These loan funds were established by the Klinck family of McAllen, Texas, to benefit students in need of financial assistance. Emergency loans, for a maximum of $500 are available and must be paid back the same semester the loan is taken out. Long-term loans of up to $2,500 are available to pharmacy students who demonstrate financial need. The interest rate for these loans is 6 percent and will not accumulate while the student is enrolled in the PharmD program.
Repayment begins three months after the student is not enrolled in the Pharm.D. program OR graduation from pharmacy school. Monthly payments of at least $100 are required, and the maximum payment period is twenty-four months. Students may apply for more than one loan, but except in unusual circumstances the loans will total no more than $5,000.
Other loan funds. Other loan funds may be available to pharmacy students. Information about these loans is available from the Office of Student Affairs, Pharmacy Building 5.112.