Loan Fund Programs

Application forms for financial assistance are forwarded by the Office of Student Financial Aid to all students receiving an appointment to the School of Medicine. One should not apply for financial aid until an official letter of acceptance has been received.

The following is a list of loan fund programs offered to School of Medicine students.

• American Medical Association-Educational Research Foundation loan program is a source for loans to medical students, interns and residents. Students are eligible to apply for loans upon the successful completion of two or more quarters of medical school.
• Idalou Bagley Memorial Cancer Educational Loan Fund was established by Clara Bagley in memory of her sister, Idalou Bagley. Recipients should be in their fourth year of medical school and display an interest in cancer research or cancer diagnosis and treatment.
• Ulva H. Bernard Unitrust Loan Fund provides loans to junior and senior medical students who demonstrate financial need.
• Federal-State Loan Programs, in which the Medical Center participates, are governed by the board of trustees of Mississippi Institutions of Higher Learning. The Mississippi Office of Student Financial Aid is responsible for the administration of all state-funded financial aid programs, including grants, scholarships and loans. These funds assist Mississippi residents in pursuit of their educational and professional goals. Several programs are designated to provide financial assistance to medical students and are administered through UMMC's Division of Student Services and Records.
• Googe Memorial Medical Loan Fund was established in 1979 by the family of the late Dr. and Mrs. George W. Googe of Rienzi. Dr. Googe practiced medicine in northeast Mississippi for more than 50 years. Students who have successfully completed at least two quarters in medical school may apply. Applicants must show evidence of financial need and be in good academic standing. Preference is given to applicants from Alcorn and Prentiss counties.
• Billy S. Guyton, M.D., Memorial Medical Education Loan Fund, established in 1971, is sponsored by the School of Medicine, Mississippi Medical Association and the Medical Alumni Chapter of the University of Mississippi Alumni Association. Native Mississippians in the sophomore, junior and senior classes of the School of Medicine are eligible to apply.
• Hartsfield Memorial Loan Fund was established in memory of the brother of Mrs. Clyde Little Nolan. It provides small and immediate loans to deserving medical students.
• Robert Wood Johnson Loan Fund, made possible by the Robert Wood Johnson Foundation, provides low-interest loans to medical students who show evidence of financial need.
• Kellogg Loan Fund was established in 1942 by the W.K. Kellogg Foundation to provide loans for assistance to medical students.
• Levine Loan Fund, established by the late Dr. Julius Levine, is available to junior and senior medical students who are native Mississippians and who show evidence of financial need.
• George C. and Laura B. McKinstry Scholarship/Loan Fund was established in 1973 by Dr. McKinstry in memory of his father and mother to provide low-interest loans to needy students in the School of Medicine and graduate programs.
• Medical Students' Wives Auxiliary Student Aid Fund was established by the auxiliary to provide short-term loans to medical students.
• Edward A. Mellinger Education Foundation Loan Fund is available to medical students. Address inquiries to Edward A. Mellinger Educational Foundation, Inc., Professional Building, 1025 E. Broadway, P.O. Box 278, Monmouth, Illinois 61462.
• Mississippi State Medical Educational Scholarship Loan Program was established by the state legislature. Loans are available to Mississippians accepted by the School of Medicine who plan to pursue post-graduate education in family medicine, pediatrics, obstetrics-gynecology or internal medicine, and who sign contracts obligating them to return to Mississippi. Interested students should address written inquiries to Loan Program, Board of Trustees, Institutions of Higher Learning, 3825 Ridgewood Road, Jackson, MS 39211-6453.
• R. J. Nichols Loan Fund was established in memory of Dr. Nichols to provide loans to medical students who demonstrate financial need and academic promise.
• J.K. Oates Loan Fund was established in 1957 in honor of Dr. Oates  and provide loans to worthy medical students.
• G. D. Shands Memorial Loan Fund was established in 1943 by Dr. and Mrs. Paul Hill Saunders in memory of Mrs. Saunders' father, Lt. Gov. Garvin D. Shands, who for many years was dean of the University of Mississippi School of Law. This fund exists for the benefit of medical students.
• Elizabeth N. Waites Scholarship Fund provides loans to medical students who show evidence of financial need.
• Walter R. Wallace Memorial Fund was established in 1956 by Dr. James A. Wallace in memory of his father, Dr. Walter R. Wallace, a native Mississippian. Loans are available on the basis of need to students in the School of Medicine.