If you found out your residency destination during last week’s Match Day, but now find yourself scrambling to gather the funds to get there, the Texas Medical Association is here to help you finance the next leg of your medical education.
TMA’s low-interest loan program to help medical students and resident physicians relocate proved to be a lifesaver last year for Jordan McKinney, MD. Now a resident at the University of Florida College of Medicine – Jacksonville, Dr. McKinney secured a loan when he relocated from Texas Tech University Health Sciences Center School of Medicine in Lubbock.
“My ability to afford a 1,337-mile move across several state lines to join my dream program proved to be a challenge economically,” said Dr. McKinney. “Thankfully, I received an affordable TMA loan that allowed me to move without posing an additional financial burden on my parents.”
TMA’s loan program offers up to $6,000 at a fixed 4.4% interest rate for medical students and resident physicians. To help cover the cost of relocation for residency training, loans are available to medical students currently enrolled in a Texas medical school who will move on to residency at a Texas or out-of-state program.
Sue Bornstein, MD, Dallas, chair of TMA’s Educational Scholarship and Loan Committee, says the loan program allows TMA to support the next generation of physicians.
“Our interest rate, which is below federal student-loan rates, makes the loans a great asset for these soon-to-be resident physicians who might need a little help during this transition,” she said.
Loan applications currently are being accepted, and funds will be disbursed within a few weeks of submission. If you have questions, email TMA.
Last Updated On
September 16, 2022
Originally Published On
March 21, 2022
Tammy Wishard
Account Manager, Division of Communications and Marketing
(512) 370-1470