Loan Terms


The Texas Medical Association offers low interest loans for qualified medical students and resident physicians.



General Requirements
  • Interest is due on the anniversary date of the loan
  • Repayment of the principal portion of the loan begins four years after graduation
  • Equal monthly payments will be made for four years
  • Loans may be repaid in full at any time prior to maximal tenure without penalty
  • The note will become due if the student should discontinue the study of medicine
  • An interview will be required with a Trustee of the Texas Medical Association
How to Apply
  • Most medical schools financial aid offices determine student’s eligibility for these funds.*
  • Students apply through their medical school’s financial aid office unless listed below.*
  • An in-person meeting with a TMA Interviewing Trustee is required.
  • Upon approval, a check will be mailed directly to the student.
  • * TX A&M HSC, TX Tech Univ HSC, UNTHSC @ Fort Worth, UTHSC @ Houston, UTRGV SOM, and UT Southwestern @ Dallas HSC medical students should contact TMA directly at for application instructions or can obtain the application online at the FORMS tab at the top of the page.



General Requirements
  • Loans are available to physicians in any year of postgraduate training
  • A resident physician may borrow up to a maximum of $3,000
  • The residency must be in an accredited program within the state of Texas

Note: If an individual received a TMA loan from the Dr. S.E. Thompson Scholarship Fund while in medical school, that amount will be included in the maximum allowed.

Loan Repayment
  • Interest is due each year on the anniversary date of the loan until principal repayment begins
  • Loans may be repaid in full at any time without a prepayment penalty 
  • Loan recipients must begin to repay the principal of the loan two years after loan disbursement
  • Equal monthly payments will be made for 12 months on a $1,000 loan, 24 months on a $2,000 loan, or 36 months on a $3,000 loan.
How to Apply

Resident physicians may apply for a loan through the Texas Medical Association and must obtain an application available here

The following items must be completed and received by TMA:

  • Completed application 
  • Promissory note 
  • Verification of residency status 
  • Credit history 
  • An interview with a TMA Trustee

Mail completed forms to:

Loan Funds Administration, Texas Medical Association, 401 W. 15th Street, Austin, TX 78701.
Questions? E-mail TMA Loan Funds or call (800) 880-2828 for more information.