Going Into the Health Profession? What to Know About Heal Loans

doctor The Health Assistance Loan Program (HEAL) provided insurance for lenders participating in the student loan program and lending money to students in medical and healthcare related fields. HEAL was an active program from 1978 until 1998.

The Health Professions Student Loan (HPSL) program currently provides student loans to qualifying borrowers obtaining a degree in certain medical fields. This type of loan has a low interest rate, which is currently 5%. The interest on a HPSL loan is calculated on the unpaid principal balance and it does not accrue during grace periods.

You must be enrolled in school full-time and establish financial need in order to qualify for the HPSL program. All financial resources available to the borrower (including their parents' income) will be considered in determining financial need. The reasonable costs necessary for your to attend school will also be considered. The HPSL program extends loans to students pursuing a degree in medical fields such as dentistry, optometry, pharmacy, podiatry and veterinary medicine.

The federal government funds a HPSL loan, but the school where you attend will be responsible for administering the program as required under the law and certain guidelines issued by the Department of Health and Human Services.

If you are interested in learning more about the HPSL program or you need assistance with other student loan law matters, please contact us.

Please keep in mind that every matter is different. If you have questions about your student loan debt and you would like to schedule a no-cost consultation to discuss your options, please contact our office by completing the form on this website or calling us at (954) 932-5377


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