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School of Medicine


There are a number of loans available. Medical students also have the option of exploring armed services scholarships and loans. These awards are typically repaid with military service. 


Federal Perkins Loan 

A long-term, low interest, campus-based loan based on exceptional financial need. The annual award may not exceed $6,000 with an aggregate total of $40,000. For new borrowers repayment with interest of 5% begins nine months after graduation or the date enrollment drops below half-time. Deferment or forbearance during residency is based on eligibility at the time. The lender is the University of South Carolina.


Federal Stafford Loan (unsubsized)

The Federal Direct Stafford Loan program offers low-interest unsubsidized loans to graduate and professional students. Eligibility is determined by completing the FAFSA. The interest is a fixed rate and loan repayment begins six months after graduation or when a student drops below half-time enrollment.


Federal Direct Graduate Plus Loan

PLUS-Loans are low-interest, federally insured loans made available to graduate and professional students. Students must first apply for a Stafford Loan. Students can borrow the cost of attendance minus any other aid received. To receive funds students must be enrolled in a minimum of six hours per semester. PLUS loans are based on the credit-worthiness of the applicant. The lender, not the University, makes a credit check. If a graduate student is denied a PLUS due to credit issues, they may seek the assistance of a credit-worthy co-borrower.


Super Primary Care Loan (SPCL)

This is a PCL that is awarded for the sole purpose of repaying a higher interest loan. Awards from this program are generally awarded to students who have successfully matched in a primary care residency.


Armed Forces Health Professions Scholarship (Army, Air Force, Navy)

Tuition and fees paid; additional amount for reasonable educational expenses and a monthly stipend of approximately $1,185. Must serve in military for 1 year for each year of aid received.

For more information contact the Office of Student and Career Services at 803-216-3629 or


National Health Service Corps Scholarship (NHSC)

Dependent upon funding from the federal government,  the full scholarship includes tuition and fees, books, supplies and equipment and a monthly living stipend. Requires serving a minimum commitment of 2 years in an underserved area of the United States and begins upon completion of residency or training. Application is due the last Friday in March.


Student Services Emergency Loan Fund

Emergency loans are given for various amounts, dependent upon funds available. All loans are interest free for 60 days and must be repaid within 90 days.

For more information contact the Office of Student and Career Services at 803-216-3629 or