For information about processing loans please visit the University loan office website.
Financial Aid
Medical School Loans
Ellwood Loans
Lender: Brown University
Based on Need: Yes, based upon parental and student/spouse resources
Annual Borrowing Limit: $3,000
Aggregate Borrowing Limit: $12,000
Loan Fees: None
Interest Rate: Beginning in 2022-2023, the fixed interest rate is 5%. Prior years: 7%
Interest Subsidized In School: Yes
Interest Subsidized During Grace: Yes
Interest Subsidized During Deferment: Yes
Deferment Options: up to 3 years of a Medical residency
Grace Period: 6 months
Repayment Requirements: Min $25/month, max. 10 yrs to repay
Prepayment Penalties: None
Loans for Disadvantaged Students (LDS)
Lender: Brown University
Based on Need: Yes, based upon parental and student/spouse resources
Annual Borrowing Limit: Determined by Office of Financial Aid
Aggregate Borrowing Limit: Determined by Office of Financial Aid
Loan Fees: None
Interest Rate: 5%
Interest Subsidized In School: Yes
Interest Subsidized During Grace: Yes
Interest Subsidized During Deferment: Yes
Deferment Options: up to 3 years of a Medical residency
Grace Period: 12 months
Repayment Requirements: Min $50/month, max. 10 yrs to repay
Prepayment Penalties: None
Medical/Casperson/Kaplan Loans
Lender: Brown University
Based on Need: Yes, based upon parental and student/spouse resources
Annual Borrowing Limit: Determined by Office of Financial Aid
Aggregate Borrowing Limit: Determined by Office of Financial Aid
Loan Fees: None
Interest Rate: Beginning in 2022-2023, the fixed interest rate is 5%. Prior years: 7%
Interest Subsidized In School: Yes
Interest Subsidized During Grace: Yes
Interest Subsidized During Deferment: Yes
Deferment Options: up to 3 years of a Medical residency
Grace Period: 6 months
Repayment Requirements: Min $25/month, max. 10 yrs to repay. Late fee: 10% of monthly payment
Prepayment Penalties: None
Plitt/Anderson Loan
Lender: Brown University
Based on Need: Yes, based upon parental and student/spouse resources
Annual Borrowing Limit: Determined by Office of Financial Aid
Aggregate Borrowing Limit: Determined by Office of Financial Aid
Loan Fees: None
Interest Rate: 5%
Interest Subsidized In School: Yes
Interest Subsidized During Grace: Yes
Interest Subsidized During Deferment: Yes
Deferment Options: up to 3 years of a Medical residency
Grace Period: 6 months
Repayment Requirements: Min $50/month, max. 10 yrs to repay
Prepayment Penalties: None