Types of Financial Assistance for Graduate Students School of Medicine

Federal Subsidized Stafford Loans have a fixed 6.8% interest rate as of July, 1, 2006. The maximum that a graduate/professional student may borrow per academic year is $8,500. No interest accrues while in full-time studies, grace, or deferment status. Repayment begins 6 months after the last date of attendance. Repayment of loans may be deferred. Graduate/professional students are considered independent for these federal funds. Students must be U.S. citizens or permanent residents. For additional terms click here.

Federal Unsubsidized Stafford Loans are subject to the same terms and conditions as the Federal Subsidized Stafford Loans with the following exceptions. Interest will accrue during the in-school, grace, and deferment periods. These loans may replace the estimated family contribution. The annual borrowing limit is $20,500 minus any amount received under the Federal Subsidized Stafford Loan Program. The maximum combined Subsidized and Unsubsidized aggregate loan limit is $138,500.The aggregate loan limit includes undergraduate loans.

Federal Graduate PLUS Loans have a fixed 8.5% interest as of July 1, 2006. The maximum amount that a graduate/professional student may borrow per academic year is the cost of attendance less any other financial aid. Interest accrues from the time the funds are disbursed. Repayment begins at graduation, but may be deferred. Federal Stafford Loans will be utilized first. For additional terms click here.

Private Loans are available to international students and generally require a U.S. co-signer. The maximum amount a student may borrow is the cost of attendance less any other financial aid. Interest rates are variable. Interest will accrue from the time the funds are disbursed.