Last week, many medical students crossed the next hurdle toward completing their medical education by receiving their residency match. To help offset the costs of ongoing medical training, the Texas Medical Association offers low-interest loans for relocating to your residency program.
Jordan McKinney, MD, a first-year resident at the University of Florida College of Medicine in Jacksonville secured a loan when he relocated last year from Texas Tech University Health Sciences Center School of Medicine in Lubbock.
“I remember being excited that my hard work paid off, and I was going to be an OB/Gyn,” Dr. McKinney recalled. “However, the ability to afford a 1,337-mile move across several state lines to join my dream program proved to be a challenge economically. Thankfully, I received an affordable TMA loan that allowed me to move without posing an additional financial burden on my parents."
TMA’s medical student loan programs offer up to $6,000 at a fixed 4.4% interest to students currently enrolled in a Texas medical school. Several loan funds support TMA’s programs.
Find more information, including application instructions, on the TMA website. If you have questions, contact TMA via email.
Physicians who will complete their residency training in a Texas accredited program also can take advantage of resident physician loans offered by TMA.
Last Updated On
September 16, 2022
Originally Published On
March 25, 2021