Low Interest Student Loans Database | PCOM Financial Aid
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Low Interest Student Loans

Nonprofit organizations, health and osteopathic foundations offer low interest student loan programs for medical and graduate students. Some of these programs offer forgivable or zero interest student loans as well.

Organizations provide low interest medical and graduate student loans in order to serve their missions such as encouraging healthcare providers to practice in a certain region or providing health services to underserved communities. These third party loan programs may offer numerous advantages over private and federal student loan programs including lower interest rates, forgiveness opportunities and more.

Research low interest loans carefully

It is important to research all the terms and conditions of third party loan programs such as eligibility requirements, interest rates, origination fees, repayment periods, grace periods, stipulations to maintain the terms of the agreement, forgiveness, death/disability discharge as well as yearly and aggregate limits.

Use our database to find low interest and forgivable student loan programs from third party foundations and organizations. We recommend viewing this database on a laptop or desktop computer as there will be more search and filtering options available.

Third Party Student Loan Database

Loan Loan Type Eligible Program(s) Main Criteria Description Website tags
Loan Description Website tags
Berkshire District Medical Society Interest free loan DO Resident of Massachusetts

The Berkshire District Medical Society provides a scholarship loan for medical students who are residents of Berkshire County, Massachusetts and accepted at an approved medical school in the United States or Canada. Recipients sign agreements pledging to begin repayment of the scholarship loan—unsecured and bearing no interest—the year of graduation, half of the amount to be repaid in four years and the balance in two additional years.

For more information, contact:

Berkshire District Medical Society
741 North St.
Pittsfield, MA

Susan Poulin, Project Specialist


Central Scholarship Bureau Interest free loan All programs Resident of Maryland

The Central Scholarship Bureau (CSB) is a non-profit, privately funded organization that helps post-secondary students with financial aid to support their college, professional or vocational goals. To be eligible for funding, applicants must be an established resident of one of the following jurisdictions in the State of Maryland: Baltimore City, Baltimore County, Anne Arundel County, Carroll County, Hartford County, or Howard County. Applicants must also be in good academic standing at an accredited institution, meet income guidelines and have applied for all possible sources of financial aid.


Community Foundation of Western Massachusetts Interest free loan All programs Resident of Massachusetts

The Community Foundation of Western Massachusetts administers over 70 endowment funds designated for scholarships and loans for students from the region attending an accredited institution.

Counties include: Franklin, MA; Hampshire, MA; Hampden, MA; Berkshire, MA; Hartford, CT


Dollars for Scholars of Lancaster County Interest free loan All programs Pennsylvania residency

The Dollars for Scholars of Lancaster County (formerly Citizens Scholarship Foundation of Lancaster County) offers an interest free student loan program to deserving Lancaster County residents attending an accredited institution. Applicants must be a graduate of a high school located in Lancaster County, Pennsylvania and demonstrate financial need.


Hoover Educational Loan Fund Low interest loan All programs Financial need

The George W. Hoover and Anne A. Hoover Educational Loan Fund was established to help needy students who might not otherwise be able to attend college. Applicants must be full time students.

Contact the foundation for further information:

Hoover Educational Loan Fund
Omega Bank Wealth Management
2 South Market Street, PO Box 57
Selinsgrove, PA 17870


Indian Health Services Loan Repayment Program Low interest loan Doctoral programs Service obligation

The mission of the Indian Health Service (IHS) is to raise the physical, mental, social and spiritual health of American Indians and Alaska Natives to the highest level. The IHS LRP was created to support this mission by providing health professionals the financial freedom to fulfill career goals. The IHS LRP awards up to $20,000 per year for the repayment of qualified student loans in exchange for an initial two-year service obligation to practice full time at an Indian health program site.


native american, physician assistant, psychology, pharmacist, osteopathic medicine, pharmacy, pharmd, do
International College of Surgeons Dr. Max Thorek Student Loan Fund Low interest loan DO Medical school enrollment

The International College of Surgeons offers the Max Thorek Student Loan Fund, which is a revolving loan program available to medical students and surgical residents in training in amounts of up to $10,000 per recipient.


osteopathic medicine
Motyka Dannin Foundation (MDF) Scholarship Forgivable loan DO Resident of Indiana

The advocates to the Indiana Association of Osteopathic Physicians and Surgeons established this foundation to generate funds for loans to Indiana students in osteopathic medical schools accredited by the American Osteopathic Association (AOA). Loans are awarded to first and second year medical students from Indiana who plan to practice in Indiana upon completion of training. The loan is forgiven if the student practices in Indiana and interest accrues only if the recipient does not practice in Indiana.


DO1, DO2, 1st, 2nd, IN
National Health Service Corps Loan Repayment Program Low interest loan Doctoral programs Service obligation

The goal of the National Health Service Corps (NHSC) is to expand access to health care services and improve the health of people who live in urban and rural areas where health care is scarce. The NHSC Loan Repayment Program recruits fully-trained primary health care professionals to underserved populations located in selected Health Professional Shortage Areas (HPSAs). In return for service, the program assists clinicians in their repayment of up to $60,000 in outstanding qualifying educational loans.

Learn more about Health Resources and Services Administration (HRSA) student loans and NHSC programs.


physician assistant, psychology, pharmacist, osteopathic medicine, pharmacy, pharmd, do
Ohio Osteopathic Foundation Low interest loan DO Resident of Ohio

The Ohio Osteopathic Foundation offers a Student Tuition Loan Program for students who are residents of the state of Ohio and enrolled in an accredited osteopathic medical college. Applicants must have financial need and maintain a passing grade point average.


osteopathic medicine, OH
PAMED Medical Student Loan Low interest loan DO Resident of Pennsylvania

To ease the stress of funding a medical education, The Foundation of the Pennsylvania Medical Society offers affordable loans with personalized customer service to Pennsylvania residents enrolled in a fully accredited medical school in Pennsylvania.

Benefits include individual loans up to $10,000, low interest rates and no loan fees.

For more information email the PCOM Financial Aid Office at finaid@pcom.edu.


Physicians for Rural Areas Assistance Program (Georgia) Low interest loan DO Service obligation

The Physicians for Rural Areas Assistance Program pays medical education student loan debt for physicians who agree to practice medicine full time in a rural community in Georgia. The program provides up to $25,000 a year in student loan repayment in return for a 12-month commitment to practice in a rural community. Recipients may receive a maximum of four loans and a maximum total student loan repayment of $100,000.


GA, osteopathic medicine
Samuel Lemberg Scholarship Loan Fund, Inc. Interest free loan All programs Jewish background

The Samuel Lemberg Scholarship Loan Fund provides interest free loans to aid Jewish undergraduate and graduate college students who exhibit exceptional academic achievement and face financial difficulties pursuing higher education. These loans must be repaid within ten years of graduation or withdrawal.

Samuel Lemberg Scholarship Loan Fund

jewish, judaism
Scholarship Foundation of St. Louis Interest free loan All programs Resident of Missouri or Illinois

The Scholarship Foundation of St. Louis operates a revolving loan program providing interest free loans to post secondary students with financial need. Applicants must be U.S. citizens or permanent residents of the United States, and must have resided in one of the following areas two years prior to making application:

Missouri - Counties of St. Louis City, St. Louis, Franklin, Jefferson, Lincoln, St. Charles or Warren.

Illinois - Counties of Madison, Jersey, Monroe, Clinton or St. Clair.


State Loan Repayment Programs Loan repayment assistance Doctoral programs Service obligation

The State Loan Repayment Program (SLRP) is a federally-funded grant program to states and territories that provides cost sharing grants to assist them in operating their own state educational loan repayment programs for primary care providers working in Health Professional Shortage Areas (HPSAs) within their state.

The State Loan Repayment Program (SLRP) does not provide loan repayment directly to individual health professionals, and not all states offer SLRP. State loan repayment programs vary from state to state and may differ in eligible disciplines, practice sites, length of required service commitment and the amount of loan repayment awards offered.

Providers interested in obtaining information about their state’s educational loan repayment program must contact their individual state loan repayment program point of contact for information about eligibility and requirements.


physician assistant, psychology, pharmacist, osteopathic medicine, pharmacy, pharmd, do
Students to Service Loan Repayment Program Loan repayment assistance DO Service obligation

The Students to Service Loan Repayment Program (S2S LRP) provides loan repayment assistance to medical students (MD and DO) in their last year of school, in return for a commitment to provide primary health care services in eligible Health Professional Shortage Areas (HPSAs) of greatest need.


osteopathic medicine
Washington Osteopathic Foundation Low interest loan DO Resident of Washington

The Washington Osteopathic Foundation offers a loan program for students in osteopathic training who are residents of Washington State and have completed six months at an accredited osteopathic medical college. Applicants must agree to practice for three years in the state of Washington, commencing within 30 days of completion of internship and/or residency.


osteopathic medicine, wa