| Deposit
As a new student, you must pay a deposit of $500, which is credited to your tuition. The deposit is nonrefundable should you decide not to attend or if you withdraw.
Financing Options
There are several programs available to help you finance the cost of the Postbaccalaureate Premedical Program.
Federal Stafford Loans
What it is
A student loan program with favorable terms of repayment.
Annual loan limit
$5,500 for dependent students.
$10,500 for independent students.
Advantages
If you demonstrate financial need, no interest will be charged on the first $5,500 of your loan until you begin repayment. Loan amounts over the first $5,500 will be charged interest from the time the loan is disbursed until it is paid in full. While you are in school, you may accrue the interest or pay it quarterly.
How to apply
To apply for a Federal Stafford Loan, you must file a Free Application for Federal Student Aid (FAFSA), which is available on the Web at www.fafsa.ed.gov. Bryn Mawr’s federal code number is 003237. After the FAFSA form has been processed, you will be mailed a Student Aid Report.
First-time borrowers are encouraged to secure loans from lenders who participate in the Pennsylvania Higher Education Assistance Agency (PHEAA) Keystone Best Program. If you had a Federal Stafford Loan in the past, it will be easier to stay with your original lender to avoid complications with future repayments.
You will need to submit a new Master Promissory Note even if you submitted one earlier at a different school.
Private Loans
What it is
A privately insured loan for students who need to finance educational costs not covered by a Federal Stafford Loan.
Annual loan limit
Up to the cost of education, less other financial aid.
Advantages
Allows you to completely finance your education.
How to apply
To apply for an alternative loan please go to www.collegelenderlist.com
Monthly Payment Plan
What it is
Through Academic Management Services (AMS), students may make equal monthly payments for the amount due to Bryn Mawr College.
Advantages
Although there is a nominal service fee to sign up for plan, the monthly payments are interest free.
How to apply
You may request an application from the College’s Postbaccalaureate Premedical Program Office or apply online at www.key.com/brynmawrcollegepaymentplan . |