Loan Repayment/Forgiveness Programs


Indian Health Service Loan Repayment Program

Physicians are eligible to receive up to $20,000 per year in health professions educational loan repayment when working for the IHS. IHS will pay an additional 20% to the IRS to offset increased tax liability.

The IHS Program pays toward the participant's qualified government and commercial health professions educational loans.

A two-year service commitment is required.

IHS is recruiting physicians in the following categories: obstetrics/gynecology, psychiatry, internal medicine, family medicine, and pediatrics.

For more information contact:

Indian Health Service Loan Repayment Program
801 Thompson Ave., TMP Suite 450A
Rockville, MD 20852
Phone: (301) 443-3396
www.ihs.gov/loanrepayment/


Minnesota Rural Physician and Minnesota Urban Physician Loan Forgiveness Program

The Minnesota Higher Education Coordinating Board uses money from the Minnesota Rural Physician Education Account to establish a loan forgiveness program for primary care medical residents (family medicine, pediatrics, internal medicine, obstetrics/gynecology, and psychiatry) who agree to practice in a designated rural/urban area for at least three of their first four years after residency. Applications must be submitted by applicants while in residency. Application deadline is December 1st.

Loan Forgiveness: The Board may accept up to 6 participants per year depending on state funding. Applicants chosen to participate in the loan forgiveness program may designate for each year of medical school, up to a maximum of four years, an agreed amount (current yearly award approximately $25,000) as a qualified loan. For each year that a participant serves as a physician in a designated rural or underserved urban area, up to a maximum of four years, the Board shall annually pay an amount equal to one year of qualified loans and the interest accrued on these loans.

For further information contact:

Will Wilson
Office of Rural Health and Primary Care
PO Box 64882
St. Paul, MN 55164
Phone: (651) 201-3870
Email: will.wilson@state.mn.us
www.health.state.mn.us/divs/orhpc/funding/loans/


Minnesota State Loan Repayment Program

The program is similar to the NHSC Program, but it only provides loan repayment for Primary Care Physicians. Physicians may receive up to $20,000 per year in loan repayments through the Minnesota State Loan Repayment Program. It is funded, in part, by a grant from the NHSC, matching funds from the Minnesota Legislature. The program creates five slots for Primary Care Physicians (internal medicine, family medicine, obstetrics/gynecology, pediatrics, psychiatry, and geriatrics) who agree to practice a minimum of two years at an approved site.

For complete information contact:

Debra Jahnke
Office of Rural Health and Primary Care
PO Box 64882
St. Paul, MN 55164
Phone: (651) 201-3845
Email: debra.jahnke@state.mn.us
www.health.state.mn.us/divs/orhpc/funding/loans/


Wisconsin Health Professions Loan Assistance Program

Physicians may receive up to $50,000 in educational loan repayment if they are primary care physicians (family medicine, general internal medicine, pediatrics, psychiatry, and obstetrics/gynecology) who agree to practice in designated medical shortage areas of Wisconsin for three years.

For complete information contact:

Wisconsin Office of Rural Health
310 N. Midvale Blvd., Suite 301
Madison, WI 53705
Phone: (608) 261-1883
www.worh.org/loan-repayment


For information on other State Loan Repayment programs:

https://services.aamc.org/fed_loan_pub/


National Health Service Corps Loan Repayment Program

Physicians may receive repayment of up to $60,000 in health professions educational loans through the National Health Service Corps Loan Repayment Program (NHSC-LRP) for a 2-year service commitment. $170,000 in repayment is allowed for a 5-year service commitment. In exchange for loan repayment, participants are obligated to serve full-time upon completion of training at a designated NHSC-LRP site of their choice.

The program pays toward the participant's qualified government and commercial health professions educational loans for each year of full-time salaried service. The loan repayments are exempt from gross income and employment taxes. These funds are not included as wages when determining benefits under the Social Security Act.

Selection is based on the staffing needs of the NHSC. For physicians, priority for selection will be given to those who have completed residencies in the following: family medicine, obstetrics/gynecology, pediatrics, psychiatry, geriatrics, or internal medicine. Service commitments are from two to four years to provide primary care services. Applicants must have a valid license to practice in the assigned state at the time of service. U.S. citizenship is required.

For applications contact:

NHSC Loan Repayment Program
Application and Award Branch
5600 Fishers Lane, Room 8-37
Rockville, MD 20857
Phone: 1-800-221-9393
http://nhsc.hrsa.gov/loanrepayment/

For information on MN participation contact:

Debra Jahnke
Minnesota Department of Health
Office of Rural Health and Primary Care
Phone: (651) 201-3845
Email: debra.jahnke@state.mn.us


National Institutes of Health Loan Repayment Programs

National Institutes of Health Loan Repayment Programs (LRPs) will repay up to $35,000 a year of qualified educational debt for health professionals pursuing careers in clinical, pediatric, or health disparities research. The programs also provide coverage for federal and state tax liabilities.

Applicants must have a doctoral-level degree, conduct research for an average of 20 hours/week, and have educational debt equaling at least 20% of their institutional base salary. U.S. citizens, U.S. permanent residents, or U.S. nationals may apply.

The NIH Loan Repayment Programs are a vital component of our nation's efforts to attract health professionals to research careers in areas of national need. The programs are the Clinical Research LRP, Pediatric Research LRP, Clinical Research for Individuals from Disadvantaged Backgrounds LRP, and Health Disparities Research LRP.

Contact www.lrp.nih.gov for further information and to apply online, or call 1-866-849-4047.

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