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Financial Aid Loans: General Information

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A component of the financial aid package is considered "self-help" aid which includes funding from educational loan programs. Low interest loans are made available to assist students with meeting their education costs each year. At The Johns Hopkins University School of Medicine, the loan programs are funded through federal and institutional resources. Students must complete the FAFSA application to be considered for loan eligibility. In addition to completing the FAFSA application, students will be required to complete a loan promissory note for each loan type before any disbursement of funds. Eligible programs:

Federal Direct Stafford Loan – Unsubsidized

(William D. Ford Federal Loan Program)

  • Maximum $20,500 per academic year –Graduate students
  • Maximum $40,500 per academic year –Medical students (9-month program)
  • Maximum $42,722 per academic year –Medical students (10-month program)
  • Maximum $47,167 per academic year –Medical students (12-month program)
  • Interest rate is determined June 1 of each year
  • Origination loan processing fee (less than 2%)
  • Interest accrues while in school, during grace period (six months), or in deferment
  • Eligible for deferment or forbearance
  • Required to complete Master Loan Promissory Note
  • Entrance interview required for first-time borrowers

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Federal Direct Graduate PLUS Loans

  • Students may borrow up to the full cost of education less any other aid received
  • A credit check is required of all students
  • Interest rate is determined June 1 of each year
  • Origination loan processing fee (4.2%)
  • Repayment begins within 60 days after the final disbursement. Students may apply for a deferment while attending school.
  • Required to complete a Master Loan Promissory Note
  • Entrance interview required for first time borrowers

Note: The Direct PLUS loan is considered a loan of last resort.  Interested students are required to borrow total eligibility under the Federal Direct Stafford Unsubsidized loan program before considering borrowing from the Direct Graduate PLUS loan program.

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School of Medicine University Loans

  • Maximum - varies
  • No interest while in school or grace period
  • 5% fixed interest rate
  • No loan origination fee
  • 18 month grace period after graduation
  • Eligible for deferment or forbearance
  • Required to complete Loan Promissory Note for each loan

Learn more

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