Institutional Loans Repayment


All Brown University Institutional Loans (undergraduate and medical) are repaid to the Brown University Loan Office.  The Loan Office is the servicer  responsible for billing, collection and management of loan repayment, and deferment/forbearance processing.

The Loan Office will contact you to  provide important information about your repayment terms. It is your responsibility to notify the Loan Office directly if your mailing address and contact information changes.

Online Account Access

We partner with ECSI to provide online account access. Through ECSI’s website, you will be able to view your loan account(s), access your monthly statement, and make payments online.

See details on our Servicers & Making Payments page.

Interest Rates & Grace Periods

Loan Type Interest Rate Grace Period
Brown University Loan 9% 6 months
Ellwood, Kaplan, Casperson, or  Medical Loans 7% * 6 months
Plitt/Anderson or Tarandi Loans 7% * 6 months

* Interest rate noted for loans borrowed 7/1/2011 or later. Refer to promissory note for loans borrowed prior.

Repayment Options

All Institutional Loans are repaid to the Brown University Loan Office in equal monthly installments over a maximum 10 year repayment term.

Postponing Loan Repayment

If you are having difficulty repaying your loans, take advantage of your options to postpone loan repayment.  View details of the options available and the application process in our  Deferment/Forbearance section.

Forgiveness and Cancellation

You must repay your loans even if you don’t complete your education, can’t find a job related to your program of study, or are unhappy with the education you paid for with your loan.  However, certain circumstances might lead to your loans being forgiven, canceled, or discharged. View details in our Cancellation/Forgiveness section.

Medical Loan Repayment Resources

Medical students often face specific challenges when planning for loan repayment. The Association of American Medical Colleges (AAMC) offers dynamic online repayment tools and resources to help borrowers navigate those challenges.