Funding for this program is limited and preference given to students with high need. You will not be required to begin repayment, nor will interest accrue until nine months after you cease to be enrolled at least half time. When compared to other federal student loan and private loans, the PCL provides significant savings. Complete your residency program within four years of graduation Practice in such care through the date on which the loan is repaid in full If the borrower fails to enter and complete a primary health care residency and practice in a primary health care field, the loan balance will be recalculated from the date of issuance at an interest rate of 12 percent per year, compounded annually. The borrower will be required to repay the loan in full in 36 months.
Funds are limited.
At the present time, the definition of disadvantaged is being reviewed at Department of Health and Human Services.