MPH Pathway to MD Program

Financial Aid Options for US Students in the MPH Pathway to MD Program

 

US Citizens and Permanent Residents enrolled in the Pathway to MD program are eligible to apply for private education loans up to their total estimated cost of attendance if needed.

Once a student matriculates into the MD program, you will be eligible to apply for US Federal Direct Education Loans for the MD program. Please be advised that the remainder of your MPH courses must still be funded through private education loans, even after acceptance into the MD program.

The budget below represents the Cost of Attendance for the MPH Standalone program. Due to the potential difficulty of obtaining a private loan, we advise you to apply for all MPH terms in the loan period in order to have appropriate funding in the event that your promotion to MD is withheld. 

  • For students who begin the program in August - once we are notified that you have matriculated to the MD program for January 2020, you will be contacted regarding a revision to your financial aid.  At that time, your private loan for the January MPH term will be cancelled and you will be given instructions on applying for federal loans for January 2020.          

At this time, Sallie Mae is the only lender available for students in this program. 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.

Please make sure that once you have applied for your private loan you notify your Financial Aid Counselor in order to expedite school certification.

If you are not borrowing the maximum amount, please notify your Financial Aid Counselor of the amount you would like disbursed for each term within the budget below, or your loan disbursements will be split equally per term. Please be advised that these are private loans and interest rates as well as overall approval will be based on your credit. 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.

Financial aid applicants who have any doubt about their credit rating should request a copy of their credit report and reconcile any problems prior to matriculation. If a student cannot obtain a loan because of a negative credit rating, school funds cannot be awarded to replace the loan.

Partial tuition scholarships may also be available. A scholarship application must be completed in order to determine eligibility.

Link to SGU Scholarship application

To apply for a Sallie Mae Health Professions Graduate Loan, the following steps must be completed:

  • Visit Sallie Mae and choose "Health Professions Graduate Loan" from the options provided
  • Choose "Apply for this Loan" to begin your loan application
  • Complete the "Basic Information" section and choose your school
    • St. George's University, School of Medicine will be listed under the "Outside the US" option
  • Complete the "School Information" as follows:
    • School: St. George's University, School of Medicine, 02233300
    • Degree/Certificate of Study: Masters
    • Major: Public Health
    • Enrollment Status: Full time
    • Grade level: First Year Masters/Doctorate
    • Academic Period of Loan: Provide Your Own
      • August term start : August 2019 - July 2020
  • Anticipated graduation/completion
    • August term start : July 2020
  • Complete the "Loan Amount" section using the information from your estimated cost of attendance
    • This loan will apply to your cost of attendance for the current aid year only
    • Any courses taken in subsequent aid years will require new loan applications and will be subject to lender approval at that time
  • Follow the instructions to complete the rest of your application and submit

Sallie Mae has various repayment options to choose from:

  • Interest Repayment Option: Full interest payment while in school and during grace period
  • Fixed Repayment Option:Student's pay $25 per month, while in school and during grace period
  • Deferred Repayment Option: no payment is required while in school or 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.

August 2019 Term Enrollment*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*May 2020 term tuition and room rates based upon estimated 4% increase.  All rates are subject to change.

Health insurance policy and air evacuation based upon 2019-20 annual rates. 

All rates are subject to change.

Tips and Tools for Private Loans:

  • Request your credit report: resolve any discrepancies prior to applying for your private student loan. (www.annualcreditreport.com)
  • Private loans carry a variable interest rate and are credit based.
  • Apply for your private student loan within the 180 day window of disbursement, as your credit is valid for 180 days.
  • The amount you apply for will be the amount that is certified up to the cost of attendance.
  • If you apply for less than the cost of attendance, your disbursements will be split equally per term, unless otherwise requested.
  • If your loan application is denied, please submit endorser (cosigner) information as soon as possible. The lender can take 7 to 10 business days to verify credit information of your cosigner.
  • The lender requires your signature on a final disclosure in order to assign disbursement dates. You must sign this disclosure form within 60 days of the loan approval.

From the time you sign the final disclosure, the lender waits approximately 8 business days (waiting period) for your right to cancel and then will disburse the loan directly to the University, on the scheduled disbursement date.

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.    

 

Deferring Prior Educational Loans

You are eligible for deferment of loans that you borrowed at institutions you attended prior to your matriculation at St. George's University School of Medicine. You should access the web site of the servicer of the loan(s) you wish to defer, and download an In-School Deferment Form. Completed deferment forms should be sent to the Registrar's office at regmail@sgu.edu.

additional  information regarding student loan deferment, please visit our Deferments section.

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.

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