Are you aware that the Texas Medical Association offers low-interest loans to help medical school students cover tuition and other costs?
Well, apparently not all of you are, because only 75 percent of TMA loan funds were used during this past academic year (2017-18). That’s up from 69 percent the year before.
So now that you know about the funds (and learning is what being a student is all about), find out more about them and their application requirements at TMAloanfunds.com.
But if you want the CliffsNotes version, check this out:
- Interest rates on TMA medical student loans are fixed at 4.4 percent and are typically kept below federal student loan interest rates.
- There is a lifetime loan limit of $10,000 per borrower.
- Funds are best used during the third and fourth year of medical school, when extra costs for STEP 2, applications, rotations, and interviews pile up.
- Deferments are available if you need repayment extensions, and refinancing tools are available online.
As always, you can find plenty of information on TMAloanfunds.com, or you can email questions to info[at]tmaloanfunds[dot]com.
Last Updated On
October 17, 2018