University Loans (Institutional Loans) are awarded based on financial need. Loan funds have been donated to the School of Medicine
from generous alumni and friends.
Students who file the Free Application for Federal Student Aid (FAFSA) with student (and spouse if applicable) and parental data and demonstrate financial need will be considered for the University Loan. To apply for the University Loan the following is required:
- Complete the FAFSA (www.fafsa.gov), with student as well as parental information
- Submit a SIGNED copy of the student’s (and spouse) Federal Tax Returns
- Submit a SIGNED copy the of parental Federal Tax Returns
- Submit a completed copy of the Verification worksheet SIGNED by the student and parent
The amount of the loan varies according to available funding and financial need. The interest rate on Institutional Loans is 9%, however, interest does not accrue while in school or during residency. Repayment begins six months after you graduate or cease to be enrolled on a full time basis. University Loan funds will only be applied toward tuition and will not be refunded to the student.
To view an overview of this loan and the other types of available loans, click Loan Overview