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 complete the Free Application for Federal Student Aid (FAFSA), complete a supplemental form provided by our office, and show financial need. Funds are limited and are offered on a first-come, first-served basis. Please note, this loan differs from the Federal Direct Unsubsidized Stafford Loan for Select Health Professions.
After a student is offered 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 and Loan Collections Office Student Loan Information web page.
Lender: The University of Iowa
Interest Rate: 5%
Interest Free in School: Yes
Loan Fee: None
Annual Maximums:
- Dental students: $20,000
- Pharmacy students: $5,000
- Medical students: varies
Cumulative Maximums: None
Grace Period: 12 Months
Standard Repayment: 10-25 years
Minimum Payment: $40 per month