MedCAP® Alternative Medical School Loan

Wells Fargo offers a variety of private student loans at competitive rates. When it comes to financing your education, be sure to look at all of your options - including grants, scholarships and loans from all sources - and make careful comparisons among all your choices. If you determine a private student loan for medical school is right for you, Wells Fargo offers loans to fit the needs of nearly every student.

About federal loans: Wells Fargo and other private lenders no longer are able to originate federal student loans. All new federal loans are available directly from the U.S. Department of Education.
The MedCAP loan is a private medical school student loan for students in an approved health-related program.

If you've received all the federal loans you're eligible for and still don't have enough, you can use the MedCAP Alternative Medical School Loan for Health Professionals1 to borrow up to the entire cost of your education.

Payments do not begin until:

Up to 60 months after you leave school for allopathic and osteopathic medical students
6 months after you leave school for students in other eligible disciplines
Automatic payment discount — Lower your interest rate by 0.25% when you set up an automatic payment from a personal checking or savings account.
Wells Fargo Student Graduation BenefitSM — Lower your interest rate by 0.25% after we verify that you’ve graduated.
Relationship discount — Lower your interest rate by up to 0.50% if you’re a Wells Fargo customer.

There’s no annual maximum — you can borrow up to the cost of education (tuition, rent, books, etc.) minus other financial aid.2

The aggregate limit is $250,000 including all other educational debt for allopathic (M.D.) or osteopathic (D.O.) medicine an

Lower your interest rate by 0.25%
Fees No application, origination, or early repayment fees.

You must meet all the following requirements:

Be enrolled in an approved allopathic or osteopathic medical program, or be enrolled at an approved school in one of the following programs: accelerated medical, cardiac perfusion, chiropractic, cytotec

Your financial aid officer will certify the loan amount you are eligible for. In most cases, we send the funds directly to your school (typically twice a year).

You can use any money left over after paying tuition for your other education-related expenses.