Quantcast

Loans for Dental School

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

drmogali

New Member
Joined
May 16, 2017
Messages
9
Reaction score
0

Members don't see this ad.
Hey guys, I needed to know about the loans for dental school. Does it start after you graduate and start work or does interest start adding from the time you take the loan?


Sent from my iPhone using SDN mobile
 

ncide

Full Member
5+ Year Member
Joined
Mar 2, 2015
Messages
1,363
Reaction score
1,470
Depends. Most loans have interest accruing the moment you take them out. The exception are for HPSL and LDS loans that schools have a limited number to give. HPSL loans are capped at 40,000 per year and the interest is paid for by the government until 6 months after graduation.
 

Faux

Full Member
7+ Year Member
Joined
Jan 26, 2013
Messages
1,992
Reaction score
1,558
Depends. Most loans have interest accruing the moment you take them out. The exception are for HPSL and LDS loans that schools have a limited number to give. HPSL loans are capped at 40,000 per year and the interest is paid for by the government until 6 months after graduation.

Cap is 40k? I was under the impression it was much lower than that. Or does it change depending on a school's expenses? I'm a 3rd year and received 9-12k per year.
 

ncide

Full Member
5+ Year Member
Joined
Mar 2, 2015
Messages
1,363
Reaction score
1,470
Cap is 40k? I was under the impression it was much lower than that. Or does it change depending on a school's expenses? I'm a 3rd year and received 9-12k per year.

Cap is 40k a year. I've been getting it every year. Interest actually begins 12 months after graduation, and is also capped at 5%, much lower than the rest of the loans being offered.
 

Faux

Full Member
7+ Year Member
Joined
Jan 26, 2013
Messages
1,992
Reaction score
1,558
Cap is 40k a year. I've been getting it every year. Interest actually begins 12 months after graduation, and is also capped at 5%, much lower than the rest of the loans being offered.

You get the full 40k per year? Wonder why I get so much lower. Even my mom lost her job the following year lol. Oh well.
 
Top