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TMA offers loans to resident physicians within the state of Texas. Funds are limited annually. Please contact TMA directly to see if you qualify.



Dr. S. E. Thompson Scholarship Loan Fund
 

  • Available to physicians in any year of post graduate 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
  • 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


Patricia Lee Palmer Trust Loan Fund 

  • Available to single female physicians in any year of post graduate training
  • A resident physician may borrow up to a maximum of $3,000
  • Applicants must be U.S. citizens
  • The residency must be in an accredited program within the state of Texas


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


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