Through generous donations, Rush University is able to make available a variety of grants and scholarships to support your medical student educational journey.
Student loans must be repaid upon graduation, leaving school, or falling below half-time enrollment. These loans cannot be canceled, even if you do not like your university experience, do not obtain a job in your field of study, or are facing financial hardship. Student borrowers should maintain contact with their loan servicers to ensure they are aware of their repayment options, cost of their monthly payment plan, and other responsibilities associated with student loan borrowing. Rush University encourages wise, cautious borrowing that is based on a sound financial budget.
Medical students are eligible for the Federal Direct Unsubsidized Loan. This loan does accrue interest while you are enrolled. This loan has an annual maximum amount as well as an overall aggregate federally mandated limit that can be borrowed. The base amount each cohort year is $20,500 plus medical students are eligible for an additional $2,222 per each month of enrollment each cohort year. Please refer to the Cost of Attendance Sheets to ensure you know the # of months of additional unsubsidized that you may be eligible for each cohort year.
This loan has an interest rate is set by the federal government on an annual basis by July 1st of each year. In addition, there are origination fees that are also established by the federal government and those change on October 1st each year.
Additional information about the details of this loan can be found here.
Medical students are eligible for the Federal Graduate PLUS loan. This loan does accrue interest while you are enrolled. This loan does not have a federal maximum but is institutionally defined by your cost of attendance minus all other forms of aid. The cost of attendance is the financial aid cost for tuition, books/supplies, and an annual living expense allocation. This loan may vary on an annual basis depending on the cost of attendance for your cohort. For additional information about your cost of attendance for this year, please refer to the cost of attendance/budget worksheet section of this page.
Additional information about the details of this loan can be found here.
For more information about veterans educational benefits, please visit here.
Many private lenders offer credit-based student loans to cover educational expenses up to the cost of attendance. These loans are usually referred to as “private loans”. Terms of the loans will vary depending on but not limited to a variety of factors including individual credit history and income. Rush University does not maintain a preferred lender list and students are able to select their own lender of choice. Student are encouraged to review and compare private loan terms and conditions to find the best option for individual circumstances. The Office of Student Financial Aid will assist with certifying student enrollment each term once approved for the private loan.