Health Professions Student Loan
Terms / limits
All loans made on or after November 4, 1988, carry a uniform interest rate of 5 percent per year. For interest rates on loans made prior to November 4, 1988, consult your promissory note.
Repayment and interest begin one year after you graduate, terminate your enrollment, or your enrollment drops below half-time status. The total amount of loan support received under this program, plus accrued interest, is repayable over a maximum 10-year period that begins immediately after the 12-month grace period expires.
There is no aggregate maximum loan limit for the HPSL program. Annual loan amounts are limited by the cost of tuition and fees, and by fund availability.
