TMA offers low interest loans for qualified medical students and resident physicians
Visit the TMA Loan Funds web page for more information
Student Loan Program
- Interest is due on the anniversary date of the loan.
- Repayment of the principal portion of the loan begins four years after graduation.
- Equal monthly payments will be made for four years.
- Loans may be repaid in full at any time prior to maximal tenure without penalty.
- The note will become due if the student should discontinue the study of medicine.
- An information session will be required with a Trustee of Texas Medical Association.
How to Apply
- Students must apply through their medical school's Financial Aid Office (Visit www.tmaloanfunds.com to find out which schools can apply directly to TMA.)
- Upon approval, a check will be mailed directly to the student.
Resident Loan Program
- Loans are available to physicians in any year of postgraduate training.
- A resident physician may borrow up to a maximum of $5,000.
- The residency must be in an accredited program within the sate of Texas.
- Interest is due each year on the anniversary date of the loan until principal repayment begins.
- Loans may be repaid in full at any time without a prepayment penalty.
- Loan recipients must begin to repay the principal of the loan two years after loan disbursement.
- Equal monthly payments will be made for 12 months on a $1,000 loan, 24 months on a $2,000 loan, 36 months on a $3,000 loan, or 48 months on loans of $4,000 or $5,000.
How to Apply
Resident physicians may apply for a loan through Texas Medical Association and must obtain (the following links will take you to forms viewable using Adobe Acrobat Reader).
Call (800) 880-2828 for more information.
To apply, complete the Resident Physician Loan Program application. (pdf file format - Help )
Once finished, print out the forms and mail them to: Loan Funds Administration, Texas Medical Association, 401 W. 15th St., Austin, TX 78701.
Questions? Email info[at]tmaloanfunds[dot]com , or call (800) 880-2828 for more information.
Note : If an individual received a TMA loan from either the Dr. SE Thompson Scholarship Fund or the TMA Alliance Student Loan Fund while in medical school, that amount will be included in the maximum allowed.
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Last Updated On
October 30, 2018