School of Medicine University Loan
The Johns Hopkins University School of Medicine, through the generosity of alumni and friends, has provided funding to establish low interest loans to assist many of the medical students to meet their educational costs. Students may be considered for institutional loans after meeting borrowing limits from the federal loan programs.
A loan promissory note is required for each loan amount approved. The loan promissory note will be provided by the Financial Aid Office at the time of awarding.
Terms of the loan:
- Repayment of the principal and interest will begin 36 months after the student graduates or terminates full-time study at this Institution.
- Forbearance will be considered for extenuating circumstances.
- Interest at the rate of SEVEN percent (7%) per annum, on the unpaid balance, will begin to accrue three years after the student graduates or terminates full-time study at the Institution
- It is the student’s responsibility to keep the Student Loan Office of The Johns Hopkins University (Eastern Campus, 1101 E. 33rd Street – Suite B200,Baltimore, Maryland 21218) advised at all times of change in mailing address.
- Deferment requests for these loans are not usually granted. However, if the student has special circumstances, they may contact the Financial Aid Office School of Medicine for consideration.
- There are no cancellation benefits for this loan.
- The student may, at his or her option and without penalty, prepay all or any part of the principal plus the accrued interest at any time.
