EVMS Institutional Loans
Because of the generosity of the community and alumni, students may receive one of the EVMS institutional loan funds. Awarded based on need and availability of funds, these loans are subsidized. Subsidized means that interest is waived during periods of enrollment, grace or deferment.
- Interest rate 5%
- 12-month grace period between enrollment and repayment
- Ten year standard repayment
- No origination/default fee
UAS (University Accounting Services) acts as originator and servicer for these loans as third party servicer for Eastern Virginia Medical School. Students will be required to complete online entrance counseling and promissory note, as well as review required disclosures.