Loan repayment programs

When embarking on your debt repayment journey, it’s imperative to find programs that might offer to pay a portion of your debt while you work at a specific area for 2-4 years.  

 Here are a few of these programs:

 1. State loan repayment program

MA for example has a program where they pay $ 50,000 towards student loans for eligible health professionals. Find out from your state if you are eligible. Google {your state} loan repayment program! I actually used the MA loan repayment program. You can check out more info featuring my story by reading this article.

2. National Health Service Corps Loan Repayment Program.

They offer up to $50,000 in tax-free student loan repayment eligible health professionals who work at least two years in a Health Professional Shortage Area. Definitely look into this if you work at an FQHC ( Federally Qualified Health Center) or a clinic in a rural area. A few pediatric dentists and pediatricians have been able to have their offices located in a rural area become a federally qualified clinic where they are eligible for loan repayment funds.

 3. Faculty loan repayment program.

They offer up to $ 25,000 towards student loans for eligible docs who teach in schools.

 4. National Institutes of Health Loan Repayment Programs.

They offer up to $50,000 in student loan repayment per year for doctors conducting research for an average of at least 20 hours/week 5. Indian Health Service Loan Repayment ProgramThey offer up to $40,000 in student loan repayment for docs who work for at least two years in communities that serve American Indian or Alaska Native populations.   
This post is for informational and educational purposes only.  Please consult your financial adviser for appropriate financial advice. 


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