[Code of Federal Regulations]

[Title 42, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 42CFR60.10]



[Page 323]

 

                         TITLE 42--PUBLIC HEALTH

 

    CHAPTER I--PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN 

                                SERVICES

 

PART 60_HEALTH EDUCATION ASSISTANCE LOAN PROGRAM--Table of Contents

 

                           Subpart C_The Loan

 

Sec. 60.10  How much can be borrowed?





    (a) Student borrower. An eligible student may borrow an amount to be 

used solely for expenses, as described in Sec. 60.5(g), incurred or to 

be incurred over a period of up to an academic year and disbursed in 

accordance with Sec. 60.33(f). The maximum amount he or she may receive 

for that period shall be determined by the school in accordance with 

Sec. 60.51(f) within the following limitations:

    (1) A student enrolled in a school of medicine, osteopathic 

medicine, dentistry, veterinary medicine, optometry or podiatric 

medicine may borrow up to $80,000 under this part. The amount received 

may not exceed $20,000 in any academic year.

    (2) A student enrolled in a school of public health, pharmacy, 

chiropractic, or a graduate program in health administration, clinical 

psychology, or allied health may borrow up to $50,000 under this part. 

The amount received may not exceed $12,500 per academic year.

    (3) For purposes of this paragraph, an academic year means the 

traditional approximately 9-month September-to-June annual session. For 

the purpose of computing academic year equivalents for students who, 

during a 12-month period, attend for a longer period than the 

traditional academic year, the academic year will be considered to be 9 

months in length.

    (4) The student's estimated cost of attendance shall not exceed the 

estimated cost of attendance of all students in like circumstances 

pursuing a similar curriculum at that school.

    (b) Non-student borrower. An eligible nonstudent may borrow amounts 

under this authority with the following restrictions:

    (1) In no case may an eligible nonstudent borrower receive a loan 

that is greater than the sum of the HEAL insurance premium plus the 

interest that is expected to accrue and must be paid on the borrower's 

HEAL loans during the period for which the new loan is intended.

    (2) An eligible nonstudent in the field of medicine, ostepathic 

medicine, dentistry, veterinary medicine, optometry, or podiatric 

medicine may borrow up to $80,000 under this part including loans 

obtained while the borrower was a student. The loan amount may not 

exceed $20,000 in any 12-month period.

    (3) An eligible nonstudent in the field of pharmacy, public health, 

chiropractic, health administration, or clinical psychology may borrow 

up to $50,000 under this part including loans obtained while the 

borrower was a student. The loan amount received under this part may not 

exceed $12,500 in any 12-month period.



[48 FR 38988, Aug. 26, 1983, as amended at 51 FR 30644, Aug. 28, 1986; 

52 FR 746, Jan. 8, 1987; 57 FR 28794, June 29, 1992]