MD Student Links
- Information for Incoming and Prospective Students
- Information for ACCEPTED Students
- Financial Aid Home Page
- How to Apply
- Cost of Attendance
- Grants & Scholarships
- AAMC: FIRST
- Disbursement Schedule
- MD Student Forms
FAFSA Code: E00568
MD Financial Aid Manual
- General Information
- What is Financial Aid
- Financial Aid Guidelines
- Determining Financial Need
- The Application Process
- Sources of Financial Aid
- Your Credit Report
- Sample Repayment Schedule
- Award Payment & Review
- Over Awards
- Satisfactory Academic Progress
- Application Hints & Reminders
- Glossary of Financial Terms
The Federal Direct Loan Program
The following aid programs are obtained from sources outside of the Morsani College of Medicine:
- Subsidized Federal Direct Loan (SFL) - Effective July 1, 2012 Graduate/Professional Student are not eligible to borrow through the SFL program.
- Unsubsidized Federal Direct Loans (UFL) - A first year graduate medical student may borrow a maximum of $42,722, a second year student may borrow a maximum of $40,500, a third year student may borrow a maximum of $47,167, and a fourth year student may borrow a maximum of $44,944. All graduate medical students have an aggregate maximum of $224,000 (including undergraduate and graduate SFL, UFL, and FSLS loans, combined). For loans disbursed on or after July 1, 2006, the interest rate is a fixed rate of 6.8% for the life of the loan. For loans disbursed before July 1, 2006, the interest rate is variable and is determined on July 1st of each year. During in-school, grace and deferment periods, this variable interest rate is equal to the 91-day Treasury bill plus 1.7%, and during repayment the rate is equal to the 91-day Treasury bill plus 2.3%. The interest rate is not to exceed 8.25% at any given time.
Interest not paid while the student is in school may accrue and compound at the time of repayment. Students are encouraged to borrow as little as possible through the UFL and Grad PLUS programs.