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Iowa City, Iowa 52242-2600
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The Carver College of Medicine has a number of endowment loan funds
to be used to assist students in financing their education. To be
eligible for these loans, students must have financial need greater than
$8,500 as calculated by the FAFSA and must provide parental income and
asset information on the FAFSA that demonstrates an expected parental
contribution of less than $25,000 for residents and $40,000 for
non-residents. The maximum yearly loan from each of the listed funds
varies yearly depending on available funds.
Interest-Free Loan Fund: The endowed loan fund listed below
provides interest free loans to needy medical students. It has a
standard repayment schedule of $100 per month beginning three years
after graduation until the loan is paid in full.
Deferred-Interest Loan Funds: The funds below charge 5% per annum
interest which begins accruing at repayment, three years after
graduation. They all have a standard repayment rate of $100 per month
plus interest beginning three years after graduation.
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