Financing Options & Borrowing Wisely

Financing Options

Families are encouraged to learn about the various options and make informed financial decisions. The links below provide details on the each financing option. Our Glossary & Definitions section provides further detail on some common financing terms.

In addition to Grants and Scholarships, financing options available to families include:
Brown's Installment Payment Plan (IPP)
Federal Stafford Loans
Federal PLUS Loans
Federal Perkins Loans
Institutional Loans
Private Loans 

Undergraduate families are strongly encouraged to review the Educational Financing section of the Financial Aid website. The section includes the "Financing a Brown Education Planner" - a brochure and worksheet to help families develop a financial plan. 

Graduate School financial aid at Brown is mostly merit based and awarded by individual departments and programs through the Graduate School. Outside of any funding provided by the Graduate School, the Office of Financial Aid assists students in determining their eligibility for additional resources, including federal or private student loans. 

The Alpert Medical School (AMS) Office of Financial Aid is dedicated to assisting students who may not have the financial resources to meet the full cost of attending medical school. When a student and his or her family have a demonstrated financial need, a variety of financial aid options are available from AMS institutional and external sources.

Borrowing Wisely

If loans are part of your financing plan, you'll want to borrow wisely to keep your loan debt as low as possible.

  • Scholarships and grants do not need to be repaid.
  • Assess your needs before you borrow.  Students are not required to borrow the full amount of loans that have been offered. Do you need the full amount that is offered? Do you need additional funds to cover expenses?
  • Compare the loans you've been offered. Choose the loans with the lowest interest rates and best borrower benefits, such as: deferment, forbearance, and forgiveness options. See our Helpful Tips for Loan Borrowers.
  • Always maximize your Federal Loan borrowing before you borrow an Institutional Loan or Private Education Loan. Federal loans offer borrower protections in the form of deferment and forbearance options.
  • If you decide to borrow loans, you'll need to complete a series of steps to receive your loan funds. Learn about the Loan Application Process & Disbursement.