Public Service Loan Forgiveness
In 2007, Congress created the Public Service Loan Forgiveness Program to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments on those loans under certain repayment plans while employed full time by certain public service employers. More Information
National Health Service Corps Loan Repayment Programs
The NHSC offers three loan repayment options for primary care providers who work at approved community sites.
Indian Health Service Loan Repayment Program
The Indian Health Service (IHS) Loan Repayment Program (LRP) offers health professionals the opportunity to pay off qualified student loans while assisting the IHS in meeting the staffing needs of Indian health programs. 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.
National Institutes of Health Loan Repayment Programs
NIH offers loan repayment programs to outstanding health professionals who choose to pursue careers in biomedical, behavioral, social, and clinical research. 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.
Washington Student Achievement Council Health Professional Loan Repayment Program
The Health Professional Loan Repayment Program encourages licensed primary care health professionals to serve in Washington’s critical shortage areas. The program provides financial assistance through either conditional scholarships or loan repayment. The loan repayment portion of the program provides educational repayment assistance to licensed primary care health professionals. Applicants agree to provide primary care health care in rural or underserved urban areas with designated shortages.
Other State Loan Forgiveness/Repayment Programs
State governments often provide loan repayment programs as an incentive for service. The Association of American Medical Colleges (AAMC) provides an excellent resource for obtaining information on these programs. In addition, the NHSC provides a chart which shows all states that participate in their State Loan Repayment Program.
Military Health Professions Loan Repayment Program
The HPLRP is available from some branches of the US military. For terms and conditions, please contact a service branch representative.