Medical School Loan
Graduate degrees are specialized. Graduate loans should be too.
Our new Medical School Loan features competitive interest rates, plus enhanced repayment flexibility as your graduates begin their careers.
Highlights
- 20-year repayment term, with no prepayment penalty
- Expanded 36-month grace period. One-time interest capitalization (interest added to the principal amount) at the end of the grace period.
- Qualifying students can elect to make interest-only payments upon entering repayment
- Now with an 18-month enrollment window
- Internship and residency deferment of up to 48 months. When combined with our generous grace period, it covers up to 84 months.
- We offer one of the shortest cosigner release qualification periods. Borrowers may apply to release their cosigner from the loan after they graduate, make 12 on-time principal and interest payments, and meet certain credit requirements.
All while earning academic credit!
Features
- Competitive fixed and variable interest rates
- Flexible in-school or deferred payment options.
- Qualified borrowers can receive an APR lower than the Grad Plus
- No origination fee or prepayment penalty
- No aggregate loan limit
The Medical School Loan vs the Federal Direct Grad PLUS Loan
This loan can be a good alternative to the Federal Direct Grad PLUS Loan; and, if you’re highly qualified, you may receive a lower interest rate.
| Our Medical School Loan | Direct Grad PLUS Loan | |
|---|---|---|
| Available for less than half-time enrollment |  | |
| Offers variable interest rates | | |
| Offers fixed interest rates | | |
| No origination fee | | |
| 6-month grace period | | |
| Deferred repayment option | | |
| Multiple in-school repayment options | | |
| Rate reduction for auto debit enrollment | | |