Foundation Information

Missouri State Medical Foundation Mission

To provide ongoing support for medical school education in a manner respectful of environmental pressure; promote the practice of medicine in Missouri; and assist in the promotion of the Missouri State Medical Association.

Missouri State Medical Foundation Loans and Scholarships

Even before medical students begin to practice medicine, they face significant financial decisions: arranging loans and scholarships for medical school. The Missouri State Medical Foundation helps MSMA medical students focus on their education, not their expenses.

Loan Program
The Missouri State Medical Foundation loan program, created by the Missouri State Medical Association in 1960, is designed to provide Missouri medical school students additional loan opportunities, offering access to low interest, no-fee loans to help finance expenses associated with a medical education.

On-Line Foundation Loan Application

Helping Students
To date, more than 1,500 Missouri medical students have benefitted from more than $10,000,000 in Foundation loans.

Loan Process
MSMF helps fund medical education, including tuition, fees, books, equipment needed for medical education, and necessary living expenses while at the school. MSMF also helps fund costs incurred during residency interviews and relocation with low interest, no-fee loans. Two important differences separate the MSMF from other loan programs: the MSMF offers fixed-rate loans and has no fees.

MSMA Scholarships
Funded by the Foundation, scholarships are presented each year to first-year medical students who have graduated from a Missouri high school and are in financial need. There is no application form for this program; recipients are chosen by each of the four allopathic schools of medicine in Missouri.

Component Society Scholarships
Your MSM Foundation is promoting local medical school scholarship funds by matching money set aside by local medical societies. Four medical societies have authorized the establishment of their own funds. Four more local societies are working with their membership to launch their fund. Any local medical society may apply for scholarship matching funds up to $5,000 from the Foundation.

The board of the Missouri State Medical Foundation recently authorized this pilot program to continue beyond 2008. The Foundation began making medical school student loans in 1961 and has loaned more than $10 million to Missouri medical school students.
 

Eligibility for a Missouri State Medical Foundation Loan

• All borrowers must be a registered full-time student in an accredited school of medicine in the United States, working toward an MD or DO degree.
   

• Borrowers must be a graduate of a Missouri high school, have completed two years of medical school, and be a member of the Missouri State Medical Association Medical Student Section. Cost $8.00 per year. Join Now!
   

• Loans will be granted by the Missouri State Medical Foundation on the basis of financial need of the student and with due consideration of the student’s background, academic achievement, and credit record. Decisions of the Foundation in granting loans will be final.
   

• Loans will be made for any worthy purpose directly connected with the furtherance of the student’s medical education, including tuition, fees, books, equipment needed for medical education, and necessary living expenses while in residence at the school. Interest on this loan will not be tax deductible.
   

• The maximum loan for any student for any one school year will be $12,500.
   

• The Foundation requires a parent or spouse to co-sign the promissory note.
   

• Proceeds of the loan will be paid to the student for disbursement.
   

• The loan has a 7.30 % fixed interest rate.
   

• Payment of interest will be due during residency, however, repayment on the principal balance is deferred for five years. Following completion of residency, a physician has ten years in which to repay the principal balance. Interest is not capitalized.

Questions or change of address can be sent to Pat Mills, MSMF Executive Director.

Donations to the Missouri State Medical Foundation may be sent to: PO Box 1028, Jefferson City, MO 65102.