You are in Control of Your Repayment
Options
Medical School Loans has three flexible repayment options
that allow you to choose between standard principal and
interest payments, or graduated interest-only payments. Our
graduated repayment options help you to keep your payments as
low as possible for the longest amount of time. By choosing
one of our graduated interest payments and extending your
payment term, you could reduce your monthly student loan
payments by almost half! You have the choice to change
repayment options at any time, so you may choose to start
with a graduated repayment plan, and then change to the equal
repayment plan at a later date or visa versa.
Your Payment Options include:
* Equal Payments
This is the standard option in which both the interest and
principal will be paid equally over the life of the loan. Your
monthly payment amounts will not change over the life of the
loan.
* Select 2/Graduated Payments
With this option, you will be allowed to make interest-only
payments for the first two years of repayment. After two years,
the payments will increase to include equal installments of both
the interest and principal for the remaining term of the
loan.
* Select 5/Graduated Payments
This option allows you to make interest-only payments for the
first five years of repayment. During the third through fifth
years of the loan, the payments will increase to include only a
portion of the principal with the interest. Upon the sixth year,
your payments will once again increase to include both the
principal and interest equally throughout the remainder of the
loan.
Again, there are no penalties for early repayment and any amounts
that are paid in addition to the minimum monthly payments will
automatically be applied to the principal balance of the loan.
Also, all repayment options offer a 30-year maximum repayment
term.
Start Saving Now.
It does not take an M.D. to realize the many benefits to choosing
to Medical School Loans for all of your consolidation needs. We
look forward to helping you save precious time and money by
consolidating with us. Our educated agents are ready to help you
start your private medical student loan consolidation
application, so call (800) 680-7197
today! By: Medical School
Loans
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Medical Student Loan Consolidation
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