PCOM Alumni Association Loan

The PCOM Alumni Association Loan is no longer offered by the College as of fall 2018!

Awarding

• The loan was offered to 2nd-year and higher year graduate and medical students who demonstrated financial need and were in good academic standing.

Amount

• The annual loan amount was $3,000 per academic year.
• The lifetime aggregate borrowing limit was $6,000.

Rates and Fees

• 5.0% fixed interest rate. Does not accrue interest while student is enrolled.
• No loan disbursements fees.
  
  

• PCOM uses Heartland ECSI, a third party loan servicing company, to service the Alumni Association loan. Borrowers should visit ECSI's website for repayment and other inquires.
  • After the first disbursement of the Alumni Association Loan, borrowers should have received an email (to their PCOM email accounts) from ECSI with instructions in to login and register to the ECSI website.
  • It is very important to register on ECSI's website so borrowers can review the disclosure statement and monitor the Alumni Association Loan upon repayment.
• Repayment begins on June 30, one year after graduation.