Health Professions Student Loan (HPSL): Subsidized, right?

[KaBlamO]

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the description is kinda of vague so i was wondering if you guys can tell me. it says "Repayment of interest and principal begins 12 months after a student ceases to be enrolled full time." so is the intrest accrued over the schooling period or after i'm done with school? tia

EDIT: i think i have found it on the web... "A Health Professions Loan is a special type of subsidized federal loan that is available to students in health professions." so i guess it's subsidized unless someone can say otherwise.

 

[idoc2006]

The hpsl is a subsidized loan with a 1 year grace period after graduation. I believe it has a fixed interest rate of 5%.

 

[cpw]

1 year ?? I thought it was only a 6 month grace period (that's what I've always been told)

 

[idoc2006]

I pulled this off a website. http://www.olemiss.edu/depts/bursar/hpsl.htm

All the websites containing info on hpsl were similar.

How do you repay a Health Profession Student Loan?
Health Profession Student Loans have a 5 % interest rate. Repayment can be made for a period of up to ten years with a minimum monthly payment of $15.00. The loans have an initial grace period of twelve months after a student's enrollment drops below full-time.

 

[KaBlamO]

thanks for the replies. i have all the info needed. mods can close this thread. thanks.

 

[rpames]

If you choose to purse a residency you do not have to pay at that time either. You may be classified as something else, but it is as if you were still a full time student.