GradLoans.com Dental School Loan
What is the eligibility criteria for GradLoans.com Dental School Loan?
Students when make their mind that they will go to the Dental schools and be the professional dentist then they start to study specially those things that will help them in future while they actually start the dental studies. They also start to collect all the resources that will be required to do their studies without any problem. The most required thing in all those is finance. For this they can choose the federal and private graduate student loans for dental school.
Students first go for the federal loans since they are easily available and using this you can start your studies easily. But as time elapses and you require more money to complete the Dental course. Now you need to take the help of Private student loans. The private student loans that are made for dental students are named as Dental School Loan.
Dental School Loan provides finance up to the total cost of your graduation minus the previously taken Aid through other loans. It is like a bridge that takes dental school students towards complete the dental education. The benefits of Dental School Loan are:
- Defer payments when in school and 6 month grace period after graduation
- 0.25% low interest rate if repayment is done using the automatic deduction from your personal bank account
- Total cost of attendance minus other aid can be taken after school certification
There are very simple Dental School Loan Qualifications:
- U.S. Citizenship or Permanent Resident in U.S.
- Enrolled in at least half time in a 4-5 years degree program
- Age must be 18 years or more. In Alabama and Nebraska (19 years old), and Mississippi and Puerto Rico (21 years old)
It is a non-cosigner loan program but if you have a cosigner then your chances of loan approval will be about 100%. Both you and your cosigner’s credit history should be good enough to pass out the credit checks.
The Dental School Loan provides $70,000 annually and $130,000 Cumulative for education. The interest rates vary from LIBOR+4.95% to LIBOR+7.75%. The rates differ according to the mode of repayment and generally go higher after completing the school. The basic fee for this loan program is 0 to 8%, depends on you and your cosigner credentials. You get 20 years for the repayment of the Dental School Loan but in order to save your money you need to try repaying the loans as soon as possible. GradLoans.com Dental School Loan is providing this help to all the U.S Dental students so don’t miss your chance.