Public Service Loan Repayment
The National Health Services Corps, a federal program, provides scholarships for medical school as well as repayment programs for graduates. Those who wish to apply may do so from any state and must agree to work in an NHSC approved medically underserved location for at least two years. Corps members can receive up to $60,000 in loan repayment for two years, and may apply for additional service to continue their debt reduction.
In addition to the NHSC, many states have similar loan repayment programs. Physicians of any specialty with a connection to New York State – those who graduated from a New York State high school, college, or medical school or have done their residency at a New York hospital – are eligible to apply for Doctors Across New York, which will provide up to $150,000 over a five year commitment to work in an underserved area of New York. New Mexico residents may apply for the Health Professional Loan Repayment Program in order to earn up to $35,000 per year towards loan repayment for two years of service in a medical shortage area of New Mexico.
Other states have similar programs for qualifying physicians – find out about other opportunities at www.cirseiu.org/loanrepayment.