Health Professional Loan
Borrow what makes sense.
Health professional students, working towards an advanced degree face the daunting task of paying for increasing medical school tuition and fees. The Educated Borrower® Health Professional Loan meets this challenge by allowing qualified medical students, enrolled in an approved health discipline, to borrow the entire cost of education, less other financial aid received. A qualified student borrower, or a student borrower with a qualified co-signer, may borrow up to $60,000 per year and $240,000 in total student loans, subject to the total cost of attendance at your school.
No preset maximum income limits.
The Educated Borrower® Health Professional Loan is not based on financial need, which means we'll never dismiss your student loan application because you make more than a certain amount. Every family's needs and finances are different, and we plan accordingly.
No depletion of current funds necessary.
We recognize that obtaining a health professional degree or certificate is a substantial long-term investment that generates benefits for a lifetime. That is why we offer repayment terms of up to 15 years, resulting in lower monthly payments (please click here to compare our loan terms, please click here). The Educated Borrower® student loan can provide an alternative to liquidating tax-deferred savings such as 401(K) accounts, taking out home equity loans or borrowing with high-interest credit cards.
Repay When It Makes Sense.
Our student loan terms allow students to complete their health professional education, residency and internship, and defer all medical student loan payments either until 180 days following graduation, when enrollment falls below half time or until post-graduation training has been completed. There are never any prepayment penalties with The Educated Borrower® Health Professional Loan.
Applying is Simple.
Health Professional Students may qualify for The Educated Borrower® Health Professional Loan with their own credit or use a qualified cosigner, so that there are no Federal FAFSA forms to complete. Furthermore, there are no student loan application fees or other out-of-pocket expenses to apply.
Students can finance school tuition and fees, room and board, books and supplies, transportation and living expenses and head towards a rewarding health professional career.
As with any private education loan, you should exhaust federal loan options before taking out any private education loan.
Important Note: Loan terms are subject to change at any time and funds cannot be guaranteed prior to final credit approval and the return of a completed application (including a signed application and promissory note and acceptable supporting documents)