Student Loans

Affordable Loans for Texas Medical Students

Get fixed-rate loans for Texas medical students to cover tuition and essential expenses, featuring predictable repayment, no origination fees and no penalty for repaying early.

Apply Now View Your Loan

$12k

Combined lifetime total

4 Years

Principal repayment begins 4 years after graduation

$6,000

Maximum from any one loan fund

4.4%

Fixed Interest Rate

Medical students walking together outside a campus building

Affordable Fixed-Rate Student Loans for Future Doctors

  • Dr. S. E. Thompson Scholarship Loan Fund

    For students attending eligible University of Texas medical schools.

    • No Residency Required
    • UT System Schools
    • Eligible at UT System medical schools
    • May borrow up to $6,000 maximum
    • 4.4% fixed interest rate
    • Limited to a combined lifetime total of $12,000
    Apply Now

  • Dr. May Owen Irrevocable Trust Loan Fund

    Designed for students enrolled at participating Texas medical schools.

    • No Residency Required
    • Participating Schools
    • Available at multiple Texas medical schools
    • May borrow up to $6,000 maximum
    • 4.4% fixed interest rate
    • Limited to a combined lifetime total of $12,000
    Apply Now

  • TMA Alliance Medical Student Loan Fund

    Supports Texas resident medical students at select participating schools.

    • Texas Residents
    • Select Texas Schools
    • Select Texas medical schools
    • May borrow up to $6,000 maximum
    • Texas residents only
    • Subject to fund availability
    • Limited to a combined lifetime total of $12,000
    Apply Now

  • TMA Special Funds Foundation Medical Student Loan Fund

    Financial assistance for Texas residents attending select medical schools

    • Texas Residents
    • Select Texas Schools
    • Select Texas medical schools
    • May borrow up to $6,000 maximum
    • Texas residents only
    • Subject to fund availability
    • Limited to a combined lifetime total of $12,000
    Apply Now

  • TMA Special Funds Foundation Durham Student Loan Fund

    Limited funding for eligible Texas resident medical students.

    • Texas Residents
    • Select Texas Schools
    • Select Texas medical schools
    • May borrow up to $6,000 maximum
    • Texas residents only
    • Subject to fund availability
    • Limited to a combined lifetime total of $12,000
    Apply Now

Step by Step of How to Apply for a Student Loan

  1. Complete Application

    Apply online, completing and e-signing the application, the promissory note, the self-certification form, and the W-9S.

  2. Submit Supporting Docs

    Upload paperwork from your Financial Aid Office recommending you for this loan, or a verification of enrollment from the Registrar — on school letterhead and showing your expected graduation date. Also upload a copy of your current driver’s license or picture ID.

  3. Meet with a Trustee

    After all submitted materials are reviewed, TMA emails you instructions for the required virtual or telephone meeting with a TMA Interviewing Trustee. The meeting covers the terms of the loan and the importance of becoming involved in organized medicine.

  4. Receive Approval & Funding

    Upon approval, the loan is provided directly to you by direct deposit within approximately 2–3 weeks.

Medical students apply online. Funds are limited to specific medical schools annually, so confirm where your school stands before you begin. An interview with a physician interviewing trustee is required in every case.

Apply Now

Check with your school first: students at Sam Houston State University College of Osteopathic Medicine, TTUHSC Paul L Foster School of Medicine, University of the Incarnate Word School of Osteopathic Medicine, UTHSC San Antonio-Long School of Medicine, UTMB John Sealy School of Medicine, and UT Rio Grande Valley School of Medicine must contact their Financial Aid Officers before applying online.

A medical student standing in a hospital corridor

Repayment Terms

  • Interest is due one year after the loan is disbursed and then annually until monthly repayment begins.

  • Principal repayment begins four years after graduation from medical school.

  • Equal monthly payments will be made for 48 months.

  • Loans may be repaid in full at any time without pre-payment penalty.

  • The note will become due immediately if the student should discontinue the study of medicine.

  • Please consult the promissory note for other terms of this loan.

A physician holding a bank note at her desk

Repayment Terms for Your Medical Journey.

Interest is due one year after the loan is disbursed and then annually until monthly repayment begins. Repayment of principal starts four years after graduation, in equal monthly payments over four years, at a fixed 4.4% interest rate. Loans may be repaid in full at any time beforehand without penalty.

Loan paperwork and a calculator on a desk

  • Interest Payments

    Interest begins one year after loan disbursement and continues annually until monthly repayment begins.

  • Equal Monthly Payments

    Repay your loan through 48 fixed monthly installments, making budgeting simple and predictable.

  • Principal Repayment

    Principal repayment begins four years after medical school graduation, giving you time to establish your career.

  • No Prepayment Penalty

    Pay off your loan early at any time without incurring additional fees or penalties.

Required Documents for a Complete Application

  • Application & Promissory Note

    View a sample of the official loan application and repayment agreement terms.

    View a sample

  • Self-Certification

    A federal form required for private education loans. TMA supplies it as part of your application packet.

    View a sample

  • Solicitation Disclosure

    View a sample of the mandatory loan terms, interest rates, and fee disclosure document.

    View a sample

Have Questions

Who is eligible to apply for a TMA student loan?

Eligibility varies by loan fund. Some funds are available to students attending specific Texas medical schools, while others require Texas residency.

How much can I borrow?

Students may borrow up to $6,000 maximum from any one loan fund. However, borrowers are limited to a combined lifetime total of $12,000. Not all funds are available at every school.

What documents are required to apply?

The application in its entirety (including the promissory note, self-certification form, W9-S form, and solicitation disclosure) as well as a copy of your driver’s license or state-issued ID, and a current official verification of enrollment obtained from the registrar or financial aid office that includes your expected graduation date.

When do I start repaying my loan?

Interest is due one year after the loan is disbursed and then annually until monthly repayment begins. Principal repayment begins four years after graduating from medical school. The note will become due immediately if the study of medicine is discontinued.

What is the interest rate?

A fixed 4.4% interest rate for the life of the loan, with no origination fees and no penalty for repaying early.

How are loan funds disbursed?

Upon approval, the loan will be provided directly to the student via direct deposit within approximately two (2) weeks.

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

Apply for a Loan Explore Scholarships