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Loans-at-a-Glance

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Federal and Institutional Loans Administered by UTHealth

The purpose of the Loans at a Glance table is to provide a brief summary of the repayment terms associated with UTHealth's institutional loans as well as federally funded Department of Health and Human Services (DHHS) loans we manage. Upon graduation, it is imperative that you acquire information about your loan(s) in order to successfully manage your student debt. For information about repaying Subsidized and Unsubsidized Direct loans, please visit studentaid.gov and review your promissory note.

Select your loan from the list provided below; see promissory note for details.

AMA - American Medical Association

Program Number:

11

Grace period:

9 mos.

Interest Rate :

5%

Deferments:
  • 2-years Internship or Residency
  • Unemployment

Cancellations:

Death/Total Permanent Disability 

Consolidation:

Private

Robert Wood Johnson-Dental

Program Number:

13

Grace period:

12 mos.

Interest Rate:

3%

Deferments:
  • 2-years Internship or Residency
  • 3-yrs Peace Corps
  • 3-years Military
  • Unemployment

Cancellations:

Death/Total Permanent Disability 

Consolidation:

Private

Robert Wood Johnson-Medical

Program Number:

14

Grace period:

12 mos.

Interest Rate:

3%

Deferments:
  • 2-years Internship or Residency
  • 3-yrs Peace Corps
  • 3-years Military
  • Unemployment

Cancellations:

Death/Total Permanent Disability

Consolidation:

Private

Ellwood

Program Number:

15

Grace period:

12 mos.

Interest Rate:

5%

Deferments:

Unemployment

5 Years Internship or Residency

Cancellations:

Death/Total Permanent Disability 

Consolidation:

Private

Ella Kate/Wallace Ralston - Medical

Program Number:

16

Grace period:

12 mos.

Interest Rate:

7.5%

Deferments:
  • 2 years Internship or Residency 
  • Unemployment

Cancellations:

Death/Total Permanent Disability

Consolidation:

Private

Ella Kate/Wallace Ralston - Nursing

Program Number:

17

Grace period:

3 mos.

Interest Rate:

7.5%

Deferments:

Unemployment

Cancellations:

Death/Total Permanent Disability 

Consolidation:

Private

Nurse Faculty Loan

Program Number:

9

Grace period:

9 mos.

Interest Rate:

3% or Prevailing Market Rate

Deferments:
  • Up to 3 years if employed full-time and are pursuing a doctoral degree 
    in a graduate nursing education program 
  • Up to 3 years if ordered to active duty in a branch of a uniformed service

Cancellations:
  • Up to 85% of loan may be cancelled with 4 years of
    Full-time Nursing Faculty Employment

Consolidation:

Yes

Health Professions - Medical

Program Number:

4

Grace period:

 12 Months

Interest Rate:

 12 Months

Deferments:
(must attend Health Professions school to qualify for full-time study deferment)
  • Advance Training
  • Full-time Study
  • 3-years Military
  • 2-years Fellowship

Cancellations:

Death/Total Permanent Disability

Consolidation:

Yes

Health Professions - Dental

Program Number:

5

Grace period:

 12 Months

Interest Rate:

 5%

Deferments: 
(Must attend Health Professions
eligible school to qualify for
full-time study deferment) 
  • Advance Training
  • Full-time Study
  • 3-years Military
  • 2-years Fellowship

Cancellations:

Death/Total Permanent Disability

Consolidation:

Yes

Nursing Student Loan - GRAD

Program Number:

3

Grace period:

 9 Months

Interest Rate:

 5%

Deferments: (must attend nursing school to qualify for full-time study deferment) 
  • 3-yrs Peace Corps/Military
  • Enrollment Half/FT
  • Advanced Training

Cancellations:

Death/Total Permanent Disability

Consolidation:

Yes

Loans for Disadvantaged Students - Dental

Program Number:

7

Grace period:

12 mos.

Interest Rate:

5%

Deferments:
(must attend Health Professions school to qualify for full-time study deferment)
  • Advance Training
  • Full-time Study
  • 3-years Military
  • 2-years Fellowship

Cancellations:

Death/Total Permanent Disability

Consolidation:

Yes

Loans for Disadvantaged Students - Medical

Program Number:

8

Grace period:

12 mos.

Interest Rate:

5%

Deferments:
(must be attend Health Professions school
to qualify for full-time study deferment)
  • Advance Training
  • Full-time Study
  • 3-years Military
  • 2-years Fellowship

Cancellations:

Death/Total Permanent Disability 

Consolidation:

Yes

Perkins (No longer disbursed after June 30, 2018)

Program Number:

97

Grace period:

 9 months

Interest Rate:

 5%

Deferments:
  • Enrollment Full/Half
  • Fellowship
  • 3-yrs Hardship
  • Rehabilitation
  • Pre-cancellation
  • 3-yrs Unemployment

Cancellations:

Death/Total Permanent Disability /*Service

Consolidation:

Yes

*For eligible service options see promissory note.

For Subsidized and Unsubsidized Direct Loans, please visit the National Student Loan Data System (NSLDS) websites.

  • All institutional loans are eligible for in-school deferment only if the borrower is attending UTHealth at least half-time
  • Please contact the University regarding request for deferments that are not indicated above. Unemployment and Economic Hardship deferments are granted on a case by case bases
  • All loans not eligible for deferment must be repaid