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Financial Aid

INSTITUTIONAL LOANS

  Perkins Loan School of Medicine Loan
Features For students with demonstrated exceptional financial need. Administered to students as part of their School of Medicine financial aid package. $40,000 aggregate limit, including undergrad loans) For students with demonstrated exceptional financial need. Administered to students as part of their School of Medicine financial aid package.
Interest Rate 5% interest rate; interest is subsidized during school, grace, and deferment.   6% interest rate; interest is subsidized during school, grace, and deferment
Fees None None
Repayment 9-month grace period; deferment available to those who qualify; can forebear through residency. 9-month grace period; can defer up to 3 years during residency.
Disbursement Twice per loan period.  Promissory note must be signed and returned. Twice per loan period.  Promissory note must be signed and returned.

institutional Loan Process For Entering Students

If you were awarded an Institutional loan, you will need to:

Step 1:Submit 2012-13 FAFSA (Free Application for Federal Student Aid) Perelman School code is 003378

Step 2: You will sign the MPN for this loan at the SOM Financial Aid office when you arrive at orientation. This MPN must be signed before disbursement to your student account

Page Updated: 08-Nov-2012