We use cookies to improve security, personalize the user experience,
enhance our marketing activities (including cooperating with our marketing partners) and for other
business use.
Click "here" to read our Cookie Policy.
By clicking "Accept" you agree to the use of cookies. Read less
Understanding the Federal Capital Loan [Public Health]: A Comprehensive Guide
Definition & Meaning
A federal capital loan is a financial loan provided by the Secretary of Health and Human Services to educational institutions, specifically schools that train health professionals. This type of loan is governed by section 744(a) of the Public Health Service Act, as it was prior to October 1, 1977. The funds from these loans must be returned to the Secretary after being used for educational purposes.
Table of content
Legal Use & context
Federal capital loans are primarily used in the context of public health education. They are relevant in legal discussions surrounding educational funding, grants, and health professions training. Users may encounter this term when dealing with student loans or educational grants, particularly in health-related fields. Legal templates from US Legal Forms can assist users in managing related forms and procedures.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
For instance, a medical school may receive a federal capital loan to improve its facilities for training future healthcare providers. This loan would help fund construction or educational improvements, with the understanding that the funds will be repaid to the government. (Hypothetical example.)
Relevant laws & statutes
The primary statute governing federal capital loans is the Public Health Service Act, specifically section 744(a). This law outlines the framework for loans made by the Secretary of Health and Human Services to educational institutions.
Comparison with related terms
Term
Definition
Difference
Federal Student Loan
A loan provided by the federal government to students for educational expenses.
Federal capital loans are specifically for schools, while federal student loans are for individual students.
Health Professions Student Loans
Loans specifically for students in health professions programs.
Health professions student loans are targeted at individual students, whereas federal capital loans are for institutions.
Common misunderstandings
What to do if this term applies to you
If you are involved with a school that may benefit from a federal capital loan, consider consulting legal resources or templates available through US Legal Forms. These can guide you through the application and management processes. If the situation is complex, seeking professional legal advice may be necessary.
Find the legal form that fits your case
Browse our library of 85,000+ state-specific legal templates.