Through the NHSC student loan repayment program, you’ll receive up to $60,000 toward the balance on your college loans if you successfully complete the program’s two-year service requirement. Two-year half-time commitments also are being sought, in exchange for $30,000 in college loan debt reduction.
Clinicians willing to form a five-year commitment to the program can receive up to $170,000 in college loan debt relief. Eligible applicants who are willing to plan to six or more years of service are eligible to possess the whole balance of all their federal student loans forgiven.
The college loan debt relief offered by the NHSC repayment program applies to federal, state, local, and personal student loans.
Qualifying for the NHSC Student Loan Repayment Program
In order to qualify for repayment through the NHSC program, your loans must are taken out before your enrollment within the program. The program won’t repay student loans that weren’t clearly wont to buy education or loans that weren’t issued by a government or commercial lender (i.e., personal loans).
College loans that have already been repaid; parent loans, like those issued under the federal PLUS parent loan program; personal lines of credit; residency relocation loans; and mastercard balances aren’t eligible for repayment under the NHSC student loan debt relief program.
What Are The Requirements for NHSC Loan Repayment Program?
Surely, just like any other loan forgiveness program, the NHSC loan repayment program has some must-have requirements from its applicants. And not meeting these criteria will prevent you from qualifying for the NHSC loan repayment program.
- You have to be a US national or a US citizen
- You have to be a qualified provider in Medicaid, Medicare, and the Health Insurance Program of State Children
- You have to have adequate license and training to work at an NHSC qualified mental or dental/behavioral health field and primary medical care.
- You have to have student loans that are unpaid. Note that these loans should have been taken before the date you apply for NHSC. Also, you have to use those loans to pay for the educational program relevant to the primary care field you are planning to work on
- You have to be operating at or have gotten a job offer to begin employment at a service place approved by NHSC
On top of the requirements presented above, ensure that you are working in a discipline that is eligible for NHSC for the NHSC LRP program
What Are Qualified Primary Care Disciplines and Specialties?
In order to be eligible for the NHSC program, you must be trained and licensed in one of the disciplines or specialties below.
- Dental Primary Care
- Doctors of Dental Surgery
- Medical Primary Care
- Nurse Practitioners, Osteopathic and Allopathic Physicians, Certified Nurse-Midwives, Physician Assistants.
- Behavioral and Mental Healthcare
- Licensed Osteopathic and Allopathic Physicians, Nurse Practitioners, Health Service Psychologists, Clinical Social Workers, Psychiatric Nurse Specialists, Physician Assistants, Licensed Counselors, and Therapists.
Once you make sure that licensing and training requirements, as well as, general qualification requirements are in place for your case, you should then ensure your loans also qualify for this program.