Primary Care Loans

Financial Services > Overview of Loans > Primary Care Loans

The Primary Care Loan (PCL) program is a low cost federal loan program for medical students to pursue a degree in allopathic medicine and who are committed to primary health care practice. The interest rate is 5 percent and begins to accrue following a one year grace period after you cease to be a full-time student.

The College of Medicine is responsible for selecting loan recipients. Depending on available funding, the loan amount offered to the student could be greater than the cost of attendance. The amount greater than the cost of attendance will be used to pay off previous loans taken out for medical school.

This loan is normally offered to those Med 4 students whose primary residency selection is within the primary health care field. Information about this loan is emailed to those students sometime in October or November.

Medical students receiving a Primary Care Loan must agree to

• Enter and complete residency training in primary care within four years after graduation and practice in primary care for the life of the loan
• Be enrolled as a full-time student in a degree program leading to a doctor of medicine or doctor of osteopathy
• Be a United States citizen or eligible non-citizen
• Provide financial information about your parents
• Demonstrate financial need
• Maintain good academic standing
  
  For more detailed information about Primary Care Loans, please visit Bureau of Health Professions Loans web page.