Loans provided by Health Resources Services Administration (HRSA) and available to students who come from historically, socio-economically and educationally disadvantaged backgrounds.
College of Medicine – Phoenix offers the following two Health Professions Loans:
HRSA Primary Care Loan (PCL)
Available to students who pledge to pursue a federally approved primary care specialty in Pediatrics, Internal Medicine, or Family Medicine.
- Award amounts: vary based on the annual allocation and number of eligible students.
- PCL Terms: 5% fixed interest rate, interest does not accrue while in school, and a one-year grace period after graduation before repayment begins.
- Eligibility: must be a full-time student with documented financial need.
- Service Obligation: borrowers must agree to enter and complete residency training in primary care and practice in primary care for the life of the loan.
- Application Process: Students must complete the FAFSA and submit verification of parent(s) income.
- Repayment: Begins after the grace period and repaid within 10 years, excluding approved deferments.
HRSA Loans for Disadvantaged Students (LDS)
Available to students who demonstrate financial need and come from a socio-economic or financially disadvantaged background.
- Award amounts: vary based on the annual allocation and number of eligible students.
- PCL Terms: 5% fixed interest rate, interest does not accrue while in school, and a one-year grace period after graduation before repayment begins.
- Eligibility: Must be a full-time student with documented financial need.
- Application Process: Students must complete the FAFSA and submit verification of parent(s) income.
- Repayment: Begins after the grace period and repaid within 10 years, excluding approved deferments.