Available Campus Loans:
Perkins Loans
McKinstry Loans
Health Profession Student Loans
Other Related Information:
Office of Financial Aid
Campus Loans Home Page
Bursar Home Page
UM Home Page
Questions or comments?
Eligibility for a Health Profession Student Loan is determined by the Financial Aid Office. The program provides low-interest, long-term loans to help undergraduate and graduate students studying in health profession fields such as medicine, dentistry, osteopathy, optometry, pharmacy, podiatry, and veterinary medicine.
How do you repay a Health Profession
Student Loan?
Health Profession Student Loans have a 5
% interest rate. Repayment can be made for a period of up
to ten years with a minimum monthly payment of $15.00.
The loans have an initial grace period of twelve months
after a student's enrollment drops below full-time.
Loan
Payment Information
What cancellation, deferment or forbearance
options are available to HPSL borrowers?
Cancellation Options:
Health Profession Student Loans may be cancelled by:
Death
Total and permanent disability
Deferment Options:
Health Profession Student Loans may be deferred if one of
the following conditions is met:
Full-time enrollment
Peace Corps
On full-time active duty as a member of the Armed Forces of the United States
Internship and residency or advanced professional training
Fellowships
Leave of absence to pursue related educational activity