Skip to main content
Hub

WV Medical Student Loan

WV Medical Student Loan Program

The West Virginia Medical Student Loan Program (MSLP) is a state-funded loan program that helps support future physicians who plan to practice in areas of greatest need throughout West Virginia.

Eligible WVU School of Medicine students may receive up to $20,000 per academic year to help cover educational expenses. Borrowers who meet the program's service requirements after completing residency may qualify for loan forgiveness.

Program Benefits

  • Borrow up to $20,000 per academic year.
  • 5% fixed interest rate during repayment.
  • No penalty for paying the loan off early.
  • Repayment begins after completion of medical school and eligible residency training, subject to the program's terms.
  • Opportunity to earn loan forgiveness through qualifying service in West Virginia.

Application Process

If you have questions about applying through WVU or the status of your application, please contact the WVU Hub.

Questions regarding qualifying service areas, physician shortage specialties, or loan forgiveness requirements should be directed to the West Virginia Higher Education Policy Commission.

  1. Step 1

    Contact the WVU Hub if you’re interested in the program by submitting an online assistance request indicating your interest in applying for the program.

  2. Step 2

    If you have not already done so, create an account on the StudentForms website. This ensures access to your requirements and email notifications to your MIX account when your documents for the next step are added.

    StudentForms Account webpage

    Once you have been notified, log in to your StudentForms account to complete necessary requirements.

  3. Step 3

    Complete the Master Promissory Note. If your application is approved after your documents are reviewed, you’ll receive instructions to complete a Master Promissory Note (MPN) through Heartland ECSI.

    It’s important to know that loan funds cannot be disbursed until all required documents have been completed.

Loan Repayment

Repayment generally begins after borrowers:

  • Graduate or otherwise cease full-time enrollment, which includes partially withdrawing from courses,
  • Complete an eligible residency training program, and
  • Subject to the program's grace period and deferment provisions.

Loan Forgiveness

One of the most valuable features of this program is the opportunity for loan forgiveness.

Borrowers may qualify to have their outstanding loan balance (principal and accrued interest) forgiven if, after completing your residency, they:

  • Practice full-time in West Virginia.
  • Work in a West Virginia Higher Education Policy Commission designated medically underserved area.
  • Practice in an approved medical specialty experiencing a physician shortage.

Eligible physicians may receive up to $20,000 in loan forgiveness for each 12 consecutive months of qualifying full-time practice, subject to program requirements and annual certification.

Students are encouraged to consider their long-term career plans before borrowing through this program.

Additional Information

The West Virginia Higher Education Policy Commission administers the Medical Student Loan Program and determines:

  • Approved medically underserved areas.
  • Eligible physician shortage specialties
  • Loan forgiveness eligibility requirements

For the most current program information, including approved practice locations and participating specialties, visit the West Virginia Higher Education Policy Commission Medical Student Loan Program website.