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