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Student Loan Billing and Payment Office

Yale Medical School Student Loans (YUSL)

Annual Percentage Rate: 7.5% for loans disbursed after June 30, 2002

Initial Grace Period: 6 months
Post Deferment Grace Period: none
Repayment Period: 120 months
Accrued Interest: Interest accrues during a deferment or forbearance period. Interest does not accrue for up to twenty-four months during the time you are serving in an eligible internship or residency program.

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

a) Enrolled as a student at least half time

b) Enrolled as a student in a Graduate Fellowship program

c) Unemployment (maximum deferment is 3 years)

d) Enrolled in a rehabilitation training program for disabled individuals

e) Medical Internship/Residency (maximum deferment is 2 years)

Additional deferment types for loans disbursed before July 1, 2003:

a) Member of the Armed Forces (maximum deferment is 3 years)

b) Temporarily totally disabled (maximum deferment is 3 years)

c) Parental leave (maximum deferment is 6 months)

d) Working Mother (maximum deferment is 12 months)

e) Active duty member of the National Oceanic and Atmospheric Administration Corps (maximum deferment is 3 years)

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