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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.

Quick Reference

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

Email
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

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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.

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