Loans—Primary Care Loan (PCL)

The Primary Care Loan is a low interest Federal loan for medical students who agree to:

• Enter and complete residency training in primary care within four years after graduation
• Practice in primary care for the life of the loan

Primary Care for this loan is defined as Family Practice, General Internal Medicine, General Pediatrics, or Preventive Medicine.

For borrowers who fulfill this obligation, the interest rate is 5% per year. Interest begins to be charged one year after graduation, and can be deferred for up to 3 additional years while in residency training in one of the required specialties. For borrowers who fail to enter one of these specialties, the interest rate increases to 18% per year.

Eligibility for this loan is determined by financial need and the availability of funds. Federal regulations require that schools use parents' financial information to calculate eligibility.

For more information about loan terms and repayment, contact:

SUNY Student Loan Service Center (http://slsc.albany.edu )
University at Albany
One University Place
Rensselaer, NY 12144-3497.