School of Dentistry

• Automatically offered with the completion of the FAFSA
• Maximum Loan amount $20,500 if you have not borrowed the aggregate maximum of $224,000
• Origination fee of 1.057% is charged by the government prior to disbursement
• Fixed interest rate of 5.28% (interest accrues at the time of disbursement)
• Repayment begins six months after graduation, termination of enrollment or once you become less than half-time
• Promissory note must be completed

• Cycle to apply opens yearly in June each academic year
• Maximum loan amount awarded is up to the cost of attendance minus any other aid (Must complete the FAFSA first before applying) 
• Origination fee of 4.228% is charged by the government prior to disbursement
• Fixed interest rate of 6.28% (interest accrues at the time of disbursement)
• Repayment begins immediately, with provisions for deferment while enrolled greater than half-time.

Graduate PLUS Loan Application

If you must borrow a student loan, students are strongly encouraged to first consider borrowing from the federal student loan programs by completing FAFSA. Federal student loans tend to have lower interest rates and better borrower benefits than what private student loan lenders can offer. Federal student loans also offer repayment plans that private loans tend not to offer, such as Income-Driven Repayment.

• VCU will not recommend nor endorse any private student loan lender to students. Students are encouraged to compare respective lender borrowing terms and conditions. VCU accepts all non-federal private student loan lenders who will offer you a loan. Most lenders will send the loan proceeds to VCU electronically to disburse to your account. 
• Credit checks are required for a private student loan, and also for their co-signer. These credit checks are known as "hard inquiries." A hard inquiry could lower your scores by a few points, or it may have a negligible effect on your credit scores. In most cases, a single hard inquiry is unlikely to play a huge role in whether you're approved for a loan.
• Not all private lenders offer loans for international/DACA/undocumented students. However, there are some lenders that do. Should you be concerned about this, you should check with your lender to see if they have an option that best meets the needs of you and your family. 

 More information on private loans can be viewed here.

• Need-based loan that is repaid 12 months after leaving school
• 0% interest while in school and 12 months after leaving school
• No loan origination fee
• Loan amounts vary by funding available, as well financial need
• Parental data is required regardless of age, dependency or marital status. If you do not complete parental data on the FAFSA, you may submit a signed copy of the parents income tax return with copies of the W2 statements.
• Complete Interest Form (this will populate when the program is open for application)
• Repayment begins 12 months after you graduate or cease to be enrolled full-time
• Interest will start accruing when repayment begins
• The loan will be repaid to VCU Treasury Services, which is serviced by Heartland ECSI   
• The loan can be consolidated with your Federal Student Loans