AMS Loans

Ellwood Loans

Lender: 
Brown University
Based on Need: 
Yes, based upon parental and student/spouse resources
Annual Borrowing Limit: 
$3,000
Aggregate borrowing limit: 
$12,000
Loan Fees: 
None
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.
Interest Subsidized In School: 
Yes
Interest Subsidized During Grace: 
Yes
Interest Subsidized During Deferment: 
Yes
Deferment Options: 
Three year residency deferment if borrowed after June 30, 2011. One-year residency if borrowed prior to June 30, 2011.
Grace Period: 
6 months
Repayment Requirements: 
Min $25/month, max. 10 yrs to repay
Prepayment Penalties: 
None

Medical/Casperson/Kaplan Loans

Lender: 
Brown University
Based on Need: 
Yes, based upon parental and student/spouse resources
Annual Borrowing Limit: 
Determined by Office of Financial Aid
Aggregate borrowing limit: 
Determined by Office of Financial Aid
Loan Fees: 
None
Interest Rate: 
7%
Interest Subsidized In School: 
Yes
Interest Subsidized During Grace: 
Yes
Interest Subsidized During Deferment: 
Yes
Deferment Options: 
3 year residency deferment
Grace Period: 
6 months
Repayment Requirements: 
Min $25/month, max. 10 yrs to repay. Late fee: 10% of monthly payment
Prepayment Penalties: 
None

Plitt/Anderson Loan

Lender: 
Brown University
Based on Need: 
Yes, based upon parental and student/spouse resources
Annual Borrowing Limit: 
Determined by Office of Financial Aid
Aggregate borrowing limit: 
Determined by Office of Financial Aid
Loan Fees: 
None
Interest Rate: 
5%
Interest Subsidized In School: 
Yes
Interest Subsidized During Grace: 
Yes
Interest Subsidized During Deferment: 
Yes
Deferment Options: 
3 year residency deferment
Grace Period: 
6 months
Repayment Requirements: 
Min $50/month, max. 10 yrs to repay
Prepayment Penalties: 
None