The Health Education Loan Program provides educational loans to Texas students enrolled in the following programs of study: medicine, osteopathy, dentistry, podiatry, veterinary medicine, pharmacy, public heath, nursing, and allied health.

ELIGIBILITY REQUIREMENTS

	Must be a permanent U.S. resident
	Must be eligible to pay resident tuition at a Texas public or independent institution of higher education
	Must be enrolled at least half-time in a course of study leading to a: doctor of medicine, osteopathy, dentistry, podiatry, or veterinary medicine degree; bachelor's or master of science degree in pharmacy; graduate degree in public health; or an associate's, bachelor's, or graduate degree in nursing or allied health
	Must meet the satisfactory academic progress requirements set by the institution
	Must have good credit standing or provide a cosigner who has good credit standing and meets other criteria

ANNUAL LOAN LIMITS

	Up to $12,500 per academic year or a lifetime total of $50,000 for students in pharmacy, public health, nursing, and allied health
	Up to $20,000 per academic year or a lifetime total of $80,000 for students in medicine, dentistry, osteopathy, podiatry, or veterinary medicine
	A 3% origination fee will be deducted from the proceeds of each loan if both the borrower and cosigner has a good credit standing
	A 5% origination fee will be deducted from the proceeds of each loan if either the borrower or cosigner, but not both has a good credit standing

COSIGNER ELIGIBILITY REQUIREMENTS

	Must be at least 21 years of age
	Must have a regular source of income
	May not be the borrower or the spouse of the borrower
	Must receive a favorable credit evaluation
	Must be a U.S. citizen and reside in the U.S. or in a U.S. territory

INTEREST RATE

OTHER FEATURES

	On-line application available
	No guarantee fees or insurance premiums
	Interest is not capitalized
	Loan(s) will not be sold to another lender
	THECB will service the loan from the time it is originated until it is paid in full
	Nine month grace period before repayment begins
	25-year repayment period, with minimum monthly payments of $50.00
	Postponements of loan repayment and income-sensitive or graduated repayment schedules available

Please apply online here.

For more information, review Coordinating Board Rules, Chapter 21, Subchapter C, and Texas Education Code, Chapter 52. You may also call our Loan Services department in Austin (512) 427-6340 or toll-free (outside Austin metro): 1-800-242-3062 or send an e-mail to Loan Services.