EDGEucational Loan Program—Health Care
Professionals
Funding your
education: We have the cure.
The need for quality health care is exploding, so your
career opportunities couldn't be better. We can't help with all-night
study sessions, labs, residencies or finals, but we can help you
with the financial aide of this challenge.
If you have the drive to succeed, we have the money
to get you there. EDGEucational Loans offer a great deal.
Competitive pricing:
- Competitive, variable interest rates
- Competitive origination fees based on your creditworthiness and
whether there is a credit-worthy co-borrower
- Credit-ready option is available for borrowers that qualify on
their own signature
Generous loan limits:
- $1,000 minimum
- Credit-worthy borrowers may borrow up to $45,000
- Credit-ready borrowers may borrow up to $25,000
- Aggregrate loan limits apply for credit-ready borrowers, depending
on area of study
Eligibility:
- You or your co-borrower must be a U.S. citizen or permanent
resident in the U.S. for the previous two years
- Any student enrolled less than half-time at an approved school
- Students or co-borrower's (if applicable) must meet credit worthiness
guidelines
It's easy to apply right now—Here's how:
- Apply toll free at 1-866-213-3154
- Press 2 for customer service
- Then press 2 to apply by phone
- Click here to apply on line
Flexible repayment is available, including deferment
Repayment:
- Repayment of principal and interest depends on graduation date,
or if student ceases to be enrolled at least half-time
- Interest capitalized once at repayment
- Low monthly payment
Deferment:
- 270 days after the student graduates or ceases to be enrolled
at least half-time, but no more than 6 3/4 years
- Additional deferment periods available for medical residency
or internships subject to a maximum deferment period of 10 3/4
years
Product Advantages:
- For accelerated programs - HPL offers seamless borrowing for
students enrolled in accelerated graduate degree programs. Students
enrolled in a TERI approved Pharm D., Masters of Physicians Assistant
and Masters of Physical Therapy program can borrow on a credit-ready
basis throughout their education
- Deferment - Medical school students may request an additional
deferment after graduation for up to four years while completing
an internship or residency. Full principal and interest payments
will begin six months after completion of the deferment period.
Interest will be capitalized at repayment
- The residency/relocation portion is basically a $12,500 loan
for that specific move. We would need a letter from the residency
director with the student's information on hospital letterhead
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