Private Federal Health Professional Loans

Health Professional Student Loans (HPSL), Loans for Disadvantaged Students (LDS) and Primary Care Loans (PCL) are low interest, long term federal loans made through the university to help health professional students. The Department of Health and Human Services under Titles VII and VIII of the Public Health Service Act administer these loans. The university and the federal government contribute funds to these loan programs as needed. When the borrowers repay the loan the money goes directly into the appropriate loan program. These funds are then redistributed to current students as new loans.

Interest Rate

The annual interest rate charged on the unpaid balance of these loans is 5%. The interest rate is stated in the borrower’s promissory note.

Grace Period

“Grace Period” is the period of time before the borrower must begin or resume repaying a loan. The grace period begins when you cease to be enrolled at least as a half-time student. The grace period for these loans is one year. Please refer to your promissory note for details.

Loan Repayment

Repayment of HPSL, LDS and PCL long-term loans begins when the grace period ends. At the time a borrower drops below half-time enrollment or leaves school, the University of Florida must conduct Exit Counseling, during which pertinent information and a repayment schedule are provided to the borrower. The repayment schedule contains the number of payments, interest rate, date of the first payment and frequency of payments. These loan payments are due on the first day of each month. Monthly payment amount depends on the amount borrowed. The repayment period may not exceed 10 years.