- As a medical student i know med school is not easy both according to academics and also financially
- Loans are a necessity for most of the medical students.
- They may help students to pay for medical school and also help in covering the living expenses today i am going to tell you about how to get a loan with less interest rates as possible and also with fixed rates and flexible repayment options
Best options available
Federal direct unsubsidised loan
Main reason to select this option is its an unsubsidised you didn’t need an co-signer and it isn’t an credit based any eligibile graduate can apply for it
Loan terms: 10 to 25 years
Eligibility: Must be enrolled at least half-time in a school that participates in the federal direct loan program
Loan amount: $20,500 per year and $73,000 in aggregate, including loans used for undergraduate study
Discover
This offers an separate features for medical students
No late fees and a “Good Grades” reward of 1% of the disbursed loan balance if you can show you received a 3.0 GPA for the term covered by the loan. The loan also comes with a nine-month grace period.
Loan term: 20 years
Eligibility : Students must attend school at least half-time. International students can apply with a U.S. citizen co-signer.
Loan amounts: $1,000 up to total cost of attendance; aggregate loan limits apply, but it doesn’t specify how much
Mpower financing
This offers an Fixed-interest rates with flexible loan amounts that can cover tuition, school supplies, and living expenses for future semesters or past due balances.
Supports all majors and degrees. No requirement for a cosigner, collateral, or credit history
Repay your loan online in any currency or location around the world, plus no prepayment penalties if you want to pay your loan off early.
Enjoy interest-only payments while in school and during the 6-month post-graduation grace period.
Loan terms : Interest-only payments in school and for 6 months after graduation 10-year repayment of interest & principal starting 6 months after graduation
Eligibility: An undergraduate or graduate student within 2 years of graduating or about to begin a 1- or 2-year program.
Admitted to or attending one of their 350 approved schools in the U.S. or Canada
You’re eligible for our limited-time interest rate promotion if you are an international graduate or undergraduate student, and need funds for a future semester.
Loan amount’s : $2,001 to $100,000 USD total
also you can check mpower financing reddit page for more