Lender List: Residency and Relocation Loans
The Eastern Virginia Medical School
(EVMS) lender list below is intended as a resource only and it is
not a complete listing of student loan lenders. Students may select
any lender that offers student loans.
Lenders on the list have been selected
based on demonstrated performance in the following areas: good customer
service records, secure online technology, financially strong and
reputable company, transparent information regarding rates, service and
sale of loan policies, and EVMS student feedback. The lender list is
reviewed no less than annually by an EVMS Financial Aid Office
Committee.
EVMS believes that ethical and
transparent financial aid practices are essential to avoid compromising
the interest of student borrowers. As such, EVMS has adopted a
Financial Aid Code of Conduct.
Please visit the lender’s Web site or
contact the Office of Financial Aid at 757-446-5804 if you have
questions about the benefits.
Lender
Information |
Borrower
Benefits |
|
AAMC MEDLOANS,
Lender Code: 522583
www.aamc.org |
The ALP loan is a private,
credit-based loan designed to provide additional funding for
costs not covered by Federal Stafford Loans.
- No Origination Fee*
- Direct RepaySM Plan - Sign up for automatic
debit and receive a 0.25 percentage point interest rate
reduction.*
- MEDLOANS RewardsSM - Maintain a schedule of
on time monthly payments and receive a 0.50 percentage point
interest rate reduction.*
*Learn
how to earn these benefits |
 |
ACCESS Group
Lender Code: 808851
www.accessgroup.org |
- No fees!!
- A nine-month grace period when you get out of school.
- Instant credit decision and e-signature when you apply
for your loan online.
- No lifetime borrowing limit.
- High credit approval rate.
|
|
MEDPreferred
Lender code: 834058
www.medpreferred.com |
- Zero fees.
- 0.25% interest rate reduction for enrolling in automatic
payments.
- 0.50% interest rate reduction for borrowers who choose
to make interest payments while in school.
- Based on your credit history, the interest rate may be
as low as prime + 0%.
- 45-month grace period after graduation or nine months
after dropping to less than half-time enrollment.
- Loan Limits:
- Minimum loan limit: $500
- Annual loan limit: up to Cost of Attendance, minus
aid received
- Aggregate loan limit: up to $175,000 (including
Residency/Relocation Loan funds; does not include
federal loans)
|
|
Total Higher
Education - T.H.E.
Lender code: 876529
www.theloanprogram.org |
- 0% origination fee.
- 0% guarantee fee.
- During repayment, an immediate monthly credit currently
equal to 1.0% annual savings.
- 42 month grace period.
- Interest Rate – 3 month LIBOR plus 2.75%.
- Loan Limits:
- Annual – Cost of education minus other aid
- Total Educational Debt – $250,000 (includes
Residency & Relocation amount)
|
|
If you would prefer to use a different lender, please email the
Financial Aid Office.
*Additional qualification requirements apply for each benefit listed above. Visit each lender’s web site to learn how to earn their benefits.
Top |
