Loan Information

Federal Loans

Federal Unsubsidized Stafford and Graduate Plus loans are the most popular loans utilized at Wake Forest School of Medicine.  Both loans offer a six month grace period at the end of medical school and eligibility for Public Service Loan Forgiveness (PSLF).  

Both the Stafford and Grad Plus loans require a Promissory Note from the Department of Education as well as Entrance and Exit Counseling.

Types of Federal Loans

  • Federal Stafford Unsubsidized Loan
    • A low-interest loan from the Federal government.
    • Interest accrues on this loan while you are in school from the date of disbursement.  The interest will capitalize when you are no longer a full time student or you have graduated. 
    • Repayment begins six months after graduation or withdrawal from school at which time you must begin to repay the loan.  (See the Office of Financial Aid if you are planning a research year or leave of absence.)
    • The Unsubsidized Stafford Loan is subject to an origination fee.
    • There are annual and lifetime aggregate limits for this loan dependent on your program and academic year. 
  • Federal Graduate Plus Loan
    • A low-interest loan from the Federal government.
    • Interest accrues on this loan while you are in school from the date of disbursement.  The interest will capitalize when you are no longer a full time student or you have graduated. 
    • Repayment begins six months after graduation or withdrawal from school at which time you must begin to repay the loan.  (See the Office of Financial Aid if you are planning a research year or leave of absence.)
    • The Unsubsidized Stafford Loan is subject to an origination fee.
    • You may borrow up to Cost of Attendance (COA), however we will utilize the Unsubsidized Stafford Loan to its maximum(s) prior to originating a Grad Plus Loan.
    • Grad Plus loans are credit based.  Credit review is based on delinquencies and bankruptcies, but not credit score.

Additional information on federal loans can be found at https://studentaid.ed.gov/sa/types/loans.  

Private Loans

Private loans are available to students, however students are encouraged to seek counsel from the Financial Aid Office before pursuing a private loan.  Comparison information between federal and private education loans can be found at the AAMC website.

Quick Reference

Financial Aid

Phone: 336-716-4264
Fax: 336-716-9593

E-mail:
finaid@wakehealth.edu

Hours
Mon - Fri 7:30 am - 4:30 pm

Location: 

Bowman Gray Center for Medical Education, 1st Floor, 475 Vine St.

Mailing Address:

Office of Financial Aid
Wake Forest School of Medicine
PO Box 573183
Winston Salem, NC 27157

Find A Doctor Ways to Give
Last Updated: 06-17-2016
Comprehensive Cancer Centers National Designation is RenewedMagnet Hospital RecognitionConsumer Choice2015 Best DoctorsJoint Commission Report

Disclaimer: The information on this website is for general informational purposes only and SHOULD NOT be relied upon as a substitute for sound professional medical advice, evaluation or care from your physician or other qualified health care provider.

© Wake Forest Baptist Medical Center, Medical Center Boulevard, Winston-Salem, NC 27157. All Rights Reserved.