Loan Information

• 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
• MD students may borrow up to $50,000 per academic year
  • Legacy borrowers (those who first borrowed federal Direct loans before July 1, 2026) may borrow up to $47,167 per year; yearly limit depends on your year in the program.
• PA students may borrow up to $20,500 per academic year.
• As of July 1, 2026, the aggregate Federal Direct Loan borrowing limit is $100,000 for PA and $200,000 for MDs.
  • Legacy borrowers (those who first borrowed federal Direct loans before July 1, 2026) are subject to the following aggregate borrowing limits, including the remaining balance of any Federal Stafford or Direct Loan borrowed at the graduate and/or undergraduate level.:
    • MD: $224,000
    • PA: $138,500

Terms and Conditions

• Interest Rate is 7.94% between July 1, 2025-June 30, 2026.
• 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.
• There is no penalty for early repayment.
• A Federal loan origination fee of 1.057 percent is withheld from each disbursement.
• You must participate in entrance counseling and complete the necessary forms, including Master Promissory Note, before the loan will be disbursed.

• 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 other Federal Direct Loans.
• The Department of Education will run a credit check upon application submission.

Terms and Conditions

• Interest Rate is 8.94% between July 1, 2025-June 30, 2026.
• 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.
• There is no penalty for early repayment.
• A Federal loan origination fee of 4.228 percent is withheld from each disbursement.
• You must participate in entrance counseling and complete the necessary forms, including the Master Promissory Note, before the loan will be disbursed.

This is a need-based program and only available to those who qualify according to the CSS Profile. This is a Yale-administered loan. If you are offered the Alumni loan, your promissory note will be generated after you have accepted your financial aid offer 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 enrolled at least half-time, during 6 month grace period and up to first 2 years of residency (must apply for residency deferment)
• 10-year repayment period

Yale University previously 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.