Estimated Medical Loan
You will be awarded "Estimated Medical Loan" (Aid ID 9MED or 9MDU) if your financial need cannot be met with the Stafford loan or other sources of assistance.
Additional action needed:
If you need part or all of the "Estimated Medical Loan" funds to meet your expenses, you need to take additional action to secure these funds.
- Review your budget
First, carefully review your expenses for possible adjustments since these loans are more expensive than the Stafford loan. It's wise to borrow the minimum amount possible. - Choose a loan type and apply
The two common loan options for the "Estimated Medical Loan" are:
Students often choose to borrow a Grad PLUS due to lower fixed interest rates as well at the ability to consolidate Grad PLUS loans with Stafford Loans following graduation. You may choose Grad PLUS or any private educational loan, but compare the costs, terms, and benefits and make the choice that is best for your situation.
