Financial Aid

Albert Strickler Memorial Fund

This fund distributes yearly, interest-free loans up to $5,000 to medical students, preferably of the Jewish faith, who demonstrate significant financial need. Loan recipients are asked to begin repayment of the loan within five years of graduation. Applications and information.  Application deadline: May 16th.

American Business Women's Association

Scholarships and loans are offered by ABWA through the Stephen Bufton Memorial Fund. Scholarships include the $3,000 President's Scholarship and the Glorine Tuohey Memorial Scholarship for $3,000, which are awarded annually. The $10,000 Ruth H. Bufton Scholarship is awarded each odd-numbered year; the $10,000 Hilary A. Bufton Jr. Scholarship is awarded each even-numbered year. Candidates for special scholarships need not be sponsored by a chapter and information about the scholarship is mailed to designated universities each year. More Information.  Application deadline: May 15.

American Medical Women's Association

AMWA honors the memory of Anne C. Carter, MD, with an annual award for outstanding student leadership. The recipient will receive $1000, and the nominating chapter, if applicable, will also receive $1000. The awardee must be present at the Awards Presentation Ceremony at AMWA's Annual Meeting in March.  Details can be found here.  Application deadline: October 31.

Samuel F. and Sara G. Feinman Fund

This fund is an interest-free loan ranging from $2,000-$5,000 for medical and law school students based on financial need. Preference is given to students who live in the Greater Philadelphia area and of the Jewish faith. Must be enrolled in an accredited local law or medical school. Repayment begins with five years of graduation. Application and Information.  Application deadline: May 16.

Bill Raskob Foundation

Eligible students may apply for interest-free loans if they are U.S. citizens in a fully accredited school. Applications are accepted from January 1-May 15. Applications may be downloaded from the Foundation's website at Bill Raskob Foundation.

Evalee C. Schwarz Charitable Trust for Education

Eligibility criteria for these interest-free loans are: US citizenship; qualified for financial need (must complete FAFSA); be enrolled in a school in the state in which the student resides; demonstrate academic excellence.  More Information.  Application deadline:  April 1.

National Association of Residents and Interns Loan Program

Fourth-year medical students may borrow up to $15,000 for one year. Interest rates are fixed or variable, and repayment options include interest-only payments for the first 24 months of the loan up to the first year of medical practice. Please visit website for more information.  

Alaska Student Loan Program

A variety of loans and repayment programs are available to Alaska residents who attend fully accredited graduate school. More Information.  

Edward Arthur Mellinger Educational Foundation (IL, IA)

The Foundation offers loans to graduate students at any accredited school in the US; however, first consideration is given to students from Western Illinois and Eastern Iowa. Loans are renewed yearly without reapplying. Repayment begins one year after graduation; interest rate is 5.5%.  More Information.    Application deadline:  May 1.

Emanuel Sternberger Educational Fund Scholarship (NC)

Medical students who are legal residents of the Triad region of North Carolina are eligible to apply for interest-free loans. Limit of $1000 for first year, and $2000 for remaining years, with a $5000 cap per individual. Personal interview with a Trustee required before acceptance. Repayment begins four months after graduation in monthly installments. Visit website for more information.  

Feild Co-operative Association Student Loan Program (MS)

Loans are available to Mississippi residents of good character who are enrolled in an accredited graduate program. Applicants must show need and promise of social and financial responsibility. Personal interviews are required to receive an application. Loans amounts up to $5,000 per year may be renewable. Payments on the principal are deferred until three months after graduation. Interest rate on amount borrowed is 6%.  More Information.

Foundation of the Pennsylvania Medical Society (PA)

Residents (for at least 12 months) of Pennsylvania may apply for loans up to $7,000 annually. Deferment up to 5 years during residency training, with a repayment period of 10 years at an interest rate that will not exceed 6%. Other eligibility criteria include US citizenship, full-time enrollment in a US medical school, and good credit record. More Information. Application deadline:  May 15.

Gabriel J. Brown Trust Loan Fund (ND)

The Fund sponsors a loan program for North Dakota residents who are in an accredited graduate program. Loan amounts vary with fund availability. Repayment begins one year after graduation at an interest rate of 5% per year.  More Information.   Application deadline:  June 1.

James W. Colgan Loan (MA)

One of many loans are available to Western Massachusetts residents and are interest free if repaid within the guidelines of Bank of America (formerly Fleet National Bank). Loans in the amount of $2,000 to $4,000 are awarded based on academic merit and financial need.  More Information.  Application deadline:  March 31.

Dr. Max and Ida Millman Foundation Scholarship Loan Program (MA)

Sponsored by the Hampden District Medical Society, the loan program offers $2,000 interest-free loans to students who are residents of Hampden County and enrolled in an accredited medical school. For an application, contact  MA Medical Society website.  Application deadline: September 15.

Morris County Medical Society Loan/Scholarship Fund (NJ)

Eligible students for these grants are residents of Morris County, NJ, and third or fourth year medical students in an accredited U.S. or Canadian medical school. The maximum amount available to a borrower is $2,000. Loans are interest free until repayment begins, which may be two years after establishment of practice or five years after medical school graduation. Applicant must obtain letters of reference from 2 members of the medical society and one from the Dean of the medical school stating that the applicant is not in academic jeopardy. See website for details.  

Norfolk District Medical Society Educational Loan Fund (MA)

Residents of Norfolk District Massachusetts are given preference for these $5,000 annual interest-free loans. Awarded to second or third year medical students.  Mass Med Website.  Application Deadline:  March 1.  

Oklahoma Physician Manpower Training Commission

The OMTC administers the Rural Education Scholarship Loan Program to Oklahoma residents, licensed in OK, and who agree to practice medicine in Oklahoma communities with population less than 7,500. Eligible applicants are enrolled or accepted into a medical school and plan a career in primary care medicine. Loan amounts are $25,000 for first year, and $35,000 for each year thereafter. More Information.

Samuel L. Abrams Foundation (PA)

Grants and interest-free loans are available to medical students who graduated from high schools in Harrisburg, Pennsylvania, metropolitan area. Applicants must be accepted into an accredited institution and must show initiative, desire for self-improvement, and financial need. Repayment begins three months after graduation and must be completed in a five-year period.  More Information.  Application deadline:  May 31.

Central Scholarship Bureau (MD)

Makes interest-free loans of up to $10,000 each year for no more than four years to meritorious students from Maryland whose families have adjusted gross incomes of less than $90,000. Contact: Central Scholarship website.   Application Deadline:  April 1.

Finance Authority of Maine Health Professions Loan Program (ME)

Maine Health Professions Loan Program is established to help allopathic and osteopathic students defray the costs of graduate education.  In addition to completing FAME's application, a student must be a resident of Maine for the purposes other than education for one year prior to matriculation at a qualified school, be admitted to a program of study leading to a MD, and demonstrate financial need.  Documents must be submitted by May 30.  Applications can be obtained on website.

Berkshire District Medical Society - Medical School Scholarship Loan (MA)

Loans for medical students who reside in Berkshire County, MA will be awarded to residents already accepted at an approved medical school in the United States or Canada.  Funds will be paid directly to the school of choice.  Recipients sign agreements pledging to begin repayment of the scholarship loan - unsecured and bearing no interest - the year of graduation, half the amount to be repaid in four years and the balance in two additional years.  Recipients are asked to consider serving residencies in Berkshire County hospitals. Awards range from $1,500 to $5,000.  April 1st Deadline.  Website.

Fellows Foundation, The J. Hugh and Earle W. (FL)

Educational loans available to applicants based on financial need, scholastic record and professional training at an accredited institution.  Deserving student must be a US citizen and a bona fide resident of Escambia, Santa Rose, Okaloosa, or Walton County, FL.  Loan amounts will be determined by need (not to exceed $160,000 for those seeking medical degrees) and are interest free until graduation. Favorable interest rates apply and have a 12 year maximum repayment.  See website for details.