Health Professions Loan

 

Health Professions Loans are available to students enrolled in the College of Dentistry, College of Medicine, and the College of Pharmacy.  Students will automatically be considered for the Health Professions Loan if they provide their parents' information on the Free Application for Federal Student Aid (FAFSA) even if they are considered a self-supporting student. Parent federal income tax returns must also be submitted to the Office of Student Financial Aid. Funds are limited and are awarded on a first-come, first-served basis.

After a student is awarded a Health Professions Loan, they must complete an electronic Master Promissory Note (MPN) to receive the funds.

Repayment information is available on the University Billing Office Student Loan Information web page.

 

Lender

The University of Iowa

Interest Rate

5%

Interest Free in School

Yes

Loan Fees

None

Annual Maximums

Dental students:  $20,000

Medical students:  varies

Pharmacy students:  $10,000

Cumulative Maximums

None

Grace Period

12 months

Standard Repayment Period

10-25 years

Minimum Payment

$40 per month