Congratulations on your wonderful achievement. The office of student finance is committed to supporting you with current and relevant information regarding your loans. We have calculators, repayment charts and strategies that will help you make informed decisions regarding repaying your loans.
Direct Loan Consolidation
Income Based Repayment Information
NSLDS for Students
Direct Loan Servicing Center (loan information and borrower services)
AAMC Information Sheets
Income Based Repayment+Public Service Loan Forgiveness
Loan Repayment Options
National Health Service Corps
Public Service Loan Forgiveness
Income Based Repayment
Einstein and Homan Loan repayment information
For those students who showed need, Einstein made available to them an annual loan of $7,000. It was interest free during medical school. No payments are due until 4 years after graduation. Interest will accrue at a rate of 7.0% per annum during this period. During the next three years (years 5, 6 and 7 since graduation), however, the loan must be repaid, with interest, according to the following schedule:
- Year 5 (Since Graduation): 25%
- Year 6 (Since Graduation): 25%
- Year 7 (Since Graduation): 50%
For those students who showed exceptional need, Einstein made available to them a Homan Loan. The Homan Loan is interest free and payment free during medical school, and for three years after graduation. Starting with the fourth year post-graduation, repayment begins, on a quarterly basis with 4% interest accruing. This loan is payable over 10 years.
If you are experiencing financial difficulties which prevent you from making timely payments on your student loan, you may be eligible for a forbearance arrangement. Forebearance is provided as an alternative to regular monthly payments for borrowers and is available for a twelve-(12) month period. please review, complete and submit this form if you wish to apply.
Podcasts (made available by AAMC)
"How to Qualify for Public Service Loan Forgiveness” – Hear about the key points that differentiate the programs.
"Should a Medical Resident Consolidate?" – Learn how to get through residency without making student loan payments, or view the fact sheet with identical information.
"Tax Benefits for Medical Students and Residents"