Loan Information

• A low-interest loan from the Federal Government.
• Interest will accrue on this loan while you are in school. Interest is no longer capitalizing when students enter repayment for the first time.
• This is not a need-based program.
• PA students may borrow up to $20,500 a year.
• MD students may borrow up to $47,167.
• The aggregate Federal Direct Loan borrowing limit is $138,500 (MD students may borrow up to $224,000), including the remaining balance of any Federal Stafford or Direct Loan borrowed at the graduate and/or undergraduate level.

Terms and Conditions

• Interest Rate is 8.083%.
• You will be responsible for all interest accrued on this loan from the date of disbursement. Your repayment will begin six months after graduation or withdrawal from school, at which time you must begin to repay the loan.
• A Federal loan origination fee of 1.057 percent
• You must participate in entrance and exit counseling and complete the necessary forms, including Master Promissory Note, before the loan will be disbursed.

• A low-interest loan from the Federal Government.
• Interest will accrue on this loan while you are in school. Interest is no longer capitalizing when students enter repayment for the first time.
• This is not a need-based program, but you cannot borrow more than the difference between the cost of attendance and all forms of financial aid, including any Federal Direct Loans.
• The Department of Education will run a credit check upon application submission.

Terms and Conditions

• Interest Rate is 9.083%.
• You will be responsible for all interest accrued on this loan from the date of disbursement.
• No payments are required while you're enrolled in school at least half-time, and for an additional six months after you graduate, leave school, or drop below half-time enrollment.
• A Federal loan origination fee of 4.228 percent.
• You must participate in entrance and exit counseling and complete the necessary forms, including Master Promissory Note, before the loan will be disbursed.

This loan program is available to students who have exceptional financial need. The school determines the amount awarded based on both financial need and availability of funds.

Eligibility Criteria

• You must demonstrate exceptional financial need.
• You must not be in default on any student loan.
• You must be a citizen or Eligible Non-Citizen of the U.S.
• You must be enrolled or accepted as a full-time student.
• Parent information must be provided.
• Available resources from student and parent are used to determine need.
• You must demonstrate satisfactory academic progress (SAP).

Terms and Conditions

• The interest rate is 5 percent.
• Entrance and exit counseling is required.
• This loan is interest free while you are enrolled in school and during the 12-month grace period during authorized deferment periods.

If you are awarded the Loan for Disadvantaged Students, your promissory note will be generated after you have accepted your financial aid award and returned the forms requested in your original financial aid package.

The Financial Aid Office administers these loans from a variety of institutional funds and other Yale-controlled funds such as specially endowed or named loan programs. The selection of one or more types is coordinated through the Financial Aid Office and depends on your financial need and other criteria (interest in a particular field, etc.). No separate application is required. If you are selected as a recipient of one of these loans, you will be notified on your award letter.

This is a need-based program and only available to those who qualify according to the CSS Profile. This is a Yale-administered loan and is authorized by the Director of Financial Aid. If you are awarded Yale Medical School Loans, your promissory note will be generated after you have accepted your financial aid award and you have returned all other forms in your original financial aid package. No loan will be credited to your account until the note is signed. All loans must be signed before the end of the school year.

Click here to view the Truth in Lending certification statement, application, and solicitation disclosures.

Terms and Conditions

• Interest Rate is 7.5%
• Loan is interest free while you are in school
• Grace period of 6 month
• Up to 2 years of deferments while in residency
• 10 years to repay the loan

Yale University has made the Yale Graduate & Professional International Loan available to students who are not US Citizens or Eligible Non-Citizens. The financial aid office administers this loan.

• Interest will accrue on this loan while you are in school. The interest will be capitalized when you are no longer a full-time student or you have graduated. The interest will capitalize after periods of forbearance and or deferments.
• This is a need-based program, and you cannot borrow more than the difference between the cost of attendance and all forms of financial aid, including any Scholarship from within or outside of Yale.

• Terms and Conditions

  • Interest rate is 7.75%
  • You will be responsible for all interest accrued on this loan from the date of disbursement. Your repayment will begin six months after graduation or withdrawal from school, at which time you must begin to repay the loan
  • A loan origination fee of 5 percent will be deducted from the amount requested.
  • You must complete entrance and exit counseling and complete the necessary forms, including promissory note, before the loan will be disbursed.

  If you are awarded a Yale Graduate & Professional International Loan, your promissory note will be generated after you have accepted your financial aid award and returned the forms requested in your original financial aid package.