Medical Student and Resident Physician Loans

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

General Requirements

  • 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 to find out which schools can apply directly to TMA.)
  • Upon approval, a check will be mailed directly to the student.

Resident Loan Program

General Requirements

  • Loans are available to physicians in any year of postgraduate training.
  • A resident physician may borrow up to a maximum of $6,000.
  • 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, $5,000, and $6,000.

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 21, 2019

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