| Features of Student Loans for Health Professional | | | | amount on their loan repayment but are required to |
| - Both Federal and Private student loans are available | | | | specify that the extra amount is towards principal, |
| to students taking up studies in medicine. | | | | which eventually results in reduced interest amounts |
| - Consolidation facilities are offered to students who | | | | - It is important to consolidate medical school loans |
| avail medical school loans | | | | during the grace period, this provides lowest interest |
| - Such consolidation loans are provided both for | | | | rates. |
| private and federal loans availed. | | | | - The repayment plan is related to the income |
| - Medical School Consolidation loans are offered during | | | | earned, whereby the repayment amount increases as |
| the grace period of the loan repayment. | | | | your income does. |
| - It is important to note that loans should not be | | | | - Federal and Private loans cannot be consolidated |
| defaulted if you opt to consolidate them. | | | | together due to the varying terms of loan and better |
| - Credit checks are not required for medical school | | | | benefits offered by federal loans |
| loans | | | | Companies offering Best Deals for Student Loans |
| - No prepayment penalties levied fro early closure | | | | Health Professionals |
| - Flexible repayment schedules are offered to health | | | | - Medical School Loans: There are both federal and |
| professionals | | | | private medical school loans offered to students. |
| Modus Operandi of a Student Loan for Health | | | | Minimum interest rates and flexible repayment terms. |
| Professional | | | | No credit check for federal loans |
| - These loans are offered like any other student loan | | | | - Medical Student Aid: Offers Medical School loan at |
| programs. | | | | lower interest rates, no prepayment penalty and |
| - Health professionals are offered flexible repayment | | | | flexible repayment terms |
| terms | | | | - Gradloans.com: An online lender with fast processing |
| - They can also pay more than the designated | | | | and low interest rates. |