The Primary Care Loan: FAQ




What is the Primary Care Loan Program?
The Primary Care Loan (PCL) program is a low cost federal loan program for medical students committed to primary health care practice. The interest rate is 5 percent and begins to accrue following a one year grace period after you cease to be a full-time student. When compared to other federal student loans and private loans, the PCL provides significant savings. The loan also offers deferment of principal and interest not found in other loan programs.


How much can I borrow?
Your financial aid office will determine how much you can borrow based on your eligibility, the amount of PCL funds available at your institution and other criteria. The maximum award for first- and second- year students is cost of attendance (including tuition, educational expenses, and reasonable living expenses). Amounts beyond this may be awarded to third- and fourth-year students.


How Do I Qualify for a PCL?
bulletYou must be enrolled as a full-time student in a degree program leading to a doctor of medicine or doctor of osteopathy.
bulletYou must be a United States citizen or eligible non-citizen.
bulletYou maybe required to provide financial information about your parents.
bulletYou must demonstrate financial need.
bulletYou must not owe a federal grant refund or be in default on any federal loan.
bulletYou must maintain good academic standing.
bulletYou must register with Selective Service if required by law.



 Back To PCL Start Page


 Continue To Next Page