The Office of Financial Aid and the Alpert Medical School Office of Financial Aid determine student eligibility for financial aid and award all federal and institutional student loans.
Evaluate Loan Options
Once the Financial Aid Office has determined the financial aid award, students are required to accept or decline the loans included in their award.
It is important to carefully review financial aid awards and make informed decisions. Scholarships and grants do not need to be repaid and should always be accepted when offered to students.
Understanding the terms of each loan program will help students make educated decisions about their loan borrowing. Students will be responsible for repaying their loans and need to understand what will be expected once their loans enter repayment.
Some important terms to understand are the interest rate, grace period, length of repayment, minimum monthly payment, repayment plans, and deferment/forbearance options.
The Loan Repayment Chart and Loan Deferment Chart (below) make it easy to evaluate loan programs at a glance. Refer to the individual loan pages in this section for additional details.