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Loan Repayment Program

Tuesday, April 5, 2011   (0 Comments)
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National Health Service Corps’ Loan Repayment Program

Since 1972, the National Health Service Corps’ Loan Repayment Program has provided educational loan assistance to qualified healthcare clinicians willing to serve in areas experiencing a shortage of primary care. Nurse Practitioners and Nurse Midwives are among the primary care providers who are eligible to participate in this program.

The Loan Repayment program will award a qualified clinician, including Nurse Practitioners and Nurse Midwives, up to $60,000 to be used to retire their educational loans. In exchange for this monetary award, qualified clinicians are expected to serve two years in an area that is currently experiencing a shortage of primary healthcare providers. This award is tax free and is in addition to a healthcare provider’s salary and employee benefits package offered by their employer. Additional years of service, in exchange for additional monetary awards, are available until the healthcare provider’s educational loans are completely paid in full. Underserved areas can be located in urban as well as rural areas.

For more information about this program, please check the NHSC website (www.nhsc.hrsa.gov) or contact Lynn Ann Bishop at 502-564-8966 x3241 or lynn.bishop@ky.gov.

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