Primary Care

Financial Services > Loans > Primary Care

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. Eligibility and notifications for this loan is determined during winter quarter. This loan is only offered to 4th year students. 

Depending on available funding, the loan amount offered 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.

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.