical Education Scholarships
AFPE provides funding for a range of scholarships. You can apply for most of these awards beginning in November, but visit the AFPE website for specific details:
First-Year Graduate School Fellowships in Pharmaceutical Science
These fellowships target students who are members of Kappa Epsilon, Phi Lambda Sigma and Rho Chi and who plan to pursue a Ph.D. in pharmaceutical science.
Pre-Doctoral Fellowship in Pharmaceutical Science
These fellowships are for outstanding Ph.D. candidates who are enrolled in pharmaceutical science Ph.D. programs in the U.S. You get up to two years of financial support as you prepare for professional positions in the pharmaceutical industry and in academia.
Dr. Paul B. Myrdal Memorial Pre-Doctoral Fellowship in Pharmaceutics
This award is for students who meet all the qualifications of the Pre-Doctoral Fellowship in Pharmaceutical Sciences but are also researching pharmacists. If you aren't selected for this fellowship, you will be automatically considered for the Pre-Doctoral Fellowship in Pharmaceutical Sciences.
Herb and Nina Demuth Memorial Award
This award is for students who meet all the qualifications of the Pre-Doctoral Fellowship in Pharmaceutical Sciences but are also researching parenteral drugs. If you aren't selected for this fellowship, you will be automatically considered for the Pre-Doctoral Fellowship in Pharmaceutical Sciences.
Underrepresented Minority Award
Similar to the pre-doctoral fellowships, this award is only for minority candidates enrolled in pharmaceutical science programs in the U.S. You can receive up to two years of support as you prepare for professional positions in the pharmaceutical industry and in academia.
National Community Pharmacists Association Foundation Scholarships
The NCPA Foundation funds several scholarships to support students who demonstrate strong leadership qualities and high academic achievement. To be eligible, you must be an NCPA student member. All awards have application deadlines in March.
Presidential Scholarships
For students with a demonstrated interest in independent pharmacy. Learn more.
J.C. & Rheba Cobb Memorial Scholarship
For students with a demonstrated interest in government activities. Learn more.
Willard B. Simmons Memorial Scholarship
For students with a demonstrated interest in independent pharmacy management. Learn more.
Partners in Pharmacy
For students who demonstrate a strong commitment to community service and independent pharmacy. Learn more.
Neil Pruitt Sr. Memorial Scholarship
For students with a demonstrated interest in entrepreneurship. Learn more.
Indian Health Service Scholarship Program
The Indian Health Service funds three scholarships for Alaska Native/American Indian U.S. citizens or their descendants. Applications open in December. Visit the Indian Health Service website for more details on the following awards:
Preparatory Scholarship
This scholarship provides tuition and required fees for qualified students who are preparing for professions in the health field by enrolling in undergraduate courses at nursing, pharmacy or other such schools. Preparatory courses are defined as those that are required to improve science, mathematics or other basic skills and knowledge. The qualification criteria are lengthy, so consult the scholarship handbook to see if you’re eligible.
Pre-Graduate Scholarship
The Pre-Graduate scholarship provides tuition and required fees for qualified students to enroll in courses leading to a bachelor’s degree in pre-medicine, pre-dentistry, pre-podiatry and others as needed by the Indian health programs. This program is designed to prepare you for admission to an accredited medical, dental, pharmacy or other health profession school.
Health Professions Scholarship
The Health Professions scholarship provides financial aid covering tuition, fees, and educational and living expenses for qualified students who are applying to, accepted by or enrolled in a health profession program. You incur a service obligation if you accept funding from this program, and priority is generally given to graduate students and junior- and senior-level undergraduates.
More ways to pay for pharmacy school
The scholarships on this list are all great ways to help pay for college. But be sure to fill out the Free Application for Federal Student Aid to be eligible for other sources of financial aid. The FAFSA is the key to unlocking grants, work-study opportunities, additional private scholarships, federal student loans and, typically, government health professions student loan.
Once you’ve maxed out all initial payment options — including federal loans — consider private graduate student loans to cover additional costs. Private loans tend to carry higher interest rates than federal loans. They also have fewer protections and may not qualify for as many pharmacy loan forgiveness options. Shop around before choosing a lender to ensure you get the best deal.