Apply Now for Pennsylvania’s Loan Repayment Program
The Pennsylvania Primary Care Loan Repayment Program (LRP) is once again open for business. The LRP provides grant funding (up to $100,000 for physicians and dentists and $up to $60,000 for other professions) for educational loan repayment to primary care practitioners serving medically underserved populations. Following are some critical links and deadlines:
The National Health Service Corps is accepting loan repayment applications now through Feb. 21, 2019. In addition to the usual NHSC Loan Repayment Program (NHSC-LRP), this year there is special funding for clinicians who provide substance use disorder treatment services at NHSC-approved sites. The Substance Use Disorder Workforce Loan Repayment Program (SUD Workforce LRP) offers eligible clinicians up to $75,000 in student loan repayment in exchange for a three-year commitment. For the SUD Workforce LRP, the list of clinicians has been expanded and includes pharmacists, registered nurses, and others. For the best information, refer to the 2019 Application and Program Guidance at the links above. The NHSC will also host an application help webinar on Thursday, Jan. 10, from 2:30 – 3:30 pm. Use this webinar access link (dial-in: 888-950-7563, passcode: 3172361). All FQHCs are automatically eligible employers.
In October 2017 the first Public Service Loan Forgiveness (PSLF) applications were processed. Some of those applications were denied because some or all of a borrower’s payments were not made on a qualifying repayment plan for PSLF. If this happened to you or one of your employees, there’s good news. Loan forgiveness may be available under a temporary opportunity. The Consolidated Appropriations Act, 2018 provided limited, additional conditions under which borrowers may become eligible for loan forgiveness if some or all of the payments they made on their William D. Ford Federal Direct Loan (Direct Loan) Program loans were under a nonqualifying repayment plan for PSLF. The U.S. Department of Education (ED) is referring to this reconsideration as the Temporary Expanded Public Service Loan Forgiveness (TEPSLF) opportunity. If you believe you or an employee fit this description, check out the TEPSLF web page TEPSLF
and read the guidelines. Want to know more about PSLF? Check out the Fed Loan Servicing website.
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