New Anglia University is proud to announce a new financial aid pathway for its premedical and MD students. This initiative introduces a flexible, student-focused loan program designed to ease the financial burden of medical education by covering not only tuition but also living expenses such as housing, meals, transportation, and more.
Students may now borrow between $3,000 and $95,000 per academic year, with fixed or variable interest rates. Borrowers can choose from three repayment plans—$50 Monthly Payment, Interest-Only, or full Principal & Interest—with terms ranging from 5 to 15 years depending on the selected plan.
To ensure responsible borrowing, NAU’s Admissions Office will support each student through the process by preparing the certified Cost of Attendance (CoA) required by the lender and assisting with documentation. Loan coverage includes a wide range of academic and living costs, ensuring students can focus on their studies without financial stress.
This program is designed with broad accessibility in mind: 88% of applicants are approved without a cosigner, making it a highly inclusive option for eligible U.S. citizens and permanent residents.
With an average processing timeline of 2–3 weeks, this loan program is a timely, structured solution tailored to meet the needs of NAU’s medical students.
For more information on the loans criteria and application process, click HERE.