Loan Management

The University of Washington School of Medicine Financial Aid office provides this Debt Management information to potential applicants, current medical students, and medical student graduates. These resources will assist in making knowledgeable decisions about managing various kinds of debt, including school loans and credit cards. This information also covers important links to loan management and repayment

AAMC FIRST – Financial Information Resources, Services, Tools

FIRST offers a full range of Financial Information, Resources, Services, and Tools for applicants, medical school students, residents, advisors, and financial aid officers. Their goal is to help medical school borrowers expand their financial literacy, make smart decisions about student loans, and manage their student debt wisely. 

AAMC: FIRST for Students - includes a menu that links to information for students as well as residents.

$ALT​ - Modules addressing crucial topics of the unique financial needs of busy medical students.

Loan Repayment/Forgiveness Programs - The State and Federal Repayment, Loan and Scholarship data base. This searchable data base provides detailed information about many of the state and federal programs available to allopathic medicine and other health professions students.

Med Loans Organizer & Calculator​ - The above calculator comes highly recommended as a way to track your loans through Medical School. Graduating medical students must fill this out prior to meeting with Diane Noecker if they wish assistance with managing loans post-graduation. 

Managing Student Loan Debt

The following links are intended to assist and direct you in the management of your Student Loan Debt. Please make sure your billing address is up-to-date for all entities providing you loans so you receive important notifications in a timely manner.

Federal Direct Stafford Loan (Subsidized, Unsubsidized or Grad PLUS)

Stafford Subsidized:  6.8% interest rate, 6 month grace period (from 7/1/2006 - 6/30/2012) *No longer available
Stafford Unsubsidized: fixed/variable interest rate, 6 month grace period (after 7/1/2014)
Grad PLUS: fixed/variable interest rate, no grace period (after 7/1/2014)
  • Federal Direct Stafford Loan Information - Federal Direct Stafford Loans are low-interest loans for students to help pay for the cost of their education. The lender is the U.S. Department of Education (the Department) rather than a bank or other financial institution. Find information on applying for, managing, and repayment here.
  • Electronic Master Promissory Note - This web site is for completing a Federal Direct Stafford Loan Program electronic Master Promissory Note (MPN) for student Subsidized Unsubsidized and/or Graduate PLUS loans. You will have to log in to view your account. Click the Green Button "Sign In".
  • NSLDS - The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data. 
  • Direct Loan Servicer - A list of Direct Loan servicers. If you do not know who your servicer is, you can check the NSLDS site.
    Servicers allow you to make online payments, view your account balances and payment history, change your billing options, enroll in electronic services, get a copy of your 1098, or look into consolidating your loans.
  • Entrance Counseling - Before receiving a student loan, borrowers have to complete entrance counseling. You will have to log in to view your account and go through this session.
  • Exit Loan Counseling - The Direct Loan Exit Counseling will remind you of your rights and responsibilities as a Direct Loan borrower.
  • Loan Repayment Options - Includes Standard and Income-Driven Repayment Plans
  • Public Service Loan Forgiveness

Federal Perkins Loan

Please note: Campus Partners uses quarterly billing for the Perkins Loan, but you can request it be changed to monthly once it goes into repayment. 
5% interest rate, 9 month grace period

  • UW Loan Servicer Heartland ECSI - (Formerly Campus Partners) - Provides billing, accounting, and data processing services for Federal Perkins and institutional loans.
  • NSLDS - The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data. 

Loan for Disadvantaged Students 

5% interest rate, 12 month grace period

  • UW Loan Servicer Heartland ECSI - (Formerly Campus Partners) - Provides billing, accounting, and data processing services for Federal Perkins and institutional loans.

Primary Care Loan 

5% interest rate, 12 month grace period

  • UW Loan Servicer Heartland ECSI - (Formerly Campus Partners) - Provides billing, accounting, and data processing services for Federal Perkins and institutional loans.

School of Medicine Long-Term Institutional Loan 

5% interest rate, 6 month grace period

  • UW Loan Servicer Heartland ECSI - (Formerly Campus Partners) - Provides billing, accounting, and data processing services for Federal Perkins and institutional loans.
  • Institutional (SoM Long-Term) Loan Deferment Information - Please see your original Promissory Note for details.