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.
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AMA - American Medical Association
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Program Number:
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11
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Grace period:
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9 mos.
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Interest Rate :
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5%
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Deferments:
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- 2-years Internship or Residency
- Unemployment
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Private
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Robert Wood Johnson-Dental
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Program Number:
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13
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Grace period:
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12 mos.
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Interest Rate:
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3%
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Deferments:
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- 2-years Internship or Residency
- 3-yrs Peace Corps
- 3-years Military
- Unemployment
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Private
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Robert Wood Johnson-Medical
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Program Number:
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14
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Grace period:
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12 mos.
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Interest Rate:
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3%
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Deferments:
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- 2-years Internship or Residency
- 3-yrs Peace Corps
- 3-years Military
- Unemployment
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Private
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Ellwood
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Program Number:
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15
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Grace period:
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12 mos.
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Interest Rate:
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5%
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Deferments:
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Unemployment
5 Years Internship or Residency
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Private
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Ella Kate/Wallace Ralston - Medical
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Program Number:
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16
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Grace period:
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12 mos.
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Interest Rate:
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7.5%
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Deferments:
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- 2 years Internship or Residency
- Unemployment
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Private
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Ella Kate/Wallace Ralston - Nursing
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Program Number:
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17
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Grace period:
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3 mos.
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Interest Rate:
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7.5%
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Deferments:
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Unemployment
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Private
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Nurse Faculty Loan
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Program Number:
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9
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Grace period:
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9 mos.
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Interest Rate:
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3% or Prevailing Market Rate
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Deferments:
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- 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
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Cancellations:
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- Up to 85% of loan may be cancelled with 4 years of
Full-time Nursing Faculty Employment
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Consolidation:
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Yes
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Health Professions - Medical
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Program Number:
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4
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Grace period:
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12 Months
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Interest Rate:
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12 Months
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Deferments:
(must attend Health Professions school to qualify for full-time study deferment)
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- Advance Training
- Full-time Study
- 3-years Military
- 2-years Fellowship
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Yes
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Health Professions - Dental
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Program Number:
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5
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Grace period:
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12 Months
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Interest Rate:
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5%
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Deferments:
(Must attend Health Professions
eligible school to qualify for
full-time study deferment)
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- Advance Training
- Full-time Study
- 3-years Military
- 2-years Fellowship
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Yes
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Nursing Student Loan - GRAD
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Program Number:
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3
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Grace period:
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9 Months
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Interest Rate:
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5%
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Deferments: (must attend nursing school to qualify for full-time study deferment)
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- 3-yrs Peace Corps/Military
- Enrollment Half/FT
- Advanced Training
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Yes
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Loans for Disadvantaged Students - Dental
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Program Number:
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7
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Grace period:
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12 mos.
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Interest Rate:
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5%
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Deferments:
(must attend Health Professions school to qualify for full-time study deferment)
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- Advance Training
- Full-time Study
- 3-years Military
- 2-years Fellowship
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Yes
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Loans for Disadvantaged Students - Medical
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Program Number:
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8
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Grace period:
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12 mos.
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Interest Rate:
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5%
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Deferments:
(must be attend Health Professions school
to qualify for full-time study deferment)
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- Advance Training
- Full-time Study
- 3-years Military
- 2-years Fellowship
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Cancellations:
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Death/Total Permanent Disability
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Consolidation:
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Yes
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Perkins (No longer disbursed after June 30, 2018)
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Program Number:
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97
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Grace period:
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9 months
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Interest Rate:
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5%
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Deferments:
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- Enrollment Full/Half
- Fellowship
- 3-yrs Hardship
- Rehabilitation
- Pre-cancellation
- 3-yrs Unemployment
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Cancellations:
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Death/Total Permanent Disability /*Service
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Consolidation:
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Yes
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*For eligible service options see promissory note.
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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
