Apply for a Student Loan | Saint James School of Medicine

LOAN APPLICATION PROCESS

The application period for Spring 2023 semester ends on December 23rd, 2022. No applications will be accepted after that.

Upon requesting the loan application and consent forms, Delta emails you and your co-signer an electronic application as well as a non-refundable $100 application fee. Payment options are included in the invoice.

Please submit your completed application, consent forms, and payment of $100 by Friday, December 23rd, 2022. If approved, students must sign and submit the Delta promissory note.

During the application process, you and your co-signer are provided with various disclosures regarding costs and fees and given the opportunity to reconsider proceeding with the loan.

Saint James School of Medicine’s Finance Department is happy to answer any questions you may have about the loan application process. Just submit a ticket to Financial Helpdesk. Or contact Delta directly at deltafinancial@mail.sjsm.org.

SUMMARY OF THE DELTA STUDENT FINANCIAL ASSISTANCE PROGRAM

	Prospective Students	Current Basic Sciences Students	Current Clinical Sciences students
Status at application	Reserved a seat/enrolled	Current student	Current student
Academic Criteria	Based on academic standing	3.0/4.0 GPA	Passed USMLE Step 1 exam
Co-signer required	Yes	Yes	Yes
Minimum payment to Delta	Interest only	Interest only	Interest only
Maximum benefit per semester	$4,500	$4,500	$4,200
Full payoff begins	6 months after graduation or on 51st month of initial enrollment in Basic Sciences program*
Payoff term	10 years
Interest Rates	Interest rates will vary based on the above criteria.
Continuing eligibility	Student must maintain 3.0 GPA, must pass USMLE step 1 within 4 months of completion of the Basic Sciences program, must be in good academic standing, must maintain Hospital surcharge payments as well as difference in tuition payments to the school and must be in good standing with Delta. Students who have repeated courses and/or failed a course are not eligible for Delta.

*If a student transfers or leaves before completing the program, loan payoff begins immediately. If a withdrawing/transferring student is due a refund, the refund will first be applied towards any outstanding balance with Delta Financial Solution, Inc.

REQUIREMENTS TO APPLY FOR A DELTA STUDENT LOAN

Please note, you need to be a US citizen or a US permanent resident to apply. Please indicate which describes your status:*
- I AM A US CITIZEN
- I AM A US PERMANENT RESIDENT
You must be enrolled in the Basic/Clinical Sciences program. If you are enrolled in the Clinical Sciences program, you are required to have passed USMLE Step 1 to apply for a Delta loan. Please indicate which describes your status:*
- I AM ABOUT TO ENROLL/AM ENROLLED IN THE BASIC SCIENCES
- I AM ENROLLED IN THE CLINICAL SCIENCES AND HAVE PASSED USMLE STEP 1
Other application requirements
- You must be enrolled as a student of Saint James School of Medicine.
- You must have a GPA of at least a 3.0* in your studies at Saint James School of Medicine or during your last 90 credit hours at your previous school.
- You must have a co-signer for your loan. Your co-signer will assume full responsibility for payment of your loan in the event that you are unable to pay.
- You must supply an accurate gross income for yourself.
- You must provide an accurate household income for your co-signer.
- Both you and your co-signer must have a Credit Score above 600**.
*This is the minimum GPA to apply.

**This is the minimum credit score to apply. Meeting this score does not automatically mean approval. Approval is based on several criteria and only students that meet all the criteria will be considered.

Request an application form

Please complete all the fields in the form below to request an electronic application form. When you submit your form we will email you and your co-signer an electronic application form.
First Name*
Last Name*
Social Security Number*
Student ID
Date of Birth*
MM slash DD slash YYYY
Campus*
Email*
Your Co-signer's full name*
Your Co-signer's email address*
Which is/was your first semester with Saint James School of Medicine?

(e.g. Spring 2014)
If you have had student loans previously, what semesters have you taken loans for?

(e.g. Fall 2010)
Required*
- I understand that this is a request for a Delta Financial Solutions, Inc. loan application form and that this is not an actual submission of an application for a loan by Delta Financial Solutions, Inc.
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Email
This field is for validation purposes and should be left unchanged.

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Apply for Delta Student Loan

LOAN APPLICATION PROCESS

SUMMARY OF THE DELTA STUDENT FINANCIAL ASSISTANCE PROGRAM

REQUIREMENTS TO APPLY FOR A DELTA STUDENT LOAN

Other application requirements

Request an application form