Did you rack up an unimaginable amount of debt attending medical school? Well, there are national and federal programs that help wipe out med school debt once and for all.

They are known as medical school repayment assistance and loan forgiveness programs.

And guess what?

You’re probably eligible!

8 Loan Forgiveness Programs That Help Wipe Out Med School Debt

8 Loan Forgiveness Programs That Help Wipe Out Med School Debt

Medical School Loan Forgiveness: 8 Repayment Programs for Doctors

If your time in college and medical school drove your private of federal student loan debt through the roof, these eight medical school repayment assistance programs may be able to help:

1. Income-Driven Repayment Plan (IDR)

Income-driven repayment plans (IDR) help those with outstanding federal student loans. They are based on your balance, family size and total household income. Apply for an IDR plan, to have your monthly payments reduced, so they’re more affordable.

Loan repayments are generally extended to about 20 to 25-year terms. Payments are based on affordability. And any debt remaining after the 20 to 25-year term is forgiven.

2. Public Service Loan Forgiveness (PSLF)

Do you currently work for a nonprofit organization or government agency? More than likely, if you work at a hospital, you qualify for a Public Service Loan Forgiveness (PSLF) to clear up your federal student loan debt.

Apply for an IDR plan through the PSLF program. If granted, you’ll be required to make on-time payments for 10 years. At the end of the 10-year term, any debt remaining is forgiven.

3. National Health Service Corps Loan Repayment

Are you currently working as a healthcare provider in the dental, medical, behavioral or mental fields? If so, you may qualify for repayment assistance… up to $50,000 to be exact. All you have to do is work in your field within a tribal, rural or urban community as a service commitment.

This repayment program is good for both private and federal student loans.

4. Students to Service Loan Repayment

For those working toward degrees in dentistry, allopathic or osteopathic medicine, this loan offers up to $120,000 in loan repayment assistance. It’s paid out in four installments.

In exchange, you’ll be required to work National Health Service Corps (NHSC) approved full-time clinical practice for no less than three years.


5. Substance Use Disorder Loan Repayment

The Substance Use Disorder Loan Repayment program was launched by NHSC. This is the group’s way to help combat the deadly opioid crisis happening in America. Its goal is to recruit and retain medical professionals within underserved communities.

To qualify, you must work at an NHSC-approved service site. Those who have already accepted employment offers from such facilities also qualify. Recipients get up to $75,000 in repayment assistance as long as they work for these facilities for at least three years.

6. National Institutes of Health Loan Repayment

If biobehavioral or biomedical research is your specialty, your degree pursuit could land you up to $50,000 in loan repayment assistance per year.

The National Institutes of Health (NIH) Loan Repayment program offers the funds in exchange for a commitment to engage in research relevant to NIH’s mission.

7. National Institute on Minority Health and Health Disparities Loan Repayment

Do you hold a doctoral degree? Interested in conducting clinical research or health disparities? Well, if done in a research setting no related to the federal government, you may qualify for assistance from the National Institute on Minority Health.

For two years of committed work, qualified applicants can receive up to $50,000 in loan assistance per year.

8. Indian Health Service Loan Repayment

If you’ve ever thought about providing healthcare within an Alaskan Native or American Indian community, now is the time. Through this loan assistance program, you may receive up to $40,000 to help repay your med school debt.

The key to this program is that you can continue working within these communities until the debt is completely paid off. You simply extend the contract each year.

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