However, the option exists to have the interest deferred during the in-school period. This interest is capitalized once, at program completion. Please see above. The following is a brief description of the programs the School of Medicine recommends most frequently. Interest is capitalized once at beginning of repayment.
Interest is capitalized only once, at the beginning of the repayment.
20 year repayment term begins after residency with interest only payments due for first three years. The annual maximum loan limit is the cost of education minus other aid. Interest is capitalized at the beginning of the repayment period. There are interest fee reductions and guarantee fee credits for borrowers who have their payments directly deducted from their savings or checking accounts and who make 24 consecutive payments on time. There are further reductions for borrowers who make 48 consecutive on time payments.