The state-funded Arizona Medical Student Loan Program provides educational loans in the amount of tuition up to $20,000 per year to Arizona-resident medical students in accredited osteopathic and allopathic medical colleges in the State who are committed to Psychiatry and areas of Primary Care. 
Note: This loan replaces already disbursed loans within the same academic year. 

  • Residency requirement: applicants must be Arizona residents with evidence of 1 year of continuous physical presence in the state prior to medical school matriculation and show intent to remain in Arizona after their education. 
  • Application: Complete the Free Application for Federal Student Aid (FAFSA) and the AZ Medical Student Loan Program application. Typical available in December and due in January. 
  • Interview: Applicants will complete a residency classification form and a loan program application and undergo a three-part interview process. 
  • Loan Forgiveness: The loan is forgiven for service in an eligible area in Arizona as a licensed physician in Family Practice, Obstetrics/Gynecology, General Internal Medicine, General Pediatrics, combined Medicine and Pediatrics, or Psychiatry. 
  • Service Commitment: Minimum two-year full-time practice commitment in any of the following locations, as defined in Arizona Revised Statutes §15-1723 and designated by the Arizona Department of Health Services: 
  1. A rural AND medically underserved area of Arizona. 
  2. A medically underserved area of Arizona. 
  3. A medically underserved population of Arizona. 
  4. Any Indian Reservation that is located in Arizona. 
  • If the service commitment is not met, the loan must be repaid in full at 7% interest plus applicable liquidated damages per the terms of the contract. 
  • After completion of the residency program, the physician will obtain a medical license and begin the service commitment.