Private Loan Options

Private education loans are alternative sources of student financial assistance.  You should contact our office to determine your eligibility for federal student aid (FSA) or other assistance as the terms and conditions of an FSA loan maybe more favorable than the provisions of private education loans.

Eligibility for a private loan is based on the applicant’s credit rating and a co-signer may be required.  Important note:  The total amount of financial assistance received from all sources, including the private loan (excluding residency and relocation loans), cannot exceed the student’s cost of attendance.

Students may apply for a private loan if they

  • do not qualify for federal financial aid; or
  • need additional financial aid resources to meet the cost of attendance.

You may pursue a private education loan from any lender you choose.  UAMS does not offer a preferred lender list.  If you have questions regarding Private Loans, please contact our office at (501) 686-5451.

Residency and Relocation Loans

Available to 4th year College of Medicine students only, this loan is designed to help with costs associated with residency and relocation expenses.  This loan does not count as part of your financial aid package.

Personal Loan Options

Physician Student Loans:  Special Loan for Graduating Medical Students – This is an unsecured personal loan with a maximum amount of $20,000.

  • Many graduating medical students find the transition from medical school to residency to be financially difficult.  This loan does not require payments for 3 years, does not charge origination fees and offers attractive rates based on credit scores.  The CATCH? It is only available to graduating medical students who apply for and are approved PRIOR to graduation day at their respective school.  More details can be found at or by going to and clicking on the box on the right labeled Graduation Loan.

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