AIR FORCE FINANCIAL ASSISTANCE PROGRAM for residency

For more information contact Cleon Peoples at (304) 599-9240 or at cleon.peoples@rs.af.mil See brochures in Financial Aid Office.

THE BAYER FELLOWSHIP PROGRAM

Grants are available for clinical, basic science, and economic (cost-effectiveness) aspects of transfusion and blood conservation.  Two $25,000 grants are available for new proposals, and $30,000 is available for grant extensions to previous recipients.  Applicants must be residents, fellows, or junior faculty in US institutions who have been in academic staff positions for no longer than 4 years.  Contact the Bayer Fellowship Program at (201)703-6100 to request an application.  For more information, visit the Bayer web site at www.trasylol.com.

EMERSON D. FARLEY, JR. M.D. RESIDENT SCHOLARSHIP

This endowment shall provide scholarship awards above and beyond the provided stipend for residents who are completing their training in Rural Medicine.  Recipients shall have demonstrated clinical excellence, commitment to rural practice and financial need.  Selected students should intend to practice in underserved areas of WV and be citizens of the US as allowed by law.  First consideration should be given to students who have been awarded the "West Virginia Rural Health Partnership" scholarship during their fourth year in the WVU School of Medicine.  A student who is a recipient in one year is eligible for consideration in any succeeding year.  Contact Dr. Mitch Jacques at the Eastern Medical Campus at (304) 264-9202 or mjacques@hsc.wvu.edu for more information.

FINANCIAL INCENTIVES

West Virginia financial incentives target primary care disciplines and rural practices, and include scholarships, loan repayment, loan forgiveness and fellowships.  Eligibility requirements, benefits, obligations and application procedures vary, but they all offer students, residents and practicing primary care providers a unique opportunity to experience the challenges and rewards of rural practice in WV.  For additional information click here.

NATIONAL HEALTH SERVICE CORPS SCHOLARSHIP PROGRAM RURAL HOSPTIAL RESIDENCY SCHOLARSHIP PROGRAM

Eighteen rural hospitals in West Virginia currently offer scholarships to physicians in residency training in exchange for a commitment to practice in the community served by the hospital upon completion of training.  Generally, scholarships of $10,000 per year are offered for each year of practice in the community.  If the service obligation is not met, the physician must repay the scholarship with interest.  For more information contact:  Jill McDaniel, West Virginia Hospital Association, 600D Street, Second Level, South Charleston, WV  25302.  Phone:  304/344-9744
 

AMSA-SENIOR MEDICAL STUDENT PERSONAL LOAN PROGRAM

The American Medical Association will lend a senior medical student $5000, $6500 or $8000 to help members during their transition to residency programs.  For information and/or an application contact:  AMSA Membership Services, 1910 Association Drive, Reston, VA  22091 or phone (703) 620-6600.

Senior medical students may borrow           $  5,000
Medical student may borrow                       $10,000
Residents may borrow                                $10,000 - $25,000
Practicing Physicians may borrow               $35,000 - $60,000
 

PROGRAM (CREDIT RESERVE)
U.S. MEDICAL STUDENT ADVISORY ASSOCIATION LOAN

Loans of $5000-$8000 are available to all students.  Matched seniors may borrow up to $15,000.  Offers a line of credit at 14.9% interest.  For information call 1-800-223-7076.
 

APAA - NARI LOAN PROGRAM

This loan program is sponsored by the American Professional Assocation of Residents and Interns and is available to senior medical students, residents, interns and physicians entering or establishing a practice.  Interest rate is variable and depends on the amount borrowed.  For more information, visit their website or call 1-800-221-2168.
 

RIDINGS RESOURCE GROUP, INC.

This group provides funding for interns and residents as well as established physicians.  No collateral is required and loans range from $5000 to $60,000.  The borrower has up to 6 years to repay.  Applications and/or additional information can be obtained from Ridings Resource Group, Ltdl, Suite 51-621 Park City Center, Lancaster, PA  17601.  Phone 1-800-331-4952.
 

USPFG

United States Professional Financial Group provides a loan program for senior medical students with no security required.  15.95% simple interest will be charged on your principal balance.  Applications may be requested by calling 1-800-333-9183.
 

RESIDENCY TRAINING LOANS OF THE SOUTHERN MEDICAL ASSOCIATION

Loan funds are available to allow a physician to complete a chosen number of years of training or in order to apply for additional special education.  The maximum loan available is $2400.  The interest rate charged shall be 7% or the current interest rate charged for FHA Loans, whichever is less.  Official application forms may be secured from the Executive Vice-President, Southern Medical Association, 35 Lakeshore Drive, P.O. Box 19088, Birmingham, Alabama 35219-0088.

UNSECURED LOAN PROGRAM

This is an alternative loan program offered to medical, dental and osteopathic students as well as interns and residents.  For additional information or to apply online, visit their web site at http://nari-assn.com/loans.html.  Questions regarding the program may be directed to NARI at (800)221-2168 ext 5.
 

OTHER LOAN OPPORTUNITIES

There are several commercial or privately financed loans for 4th year medical students who need funds for relocation or travel expenses.  Amounts and interest rates vary depending on the lending agency.  Check with the Financial Aid Office for more information and/or an application.

Click here for information regarding Loan Repayment Programs.