Private Medical School Loans

Very often scholarships and Federal Stafford loans are not enough to cover the true cost of medical school.  The GradLoans.com private Medical School Loan was designed with this in mind.  You can get funds up to the cost of tuition, delivered to you in as little as 5 business days. 

Apply online or call toll-free 800-926-2716

You can use a Medical school loan to cover any education related expenses, including, computers, books transportation, and room and board.

GradLoans Medical School Loan Benefits

• Funds sent directly to you in as little as 5 days
• Low interest rates and no application fees
• Fast online approvals with a high approval rate
• Full deferment until you leave school with a variety of repayment options

Loan Qualifications

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, and be enrolled at least half time at an eligible college or university.

• Be at least 18 years old, or the age of majority in your state;
• Meet our criteria for creditworthiness. If you do not meet our criteria, please consider applying with a creditworthy co-borrower.

Undergraduate students should visit our undergraduate private loan section to apply for private student loans for undergrads.

Apply online or call toll-free 800-926-2716

Annual Percentage Rate (APR) and Repayment Example:

If you borrowed $10,000 in a single installment, the 3-month LIBOR remained constant at 3.076% (as of April 1, 2008) and you had a 24-month combined in-school and 6-month grace period with a 240-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	0.00%	8.625%	N/A	240 payments of $87.57
Immediate Interest and Deferred Principal Repayment	5.75%	9.182%	30 payments of $70.73	240 payments of $92.92
Both Deferred Interest and Principal Repayment	6.25%	9.310%	N/A	240 payments of $115.97

Medical School Loan Borrowing Amounts

You may borrow from $1,500 up to the cost of attendance minus other aid. See the chart below for more details.

Degree Program	Cumulative Maximum	Limit Per Academic Year
Medicine	$1,500 - $225,000	Cost of Attendance Minus other Aid
Dentistry	$1,500 - $225,000	Cost of Attendance Minus other Aid
Law School	$1,500 - $130,000	Cost of Attendance Minus other Aid
Business School	$1,500 - $120,000	Cost of Attendance Minus other Aid
Osteopathic	$1,500 - $130,000	Cost of Attendance Minus other Aid
Nursing School Loans	$1,500 - $120,000	Cost of Attendance Minus other Aid
All Others	$1,500 - $120,000	Cost of Attendance Minus other Aid

Apply online or call toll-free 800-926-2716

What else sets the GradLoans Medical School Loan apart?

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. Other benefits include:

• Flexibile repayment options
• 6 month grace period after graduation
• Low minimum monthly payment of $50
• No prepayment penalties
• 24/7 online account access

Federal Stafford Loan for Medical School

• Learn more about Stafford loans for medical school
• Apply Online - Federal Stafford Loan Application

Research Top Medical Schools

• Harvard University
• Johns Hopkins University
• Washington University in St. Louis
• University of Pennsylvania
• University of California-San Francisco
• Duke University
• University of Washington
• Stanford University
• University of California-Los Angeles
• Yale University

Apply online or call toll-free 800-926-2716

After Graduating From Medical School

• Learn more about student loan consolidation
• Consolidate your business school loans

GradLoans Medical School Loans are funded by Doral Bank NY FSB, an Equal Opportunity Lender.