Institutional Loans

Brown University offers various institutional loans to undergraduate and medical students.  The Financial Aid Office or Alpert Medical School Office of Financial Aid will determine eligibility for each of these programs.

Undergraduate students

The Brown University Loan is a need-based loan that is offered when students are ineligible for any federal loan programs.  The loan is awarded through the Office of Financial Aid.

Brown university loan
Loan Amounts:
Determined by the Office of Financial Aid
Interest Rate:

fixed interest rate is set annually

2015-2016 rate: 6.237%

Grace Period: 6 months

Medical students

Students may apply with the Alpert Medical School Office of Financial Aid to be considered for need-based university loans. These loans are subsidized during school, and for up to three years of a medical residency.

Ellwood Loans
Loan Amounts:

$3,000 Annual Limit

$12,000 Aggregate Limit

Interest Rate: Fixed rate of 7% for loans borrowed after June 30, 2011. Fixed rate of 9% for loans borrowed prior to June 30, 2011.
Grace Period: 6 months

Medical/Casperson/Kaplan Loans
Loan Amounts:
Determined by Financial Aid
Interest Rate: 7%
Grace Period: 6 months

Plitt/Anderson Loan
Loan Amounts:
Determined by Financial Aid
Interest Rate:  5%
Grace Period: 6 months

Loan Repayment

Learn more at Repay Your Loans.