Through the Army Reserves Health Professionals Student Loan Repayment Program reservee’s have the ability to get some serious money in student loan repayment. This program covers four main programs including Healthcare Professionals Loan Repayment Program (HPLR). Through this program, qualified applicants may qualify for up to $50,000 in student loan assistance. Read more to see how much you may qualify for in student loan repayment assistance as an Army Reserves Health Professional.
For general eligibility for this program, you will need to be a health professional as well as a member of the Army Reserve. If you meet these two prerequisites you may qualify for this program. Along with the above-required prerequisites, you must be enrolled in a program of education that will lead to professional qualifications or you must perform satisfactory service as an officer in the Selected Reserve. This must have been done through the Armed Forces as well as already have professional qualifications.
Additionally, you must be int he health profession that according to the Secretary of Defense has determined is in an area which has been identified as a wartime combat medical skill shortage area.
How much should be expected through his award?
Through this program, you can expect varying amounts of repayment assistance. Please note that the granted amount will vary depending on This program is broken down into a few different categories you can see below:
Healthcare Professionals Loan Repayment Program (HPLR) provides up to $50,000 for the repayment of outstanding education loans to physicians in designated specialties. HPLR is paid over three years with up to $20,000 paid the first two years and up to $10,000 paid in the third year. Medical/Dental Student Stipend Program (MDSSP) provides a monthly stipend of more than $2,000 for medical students currently attending medical school.
Healthcare Professionals Loan Repayment Program (HPLR) provides up to $50,000 for the repayment of outstanding education loans to physicians in designated specialties. HPLR is paid over three years with up to $20,000 paid the first two years and up to $10,000 paid in the third year.
For a full list of information regarding the above-listed programs, please visit the following link.
What Loans Qualify?
The following loans qualify for this program:
• Stafford Student Loans
• Grad PLUS Student Loans
• Consolidation Student Loans
• Perkins Student Loans
• Private Student Loans
*Please note that in order to qualify for this program, the loans used must have been for your health profession’s education expenses.
How to apply?
In order to apply for this program, you will want to head over to the official Army page to see if you are eligible to enroll.