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School of Medicine
Financial Aid Options for Students in Dual Degree Programs
MD/MPH, MD/MSc, MD/MBA
US Citizens and Permanent Residents in the School of Medicine who enroll in Dual Degree programs are eligible to borrow up to their total cost of attendance in private education loans for the MPH, MSc, or MBA portion of their programs. Although students are eligible to borrow Federal Direct student loans for the MD program, private loans are the only option for any Graduate Studies coursework taken.
Private Education Loans are credit based, and interest rates vary (currently 4.50%-10.11%, depending upon specific lender criteria, credit worthiness, and whether or not the borrower chooses a fixed or variable interest rate). A cosigner may be required to secure a private education loan.
You are eligible to borrow a private education loan through Sallie Mae. At this time, this is the only private loan option available to you. You should apply online and make sure to complete and submit the Self-Certification form, as well as all required disclosure forms to the lender in a timely manner, in order to be approved for school certification.
Please make sure that once you have applied for your private loan you notify your Financial Aid Counselor in order to expedite school certification.
To apply for a Sallie Mae Student loan for the Graduate portion of your degree, the following steps must be completed:
1. School: St. George's University, School of Medicine, 02233300
2. Degree/Certificate of Study: Doctor of Medicine
3. Major/Specialty: Medical
4. Enrollment Status: Full time
5. Grade level: First Year Masters/Doctorate
6. Academic Period of Loan: Provide Your Own - (August 2019 - May 2020) or (January 2020 - May 2020)
7. Anticipated graduation/completion: June 2022
Sallie Mae has various repayment options that you can choose from:
1. Deferred Repayment Option: no payment is required while in school and during grace period
2. Fixed Repayment Option: Pay $25 per month, while in school and during grace period
3. Interest Repayment Option: Full interest payment while in school and during grace period
** There are no prepayment penalties under any of these repayment plans, and making payments on your loan whenever possible is encouraged to minimize total overall debt.
Please make sure that all contact information included on your application for both yourself and your cosigner (if applicable) are completely accurate. Sallie Mae may try to contact you if they have any inquiries or are unsure about something on your or your cosigner's credit report that could improve the possibility of a loan approval. If Sallie Mae is unable to contact you in order to verify information, and cannot reach you after two attempts, your loan application will automatically be denied.
St. George's University is committed to ensuring that all students are aware of all of their financial aid options and we have designated a counselor to work directly with you to address your questions and needs. Please contact your Financial Aid Counselor with any questions or concerns or for additional information regarding the financial aid process and costs.
Tips and Tools for Private Loans:
Deferring Prior Educational Loans
For more information on deferring your prior educational loans, please visit our Loan Deferments section.