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The loan repayment program works similarly, but students apply for the program after school and the NHSC repays up to $50,000 every two years. There is also the option to work in an NHSC-approved location for five years, which potentially entitles the student to receive $170,000 in loan repayment.
The HPSA designation determines eligibility for numerous federal and state aid programs, including the National Health Service Corps, Nursing Education Loan Repayment Program and Rural Health Clinic Certification.
New Mexico's Health Professional Loan Repayment Act, funded with state and federal dollars, allows health care workers to get their outstanding student loans repaid on a case-by-case basis.
In exchange for financial assistance through National Health Service Corps scholarships and student loan repayment programs, more than 28,000 clinicians have served in some of the most economically deprived and geographically isolated communities in America over the past 35 years.
To date, the Biden administration has forgiven $143.6 billion in student loan debt for 3.96 million borrowers. In addition to relief given to PSLF borrowers, 959,700 borrowers have received $47.3 ...
Temporary Student Loan On-Ramp Repayment Program. To help the transition from the pandemic payment pause to restarting loan payments in October 2023, the Department of Education provided a ...
Similarly, the National Health Service Corps (NHSC) offers up to $50,000 toward loan repayment if licensed health care providers agree to practice for two years in an underserved area. Under the federal NIMHD Loan Repayment Program (LRP) health professionals with doctoral degrees can receive up to $50,000 per year for two years to conduct ...
Student loan borrowers can now apply for what the Biden administration called "the most affordable repayment plan in history."The Education Department this week released an updated beta version of ...