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 20th Century Loan may be offered to students with high financial need determined by the Office of Financial Aid.  

Brown 20th Century loan
Loan Amounts:
Determined by the Office of Financial Aid
Interest Rate:

Fixed interest rate is set annually:

2016-2017 rate: 5.710%

2015-2016 rate: 6.237%

Grace Period: 6 months
Loan Repayment Term: 10 year repayment term

The Brown 20th Century Loan fund is available based on generous donations:
Alumni Loan Fund (est. 1900)
Charles W. Brooks
Mary D Chafee
George Champlin
Charles of the Ritz
Class of 1928
Class of 1982
Arthur Francis Ballou
Alexander Graham
S. Jansen Hunt
Inland Steel-Ryerson Foundation
James Stanton Kenyon
Sylvia Magaziner
Morris Morgenstern
Pembroke Dean's Fund (est 1930)
Plantations Fund
Rand Aid
Alfred and Ernest Reiss
Judah C. Semenoff
Teavy and Holly Udis
Pembroke College (est 1958) 

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.