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
  • Students must apply through their medical school’s Financial Aid Office*
  • An in-person interview with a TMA Trustee is required
  • Upon approval, a check will be mailed directly to the student

TX A&M College of Medicine, TX Tech Univ HSC, UNTHSC @ Fort Worth, UTHSC @ Houston-McGovern Medical School, 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 $5,000
  • 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, 36 months on a $3,000 loan, or 48 months for loans of $4,000 and $5,000.
How to Apply

Resident physicians may apply for a loan through the Texas Medical Association and can obtain an application by clicking on the FORMS tab at the top of the page. 

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? Email TMA Loan Funds.