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Annual Percentage Rate:


Initial Grace Period

12 months
Post Deferment Grace Period None
Repayment Period 10 Years

Service Obligation:

  • You must enter a residency training program in family medicine, internal medicine, pediatrics, combined/pediatrics, preventative medicing or osteopathic general practice.
  • You must complete your residency program within four years of graduation.
  • You must practice in primary care until your loan is paid in full.
  • If you do not comply with the service obligations, the outstanding balance of your loan will be calculated at an annual percentage rate of 18%. You must complete the Post-residency Certification Form for Primary Care Loan Recipients, and submit it to the Loan Servicing Office on an annual basis.

Deferment Types:
(Please refer to your promissory note for detailed information)

  1. Eligible primary care health care residency program (maximum deferment is 4 years)
  2. Peace Corp Volunteer (maximum deferment is 3 years)
  3. Full-time active duty in the uniform services practicing in an eligible primary health care activity (maximum deferement is 3 years)
  4. Periods of advanced professional training in primary health care