Graduate Loans for Medical School

Private Alternative Medical Student Loans

Your student financial aid award package will tell you what types of student loan programs you are eligible for, including federal loans such as the graduate Stafford Loan. If you have remaining unmet need, you may need private "alternative" education loans to cover all your expenses. Your school's financial aid office can help you determine which programs are right for your unique situation.

Graduate Alternative Student Loans for Medical School

When scholarships and Federal loans are not enough, the GradLoans Alternative Student Loan for Medical Students is here to bridge the gap of the cost of your education. Created for graduate students and families with unmet financial need, our goal is to make your medical school education possible!

Apply now! or call toll-free 1-800-926-2716!

Why is the GradLoans Medical School Loan so unique?

• Fast online approvals
• Low interest rates and fees
• High approval rating
• High annual maximums
• A variety of repayment options (immediate, interest only, or full deferment until you leave school)
• No application fee or out-of-pocket expenses
• You can use this loan to cover any education related expenses, including transportation, computers, books and room and board
• 24/7 online account status access

How do I qualify for a medical student loan?

• You must be a U.S. Citizen or permanent resident with a valid permanent-resident card; or
• An international student, applying with a U.S. citizen or permanent resident Co-Borrower; or
• An international student with a U.S. citizen or permanent resident applying on your behalf.
• Be at least 18 years old, or the age of majority in your state;
• Be enrolled at least half time at an eligible institution;
• Meet our criteria for creditworthiness. If you do not meet our criteria, please consider applying with a creditworthy co-borrower.

How much can I borrow for a medical school loan?

• Annual minimum of $1,500
• Annual maximum of the lesser of $70,000 or cost of attendance minus other aid

Degree Program	Cumulative Loan Limit	Limits for each Academic Year
Medicine	$1,500 - $225,000	Cost of Attendance Minus other Aid
Osteopathic	$1,500 - $130,000	Cost of Attendance Minus other Aid
Medical Board Loans	$1,500 - $15,000	One time loan
Medical Resident and Relocation Loans	$1,500 - $15,000	One time loan

What is my interest rate going to be?

In School Rates as low as

• LIBOR + 3.75% (Immediate Interest and Principal Repayment)
• LIBOR + 3.75% (Immediate Interest and Deferred Principal Repayment)
• LIBOR + 4.15% (Both Deferred Interest and Principal Repayment)

Repayment Rates as low as

• LIBOR + 4.30% (Immediate Interest and Principal Repayment)
• LIBOR + 4.40% (Immediate Interest and Deferred Principal Repayment)
• LIBOR + 4.50% (Both Deferred Interest and Principal Repayment)

Choose your reward!

• .25% interest rate reduction if you choose to have your loan payment automatically deducted from your bank account or if you make 48 consecutive on-time payments

What else sets the GradLoans Alternative Student Loan for Medical Students apart from the rest ?

• Low minimum monthly payment of $50
• Full deferment and forbearance options available while in school, working towards a residency or internship, unemployed or experiencing an economic hardship, serving in the military or needing an administrative forbearance
• 6 month grace period before repayment begins
• Fees as low as 0%
• 20 year repayment for Medical School loan, 15 years for all others

Annual Percentage Rate (APR) and Repayment Example:

If you borrowed $10,000 in a single installment, the 3 month LIBOR remained constant at 3.42% and you had a 24-month combined in-school and 6 month grace period with a 180-month repayment period, your possible APR and repayment schedules are shown below. Your annual percentage rate may increase or decrease after consummation.

Repayment Option	Origination Fee	APR	In School & Grace Period	Repayment Period
Immediate Interest and Principal Repayment	0%	6.24%	30 payments of $84.39	150 payments of $86.13
Immediate Interest and Deferred Principal Repayment	0%	6.26%	30 payments of $50.00	180 payments of $86.43
Both Deferred Interest and Principal Repayment	3%	6.60%	30 payments of $0.00	180 payments of $103.40

Graduate Loan Applications for Medical School
877-328-1565