Interest begins immediately upon disbursement of the loan and is added to the principal until repayment begins. It is expected that loans will be repaid within three years, beginning October 1 of the year of graduation. The Financial Aid Officer will determine the eligibility of students who apply for financial aid through the College of Medicine and will recommend selected students for awards within the limits of availability. Eligibility is limited to U.S. citizens and unconditional permanent residents. The Financial Aid Officer will determine the eligibility of students who apply for financial aid through the College of Medicine and will recommend selected students for awards within the limits of availability.
Eligibility is limited to U.S. citizens and unconditional permanent residents.
To be eligible, a student must demonstrate financial need as determined by need analysis, including calculation of contributions from the student's parents and spouse. Repayment of the principal and interest at 5 percent begins one year after completion of medical school or may be deferred until a student has competed residency training. The maximum repayment period is ten years. Please note that newly signed legislation has eliminated these programs. These programs are administered by the U.S. Public Health Service.