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Direct Unsubsidized Loan. A government guaranteed loan program is the most widely used financial aid resource for medical students. Students must complete the FAFSA each year of medical school for eligibility determination.

Students who borrowed the full amount of their subsidized and/or unsubsidized loans in the 2023–2024 year may consider borrowing from a private lender. The loan term dates for a summer private loan are May–August 2024. Students should know, approval is based on credit worthiness.

There are emergency loans available for students who are experiencing temporary financial difficulties. Students may borrow up to $1,000 in an interest free loan. The student must demonstrate that they are able to re-pay the loan within eight weeks and a charge will be added to the student’s tuition account in the amount of the loan.

Managing Your Aid. Loan Repayment. Exit Counseling. Students who graduate, drop below half-time enrollment or who stop attending college will initiate repayment on any loans they may have borrowed. Students who borrowed federal loans are required to complete an exit counseling.

A loan is money you can borrow but must repay with interest. Borrowing can be costly so we recommend you consider borrowing only if you have exhausted all other options, and to only borrow what you need.

Applying for financial aid to help you with your account balance, or with education and living expenses while in school, involves knowing what your options are and being informed on the types of aid available. Various types of financial aid have regulations that you must follow to maintain eligibility.

To be eligible for federal student loans (Direct Unsubsidized and/or Graduate PLUS) and consideration for any need-based financial aid (scholarships and loans), students must do the following: File the FAFSA (Free Application for Federal Student Aid) at www.fafsa.gov, using Temple University’s federal school code (003371). A FSA ID is required.

Information about education loans available to students at Temple University, including loan types, conditions, eligibility requirements and repayment terms.

If you need a private loan, take the time to compare interest rates, fees, repayment options and borrower benefits.

If you apply for financial aid by filing the FAFSA, you may be offered loans as part of your financial aid award offer. A loan is money you borrow and must pay back with interest. Some loans are need-based; others are available to any enrolled student. Borrowing can be costly.