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Debt Review

Collect and Organize Your Debt

We want to help you manage your debt! We understand that keeping track of your debt can get complicated, so all students are required to input their debt in one place.  The AAMC offers a free Medloans Organizer and Calculator (MLOC) to all medical students for this purpose.

Debt review process:

1. Collect Your Loan History

  • Identify the types of loans that you have borrowed at HMS and the loans you have borrowed prior to HMS. You may retrieve your loan history by logging into the following sites:
    • HMS Financial Aid Portal Select the award year at the top of the page to find loans for every year you borrowed.
    • Federal Student Aid to access all Federal Loans.
    • Heartland ECSI to access all Harvard institutional loans.
    • UAS Connect to access all HUECU loans.
    • Contact your prior institution’s financial aid office if you are unsure whether you borrowed an institutional loan or a private loan.
  • Record what the interest rates for each loan are and which are subsidized (no interest during deferment periods) and which are unsubsidized.

Loan Repayment Terms

Loan Type Type of Subsidy Grace Period Repayment Terms Interest Rate Servicer
HMS Revolving Loan In school 6 months 10 years 5% Harvard University Student Loan Office
Wolfson Loan In school and up to 54 months in residency 6 months 10 years

Prime plus 1% but does not exceed 7%

Harvard University Student Loan Office
Loan for Disadvantaged Students In school and residency 12             months 10 years 5% Harvard University Student Loan Office
Federal Direct Unsubsidized Loan None 6 months Different options

2023-24: 7.05%
2022-23: 6.543%
2021-22: 5.284%
2020-21: 4.30%
2019-2020: 6.08%
2018-2019: 6.60%
2017-2018:6%
2016-2017: 5.31%
2015-2016: 5.84%
2014-2015: 6.21%
2013-2014: 5.41%
2006-2013: 6.8%

 

 

View Direct Loan Servicer on Federal Student Aid
Federal Direct Graduate PLUS Loan None 6 months Different options

2023-24: 8.05%
2022-23: 7.543%
2021-22: 6.284%
2020-21: 5.30%
2019-2020: 7.08%
2018-2019: 7.60%
2017-2018: 7%
2016-2017: 6.31%
2015-2016: 6.84%
2014-2015: 7.21%
2013-2014: 6.41%
2006-2013: 7.9%

 

View Direct Loan Servicer on Federal Student Aid
Harvard University Employees Credit Union None 6 months Different options Different options UAS Connect

 

2. Enter Your Loan Data into the AAMC Medloans Organizer and Calculator (MLOC)

  • First year students: Enter your prior debt and your projected HMS debt up until your anticipated graduation date.
  • Returning students: Enter your prior debt and your HMS debt up to date.

3. Submit your completed Medloans exercise to the Financial Aid Office through the HMS Secure File Transfer Site.

  • In the subject line enter annual debt review.

Servicer Contact Information

Harvard University Student Loan Office
Phone: 800-315-7192 or 617-435-3782
Website: https://sfs.harvard.edu/loans

Ford Federal Direct Subsidized and Unsubsidized Stafford Loan and Graduate PLUS Loan
Lender: Direct Loan Servicing Center
Direct Loan Servicers

Harvard University Employees Credit Union Loan
Phone: 800-723-2210
Website: https://www.huecu.org/student-loans/ (lender) https://www.uasconnect.com/ (servicer)