Introduction
Primary Care Loan Program
Primary Care Commitment
Primary
Care Loan (PCL)
Programs
Currently Without a Primary Care Commitment
Scholarships for Disadvantaged Students
Loans for Disadvantaged Students
Application
Introduction
The following federal scholarship and loan programs are
for exceptionally financially needy students. Therefore, Federal law requires that
parental information be submitted, although as a graduate/professional student, the
medical student is an independent student for some other federal aid programs. The student
is the borrower for the Health Professions Loans and parental information is only to
determine eligibility. The following information is based on federal laws in effect at the
time this is written and is subject to change.
Primary Care Loan Program
In addition, to requiring parental
information to be submitted to the school, acceptance of the Health Professions
Primary Care Loan requires medical students to complete a primary care
residency and practice in a primary care health field in the United States.
Interest accruing during approved deferment: 0%
Primary Care Commitment
The Primary Care Loan, if accepted,
requires the student to agree (1) to enter and complete a
residency training program in primary health care (i.e. family medicine, general internal
medicine, general pediatrics, combined medicine/pediatrics or preventive medicine) not
later than 4 years after graduation from medical school and (2) to practice in such care
in the United States through the date on which the loan is repaid in full.
If the student accepts primary care funding and fails to complete
the primary health care residency and practice, the loan will be recomputed at an interest rate of 18% beginning on the date of non-compliance, instead of
5% during repayment for the borrower who complies with the primary care commitment.
If offered an award, review the promissory note carefully before accepting the funds.
Primary Care Loan (PCL)
| Maximum loan: |
Varies:
Up to the cost of attendance |
| Loan fees: |
None |
| Interest accruing during
school: |
None |
| Grace Period: |
12 months |
| Repayment Period: |
10 years |
| Deferments include: |
Advanced professional training,
including internship and residency in primary care |
| Interest during repayment: |
5% |
Programs Currently Without a Primary Care
Commitment
Scholarships for Disadvantaged Students
Amount of award varies.
Loans for Disadvantaged Students
Amount of loan varies. Terms are similar to the Primary Care Loan
(PCL) but without the primary care
commitment.
Application
To apply for the Health Professions programs, the student
must file the Free Application for Federal Student Aid
(FAFSA) and submit parent(s)'
information to the UA College of Medicine Financial Aid Office using the Parental
Information Form.
Parental
Information Form and Instructions 
Scholarship
Information
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