Medical Education Loan Repayment
Physician supply is a direct result of the number of medical school graduates, but more graduates do not assure an increased supply of primary care physicians.
A lack of interest in primary care fields can be attributed to various social and cultural factors; however, the biggest deterrent for medical students tends to be mere economics. Loan forgiveness programs greatly help medical students choose primary care specialties such as family medicine.
- Provides loan forgiveness and scholarship opportunities to eligible primary care providers who agree to practice in a designated health professional shortage area for a specified period of time.
- Assists employers with recruitment and retention of healthcare professionals at practice sites in health professional shortage areas.
- The MSLRP has successfully placed hundreds of providers, including family physicians, in underserved areas of the state.
- MSLRP receives funding from National Health Service Corps, State of Michigan, and local/private sources; however, the mix depends on the year and the budget environment.
- A state-funded program established in 2019 to expand graduate medical education residency positions in select specialties, including family medicine
- MIDOCs-sponsored residents in the specialties of family medicine, internal medicine, pediatrics, obstetrics/gynecology, psychiatry, and general surgery are eligible for $75,000 in education loan repayment, in return for a commitment to practice in a Michigan rural or urban underserved community for a minimum of two years post-residency
- The number of MIDOCs residency slots each year depends on the amount of state, university, and federal funding
- Primary care medical, dental, and mental/behavioral healthcare professionals can get up to $50,000 in medical education loan repayment assistance in exchange for working a two-year service commitment in an urban, rural, or tribal community with limited access to care
- Both federal and private student loans are eligible for the program
- Allopathic and osteopathic medical students could be eligible for up to $120,000 in loan repayment assistance, payable in four installments of up to $30,000 per year
- In return, students must agree to work for at least three years in full-time clinical practice at a National Health Service Corps approved site
- Awards scholarships to students pursuing eligible primary care health professions training
- In return, scholars commit to provide primary care health services in health professional shortage areas
- Open to healthcare professionals working to combat the opioid epidemic in U.S. rural communities
- Makes loan repayment awards in coordination with the Rural Communities Opioid Response Program (RCORP) from the Federal Office of Rural Health Policy
- Supports the recruitment and retention of health professionals needed in underserved areas to expand access to SUD treatment and prevent overdose deaths
- Open to eligible healthcare professionals who work at a SUD treatment facility with a health professional shortage area score that would ordinarily be too low to qualify for NHSC funding
- Eligible allopathic and osteopathic faculty physicians may be eligible for a maximum of $40,000 in health professional student loan debt over two years, in return for serving at an eligible health professions school
- Forgives the remaining balance on Direct Loans after making 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer (e.g., U.S. federal, state, local, or tribal government or not-for-profit organization)
- Awards up to $40,000 for repayment of student loans in exchange for a two-year commitment to practice in health facilities serving American Indian and Alaska Native communities
- Offers loan repayment in return for developing research programs that reflect an understanding of the variety of issues and problems associated with disparities in health status
- Low-interest loans to full-time, financial-needs students to pursue a degree in allopathic or osteopathic medicine
- Students must enter and complete residency training in primary care within four years after graduation, and practice in primary care for the life of the loan
- Apply through the Army, Navy, and Air Force
- Attend medical school of your choice
- Tuition and monthly is paid for by the U.S. Government
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