Saint Louis University

Federal Direct Loan Programs

To assist you in financing your education, we offer the Federal Direct Loans to students who are or will be enrolled at least half-time. Federal Direct Loans offer you the ability to borrow funds at a fixed interest rate with a variety of repayment plans, and extended repayment terms. To apply for the Federal Direct Loans you must submit the Free Application for Federal Student Aid (FAFSA) with the Saint Louis University federal school code of 002506.

Once we receive your FAFSA information from the processing center, we will determine your eligibility for the Federal Direct Loans. If you are borrowing for the first time, you must complete the Federal Direct Loan Master Promissory Note (MPN) and entrance counseling. For additional information on the Federal Direct Loan Program, and to access the MPN and entrance counseling click here. We are here to assist you; should you have any questions, please do not hesitate to contact us.

Below is a breakdown of the maximum Federal loan amounts that students may be eligible to receive based on class level. Actual awards may vary based on scholarship eligibility.

While you can borrow up to your Cost of Attendance, you can save money by borrowing only what you need, utilize the Simple Budget Sheet to help you plan and borrow wisely.

First Year Medical Students

10 Month Academic Year

2016-2017

Unsubsidized Loan

$42,722

Graduate Plus Loan

$32,504

Total

$75,226

 

Second Year Medical Students

10 Month Academic Year

2016-2017

Unsubsidized Loan

$44,944

722raduate Plus Loan

$37,242

Total

$77,026

 

Third Year Medical Students

12 Month Academic Year

2016-2017

Unsubsidized Loan

$47,167

Graduate Plus Loan

$32,055

Total

$79,222

 

Fourth Year Medical Students

11 Month Academic Year

2016-2017

Unsubsidized Loan

$42,722

Graduate Plus Loan

$31,620

Total

$74,342

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