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Students: OPUS Graduate Loan Programs

Medfunds Medical Stafford Loan

ZERO-FEE STAFFORD LOANS FOR ALL GRADUATE LEVEL MEDFUNDS BORROWERS!

Same Stafford – More Money
The Medfunds Medical Stafford Loan Program is just like every other Stafford Loan. With one big exception: Medfunds provides students with more of the money they borrow.

Medfunds by OPUS Financial provides all graduate level students with a ZERO origination fee loan. Furthermore most guarantors waive the 1% guarantee fee resulting in a ZERO fee Stafford Loan! That's $1540/year more money in your account to be used as you wish.

We don’t stop there! In addition we will lower the principal amount borrowed by 3.3% for paying the first 33 monthly payments on time.

Hey, It’s Easy! When your school’s Financial Aid Officer tells you how much you can borrow, just tell them that you want the Medfunds Medical Stafford Loan Program and give them our lender code (834040). They’ll take care of the rest.

Graduate Stafford Loan
Lender Code: 834040

Origination Fee

0%

Guarantee Fee*

0%

Interest Rate
School, Grace, Deferment

4.70%
(91 Day T-Bill + 1.7%)

Interest Rate
Repayment

5.30%
(91 Day T-Bill + 2.3%)

Interest Rate Capped at 8.25%

Annual Loan Limit

Subsidized: $8,500
**Unsubsidized: $10,000

Aggregate Loan Limit

$138,500

Grace Period

6 months

Capitalization

Once at Repayment

Repayment Incentive

3.3% Principal Reduction after 33 on-time payments

Originator/Servicer

Sallie Mae
PO Box 59012
Panama City, FL 32412-9012
Customer Service: (888)272-5543

*Waived by most guarantors

**Additional Unsub available; see your financial aid officer

Alternative Loan

The Medfunds Alternative Loan is the smart way to borrow alternative funds. We offer terms that are competitive with all other alternative loans available.

Eligibility

  • Must be enrolled at least half-time at an accredited school
  • Must be a US citizen, national or eligible non-citizen
  • Effective 07/01/2005

    Origination Fee

    0%

    Guarantee Fee

    0%

    In-School Interest Rate

    LIBOR + 2.90%

    Repayment Interest Rate
    (varies with repayment term)

    10 year: LIBOR + 3.00%
    15 year: LIBOR + 3.25%
    25 year: LIBOR + 3.75%

    Supplemental Fees

    ZERO

    Annual Limits

    cost less aid received

    Aggregate Limits

    NONE

    Capitalization

    once at repayment

    Residency Deferment info

    Deferable through the length of the residency

    Grace Period

    9 months

    ** Download Application and Promisory Note

    Residency Relocation Loan

    The Medfunds Residency Relocation Loan lends up to $15,000 for students to cover the expenses of interviewing and relocating for internships, as well as covering the costs of Board exams.

    Students may apply during their final year in school or up to 1 year after graduation.

    Eligibility

  • All students must be required to complete a residency program as a normal part of their professional specialty.
  • Must be a US citizen, national or eligible non-citizen
  • Effective 05/01/2004

    Origination Fee

    0%

    Guarantee Fee

    0%

    In-School Interest Rate

    LIBOR + 2.90%

    Repayment Interest Rate
    (varies with repayment term)

    10 year: LIBOR + 3.00%
    15 year: LIBOR + 3.25%
    25 year: LIBOR + 3.75%

    Supplemental Fees

    ZERO

    Annual Limits

    $15,000

    Aggregate Limits

    none

    Capitalization

    once at repayment

    Residency Deferment

    Nine months after graduation if student ceases to be enrolled half-time, or if participating in a residency program, then the Interim Period will continue until the end of the program. To be eligible for use of the Interim Period, a "Residency Status" form must be completed.

    Grace Period

    9 months

    ** Download Application and Promissory Note

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