Loans for Dental School

[drmogali]

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?


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[ncide]

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]

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]

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]

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.