Primary Care Student Loan Program
- enter and complete a residency program in Primary Care within four years following graduation; and
- practice in Primary Care for the life of the loan (with possible extension at the discretion of the school).
Based on compliance, the interest rate is 5 percent (paid by the federal government) during in-school and approved deferment periods. In the case of non-compliance with the PCL agreement, the interest rate increases to 7 percent, beginning on the date of non-compliance.
All recipients must demonstrate financial need for PCL awards and the amount of the award is dependent on annual available funds.