Failure to serve

You will lose the beneficial repayment terms of the PCL funds if you:

• drop below half-time enrollment in a qualifying primary health care degree program or withdraw from school
• fail to fulfill your service obligation during repayment.

You will lose the one-year grace period and repayment begins immediately. Your interest rate will increase to 18 percent (for loans awarded after November 1998), or 12 percent (for loans awarded prior to November 1998) from the date that you withdraw from school or your qualifying service ends. If you have not yet completed your studies, these provisions will not take affect until the point the above adjustments are made and repayment begins.

In either circumstance, you may repay your loan balance in full prior to leaving school or graduation in order to avoid the penalties. For further information on the billing process and payment methods available, please see University-administered loan payments.