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 to find loans for every year you borrowed by selecting the award year at the top of the page
- Federal Student Aid to access all Federal Loans
- Heartland ECSI to access all Harvard institutional loans
- UAS Connect to access all Harvard FCU 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 | 5% | 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 | 8.07% For prior year rates, visit Federal Student Aid
| View Direct Loan Servicer on Federal Student Aid |
| Federal Direct Graduate PLUS Loan | None | 6 months | Different options | 9.07% For prior year rates, visit Federal Student Aid
| View Direct Loan Servicer on Federal Student Aid |
| Harvard Federal Credit Union | None | 9 months | Different options | Different options | UAS Connect |
| College Ave Student Loans | None | 9 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 Federal Credit Union Loan
Phone: 800-723-2210
Website: https://harvardfcu.org/education-loans/ (lender) https://www.uasconnect.com/ (servicer)
College Ave Student Loans
Phone: 844-422-7502
Website: https://www.collegeave.com/ (lender) https://www.uasconnect.com/ (servicer)