IDEAL Medical Program

Maximum loan amount:
Cost of education minus financial aid

Minimum loan amount:
$1000

Aggregate IDEAL Program:
$120,000

Interest rate:
90-day LIBOR + 3.00%

Note: To verify index information used in our interest rate calculation, go to: www.publicdebt.treas.gov

Insurance fee:
3.5% with both borrower and cosigner required to be creditworthy.
5% with no cosigner.

Repayment fee:
3% of loan balance which will be added to the outstanding balance of the loan. Interest will be capitalized at the time of repayment and annually thereafter.

Repayment of your IDEAL Program loan begins the earlier of:

• 6 months after separating from the school, without graduating;
• 6 months after completion of a residency program; or
• 54 months after the graduation date from the medical school

Deferment:
Medical students can receive a four-year residency deferment and may request a forbearance for any remaining residency period.

You may apply for a loan by filling out an online application
or download an application form, fill it out, and mail it to IDAPP.