We always encourage students to apply for scholarships throughout their medical education; however, we know that most students need to borrow loans to meet their financial needs. It is important to research the available loan types so you can find the best loan package to fit your needs. The rights and responsibilities of each loan option should also be viewed before beginning medical school.
We strongly encourage you to review the information detailed in the following pages about the available loan types. You can also view a brief summary of the loan types by clicking on the following link: Loan Overview.
Your financial aid award letter details your Federal Direct Unsubsidized Loan eligibility only if you filed the Free Application for Federal Student Aid (FAFSA). If you need to borrow funds beyond those available through the Federal Direct Loan program, the Federal Direct Graduate PLUS Loan is available.
Federal loan programs offer a secure borrowing option even in today's uncertain economy. Students should consider the Unsubsidized Stafford Loan, followed by the Federal Graduate PLUS Loan.
To complete the Master Promissory Note for both your Federal Direct Unsubsidized and Graduate Plus loans visit: Studentloans.gov(*Please Note: You will be re-directed to the U.S. Department of Education's Web site to complete your master promissory note. The master note is good for 10 years. If you have previously borrowed from the Federal Direct Loan Program, you will not need to complete a new master promissory note. Please apply for your Graduate PLUS loan no sooner than 90 days before your start date. The U.S. Department of Education will complete a credit check, and the credit check is valid for 90 days.)