Welcome University of Chicago Pritzker School of Medicine Students and Families

Terms

• 6.8% fixed interest rate
• 0.25% repayment interest rate reduction when payments are set up for automatic debit from a bank account
• 0.5% 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
• Unsubsidized = $40,500 minus any subsidized Stafford loan amount

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

There is no credit check and a cosigner is not required

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