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Student Loan

Frequently Asked Questions

Student Loan Billing and Payment Office

Loans for Disadvantaged Students

Annual Percentage Rate: 5%

Initial Grace Period: 12 months
Post Deferment Grace Period: none
Repayment Period: 120 months

Deferment types (please refer to your promissory note for detailed information):

a) Active duty in the uniformed services (maximum deferment is 3 years)

b) Peace Corp Volunteer (maximum deferment is 3 years)

c) Full-time study at a health profession school eligible for participation in the Loans for Disadvantaged Students program

d) Medical internship or residency programs

e) Separated from Yale University with the intent of returning to Yale University as a full-time student (maximum deferment is 2 years)

f) Fellowship training program which is directly related to the health profession for which the student prepared at Yale University and began service in within 12 months after the completion of advanced professional training (maximum deferment is 2 years)

If you do not qualify for a deferment, you can apply for forbearance.