Loan-repayment options
Armed Forces Reserve Loan Repayment Program
All branches of the military offer loan-repayment programs which provide for repayment of educational loans in exchange for service in the military. Website: Air Force www.airforce.com, Army www.goarmy.com, Marines www.marines.com, or Navy www.navy.com, National Guard www.nationalguard.com, http://myarmybenefits.us.army.mil/
Army National Guard
Provides monthly stipend in addition to school loan-repayment of up to $40,000 per year for six years and $10,000 the seventh year with a $250,000 lifetime cap to physician assistant students/graduates who are members of the Army National Guard.
Disadvantaged Health Professions Faculty Loan Repayment Program
Health professions faculty from disadvantaged backgrounds. Individuals serve on the faculty of an accredited health professions college or university for 2 years. If accepted, will repay a portion of health professional student loan debt ($40,000 max over two years). In return, you serve at an eligible health professions school.
National Institute on Minority Health and Health Disparities (NIMHD) Extramural Loan Repayment Programs
The National Institutes of Health (NIH) announces a program that provides for the repayment of educational loan debt of health professionals from disadvantaged backgrounds. Individuals who qualify must have an educational loan debt equal to 20% of their income and agree to conduct clinical research as employees of the NIH. Qualified applicants include individuals with a professional or doctoral degree, come from a disadvantaged background, and a non-federal employee at the time of application. The program will pay up to $35,000 per year for two years. Those with a professional or doctoral degree are eligible.
Indian Health Services Loan Repayment Program
The LRP awards loan-repayment to health professionals practicing in specific health profession disciplines who are willing to commit to an initial two-year service obligation while working in health facilities serving American Indian and Alaska Native communities. Up to $40,000 in health profession education loans in exchange for an initial two-year service commitment to practice in health facilities serving American Indian and Alaska Native communities. Eligible applicants include Registered Nurses, Nurse Practitioners and Physician Assistants.
National Institutes of Health Loan Repayment Programs (LRP)
If you commit at least two years to conducting qualified research funded by a domestic nonprofit organization or U.S. federal, state, or local government entity, NIH may repay up to $35,000 of your qualified student loan debt per year, including most undergraduate, graduate, and medical school loans. Loan-repayment benefits are in addition to the institutional salary you receive for your research. Applicants must have a health professional doctoral degree from accredited institution, with one exception: The Contraception & Infertility Research LRP is open to individuals with a doctoral degree, as well as nurses, physician assistants, graduate students, and postgraduate research fellows training in health professions. The amount awarded is equal to one-fourth of the total eligible debt, up to $50,000, for each year of the award.
Northwest Regional Primary Care Association
NWRPCA works closely with the US Public Health Service to promote primary care practice opportunities in underserved areas. Student loan-repayment programs available for Idaho State, Oregon State and Washington State residents.
US Navy Health Professions Loan Repayment Program (HPLRP)
The Health Professions Loan-Repayment Program (HPLRP) provides an incentive to new accessions to enter the Navy, and current active-duty medical personnel to extend their active duty commitment through the payment of professional educational loans. The maximum yearly loan repayment is $40,000, minus ~25% federal income taxes, which are taken out prior to lender repayment.
Washington State Health Professional Loan Repayment
The Health Professional Loan-Repayment program was created to address the critical shortage of health care professionals statewide. The Loan-Repayment program provides loan-repayment assistance to licensed primary care-health professionals. The Scholarship program provides scholarships to students training to become primary health-care professionals. In return, participants in both programs agree to provide primary health care service in rural or underserved urban areas with designated shortages. The Loan-Repayment program provides up to $25,000 per year for the first three years and up to $35,000 per year in the fourth and fifth years.
NHSC Substance Use Disorder Workforce Loan Repayment Programs
To combat the nation’s opioid crisis, HRSA launched the NHSC Substance Use Disorder Workforce Loan-Repayment Program (SUD Workforce LRP). The program supports the recruitment and retention of health professionals needed in underserved areas to expand access to SUD treatment and prevent overdose deaths. Eligible clinicians may receive up to $75,000 in student loan repayment in exchange for a three-year commitment to provide substance use disorder treatment services at NHSC-approved sites.
