Frank H. Netter MD School of Medicine Loans

This is the primary loan offered to each graduate, law and medical student who applies for financial aid. The Federal Direct Unsubsidized loan is available to all students who are matriculated in a degree granting program, have filed and met the FAFSA eligibility criteria and meet enrollment requirements. This loan does not require a credit check or a certain level of income to be approved.

The Federal Direct Graduate PLUS loan is available to all medical students who are matriculated in a degree-granting program, have filed and met the FAFSA eligibility criteria and meet enrollment requirements. This loan requires a credit check to determine credit worthiness.

Private loans are available through a limited number of education lenders to assist students when federal loans are not an option. These unsecured loans can be more costly as federal loans may offer more favorable terms and conditions. Interest rates are typically variable and may be tied to the prime rate, LIBOR rate, or treasury bill rate. Borrower eligibility, co-signer requirements, interest rates, maximum loan levels, and repayment options vary according to the program. These loans are based on creditworthiness, which is based on the applicant’s credit history.