Welcome University of Chicago Pritzker School of Medicine Students and Families

Terms

• 8.5% fixed interest rate
• 0.25% repayment interest rate reduction when payments are set up for automatic debit from a bank account.


• 3% origination fee
• 1% default fee (waived if paid by guarantor)
• Zero prepayment fees


• Zero payments until 6 months after graduation or enrollment in school less than half-time
• 10 to 25 year repayment period
• Flexible repayment terms
• Authorized deferment and forbearance options may be available for economic hardship, unemployment, or while you are in school
• There are no penalties for early repayment for federal loans
• Loans up to 100% of your Cost of Attendance minus other aid, based on school certification

Eligibility

Eligibility criteria are determined by the federal government and include:

• You must be a U.S. citizen, a permanent resident or an eligible non-resident
• You must be enrolled at a school that participates in the Federal Family Education Loan Program (FFELP)
• You must be in good standing on your other education loans and grants
• You must pass a credit check or complete an endorser option

How to Apply

• Determine the amount you want to borrow
• Have your Social Security number, driver’s license, two references, and FSA PIN ready *
• Click the Apply Now button and follow the instructions to complete your application
• We will check your credit and send your application to your school for certification
• We will confirm your loan approval, confirm your loan amount, and arrange for payments to be made according to your school's preferences