Office of Admissions and Financial Aid >
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
