70+
years of helping Texas medical students since 1952
Built on Decades of Physician Trust
For over seventy years, TMA has administered multiple educational loan funds supporting Texas medical students with reliable funding, allowing future doctors to focus on their careers without financial stress.
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10,700+
loans awarded to medical students and resident physicians throughout Texas
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4.40%
fixed interest rate with clear payment terms
Fixed-rate loans designed to support Texas medical students from enrollment
through graduation
Choose the Right Loan for Your Journey
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Medical Student
Medical Student Loans
Built for Texas medical students pursuing accredited MD or DO programs with predictable fixed-rate financing.
- Up to $6,000 per fund
- Fixed 4.40% interest
- Deferred repayment
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Resident Physician
Resident Physician Loans
Bridge financing for residents managing relocation, boards, and early-career expenses.
- Up to $6,000 (SET Fund) or $3,000 (Palmer Fund)
- Fixed 4.40% interest
- Equal monthly payments
Medical Student
Up to $6,000 per fund
Resident Physician
Reduce Your Debt. Earn a Scholarship.
Explore scholarships administered for Texas medical students across merit, need, specialty, and community-impact criteria.
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Awarded each spring
Lone Star Caucus Medical Student Scholarship
Varies
Supports outstanding third- and fourth-year Texas medical students with financial need.
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Applications: Jul 1 – Sep 20
TMA Future Physicians Scholarship
$12,000
One $12,000 award at each Texas medical school, paid as three $4,000 annual installments.
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Awarded each summer
Krishna Memorial Scholarship
$1,000
One award of $1,000 per UT System medical school each year, chosen by the school.
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Applications: Jul 1 – Sep 20
NTSP Medical Student Scholarship
$10,000
One $10,000 scholarship for a first-year Texas medical student from Tarrant, Johnson, or Parker County.
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Selected Aug – Oct 10
Harris County Medical Society Alliance Scholarship
From $1,000
For third- and fourth-year students attending a medical school in Harris County.
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Applications: Jul 1 – Sep 20
50-Year Club Scholarship
From $500
Funded by the 50-Year Club for students who display outstanding academic progress in medical school and exhibit financial need.
Listings for other student scholarships are not published yet.
Financial solutions for future physicians
Fixed interest rates
Transparent, predictable rates. No surprises across the life of your loan.
Scholarship Opportunities
Access scholarship programs alongside your loan to reduce total borrowing.
Trusted programs
Administered by a physician-led association with a long-standing legacy.
Show your support
Login to make a secure donation to a scholarship fund here:
Donate
Designed for Every Stage of Your Medical Career
Medical Student Loans
Resident Physician Loans
Eligibility
Students enrolled in accredited Texas medical schools
Physicians in accredited Texas residency programs
Maximum Funding
Up to $6,000 per fund
Up to $6,000 (SET Fund) or $3,000 (Palmer Fund)
Interest Rate
4.40% Fixed
4.40% Fixed
Repayment
Annual interest due until monthly repayment begins four years after graduation
Equal monthly payments over 12 to 48 months
Application
Online application with required documents
Online application with required documents
Best For
Tuition and education-related expenses
Living and professional expenses during residency
From application to funding in 5 simple steps
A straightforward process from online application to disbursement – here is what to expect along the way.
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Apply Online
Complete your online application and securely e-sign the required promissory note to begin the review process.
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Verify Eligibility
Submit the required enrollment or residency verification documents along with any supporting application materials.
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Meet With a Trustee
Meet with a physician interviewing trustee virtually, by phone, or in person to review your application.
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Review Approval
Take a moment to review your approval disclosure and agree to the loan terms.
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Receive Your Funds
Upon approval, loans are disbursed as direct deposit within approximately two (2) weeks.
Estimate Your
Monthly Payment
Preview what monthly repayment looks like under the assumption that interest only payments are made. Provided for illustrative purposes only.
Take the Next Step Toward Your Medical Career
Apply for an educational loan or explore scholarship opportunities designed to support your journey through medical school and residency.