Today is Thursday, Sep. 21, 2017

Medical Student Financial Services

Federal Financial Aid Programs

Most federal financial aid is in the form of loans from the Direct Loan Program.
 

Federal Direct Unsubsidized Stafford Loan  


Eligibility:
 Available to any U.S. citizen or Permanent Resident who completes the FAFSA and is not in default on a federal student loan.

Interest rate:  For loans first disbursed on or after July 1, 2017 and prior to July 1, 2018, the fixed interest rate is 6.00%.
 
Fees: 1.069%.

Borrowing limits:
First and Fourth year students: $42,722

Second and Third year students:
$47,167

Lifetime aggregate:
$224,000

How to apply: Complete the Master Promissory Note and Loan Entrance Counseling at studentloans.gov.  For your school, select the University of Cincinnati on Clifton Avenue.

More information: studentloans.gov

 


 Federal Direct Grad PLUS Loan   


Eligibility:
Available to any U.S. citizen or Permanent Resident who completes the FAFSA, has no adverse credit and has borrowed the maximum amount available in the unsubsidized Stafford loan.  The government defines adverse credit as (1) not currently 90 days or more delinquent on any debt, and (2) not subject to the following in the last 5 years: default determination, bankruptcy, foreclosure, repossession, tax lien, wage garnishment, or a write off of Title IV debt.  The following creditworthiness factors are NOT considered for this loan: credit/FICO score, debt-to-debt income ratio, or the amount of loan funds requested.

Interest rate:  For loans first disbursed on or after July 1, 2017 and prior to July 1, 2018, the fixed interest rate is 7.00%.

Fees:
4.276%.

Borrowing limits:
Cost of attendance less all other aid received.

How to apply:
Complete the Master Promissory Note and Loan Entrance Counseling at studentloans.gov. For your school, select the University of Cincinnati on Clifton Avenue.

Loan amount: Submit the UC COM Grad PLUS Loan Request Form to the Financial Services Office to indicate the loan amount you wish to receive.

More information: studentloans.gov



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