News & Announcements

Going into the Health Profession? What to know about HEAL Loans

June 12, 2017 | Category: Student Loan Debt

The Health Assistance Loan Program (HEAL) provided insurance for lenders participating in the student loan program and lending money to students in medical and healthcare related fields. HEAL was an active program from 1978 until 1998.

The Health Professions Student Loan (HPSL) program currently provides student loans to qualifying borrowers obtaining a degree in certain medical fields. This type of loan has a low interest rate, which is currently 5%. The interest on a HPSL loan is calculated on the unpaid principal balance and it does not accrue during grace periods.

You must be enrolled in school full-time and establish financial need in order to qualify for the HPSL program. All financial resources available to the borrower (including their parents' income) will be considered in determining financial need. The reasonable costs necessary for your to attend school will also be considered. The HPSL program extends loans to students pursuing a degree in medical fields such as dentistry, optometry, pharmacy, podiatry and veterinary medicine.

The federal government funds a HPSL loan, but the school where you attend will be responsible for administering the program as required under the law and certain guidelines issued by the Department of Health and Human Services.

If you are interested in learning more about the HPSL program or you need assistance with other student loan law matters, please contact us.

Please keep in mind that every matter is different. If you have questions about your student loan debt and you would like to schedule a no-cost consultation to discuss your options, please contact our office by completing the form on this website, calling us at 954-920-5355, or emailing us at

Leiderman Shelomith Alexander + Somodevilla, PLLC

Fort Lauderdale

2699 Stirling Road, Suite C401
Fort Lauderdale, FL 33312

T. 954-920-5355 | F. 954-920-5371


2 South Biscayne Blvd, Suite 2300
Miami, FL 33131

T. 305-894-6163 | F. 305-503-9447

© 2019 Leiderman Shelomith Alexander + Somodevilla, PLLC. All Rights Reserved. | Law Firm Essentials by PaperStreet Web Design

The hiring of an attorney is an important decision that should not be based solely on advertisements. Before you decide, ask us to send you free written information about our qualifications and experience. The information contained on this website does not constitute legal advice and is intended for general informational purposes. Also, the information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney client relationship. Also, the information contained on this website is not intended to be an advertisement and any unauthorized use of the information is at the user's risk. Reproduction, distribution, republication and retransmission of any material contained on this website is prohibited without the express written consent of Leiderman Shelomith Alexander + Somodevilla, PLLC.