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
Private Loan Programs
- Private Alternative Loan Programs (ALP) - The ALP loan was designed to assist funding for any student wishing to obtain a medical education. It is not a need based loan and students may borrow the cost of education less amounts received from Federal Direct loans, Federal Direct Graduate/Professional PLUS loans, institutional funds, and/or private funds. Once a private student loan lender has been selected a credit check will be conducted to determine the student's credit worthiness. The interest rate, which begins to accrue when the loan is disbursed to the school, will vary among lenders and may capitalize as often as every 3 months. An insurance fee will be deducted from the principal borrowed. This also varies among lenders. Minimum payments may also be required. Students are encouraged to avoid this loan program if at all possible. The nature of the program presents the borrower with the potential of obtaining a severe, and often, unmanageable debt burden. Students finding it necessary to make an application for this loan must speak with the Financial Aid Specialist before their application will be processed. They are encouraged to wait as late in the academic year as possible before submitting their application materials or requesting disbursement dates as late as possible, thereby reducing the amount of time interest accrues. Processing time is 2-4 weeks and application materials are available from the Morsani College of Medicine Financial Aid Office or from participating lending institutions.