Virginia State Loan Repayment Program – Dental Loan

State of Virginia and Virginia Medical School
Type Loan Forgiveness
Amount $50,000Amount varies based on years of service committment ranging from 2 - 4 years.

Description

The Commonwealth of Virginia offers the Bureau of Health Professions (BHPr), Division of State, Community and Public Health, Virginia State Loan Repayment Program (VA SLRP). This program offers substantial financial assistance for repayment of qualified medical education loans for primary care physicians, psychiatrists, nurse practitioners, and physician assistants. Loans are repaid in return for a minimum of two years of full-time practice of the recipient's specialty in a medially underserved area of Virginia. VA SLRP recipients must serve in a federally designated Health Professional Shortage Area (HPSA) of Virginia.

Allopathic or osteopathic physicians who are in the final year of residency, or have completed residency and are board eligible or are board certified in family medicine, general practice (D.O.), obstetrics/gynecology, internal medicine, pediatrics, or psychiatry are eligible for program participation. Program applicants must not be obligated to any service under an agreement with a federal, state, or other entity.

Primary care nurse practitioners who have achieved the masters degree or a post-baccalaureate certificate, from a school accredited by the National League for Nursing, in the specialties of primary care, family care, primary ambulatory care, primary adult  health care, pediatric care, or women’s health nursing are eligible for program participation. Program applicants cannot owe any obligation for service under an agreement with a federal, state, or other entity.

Primary care physician assistants who have obtained a master’s degree, a post-baccalaureate certificate, a baccalaureate degree, or a certificate from a school accredited by the Committee on Allied Health Education and Accreditation are also eligible for program participation. Applicants must not be obligated to any service under an agreement with a federal, state, or other entity.

This offer is open to physicians, psychiatrists, nurse practitioners and physician assistants who satisfy the criteria stated above whether or not they have started practicing medicine. It is more likely that an applicant with a signed contract will receive a Loan Repayment Program award, over an applicant that is not in practice, yet.

Public and private not-for-profit health care provider organizations that are part of a system of care (that is a service continuum of comprehensive primary care and appropriate arrangements for secondary and tertiary care), in communities that are located in federally designated HPSA are eligible to receive placement of physicians, nurse practitioners, and physician assistants. This requirement is for participates in the VA SLRP program, only.

Benefits and Obligations

The Loan Repayment Programs pay up to $25,000 a year toward the qualified educational loans of program participants. The minimum service obligation is 2 years, during which the maximum payment of $50,000 will be paid the first year. Subsequent extensions of the loan repayment contract are entitled to annual loan repayments of up to $35,000. (The actual amount paid depends on the total amount owed in principal, interest, and loan expenses at the beginning of the period of service.) These benefits are in addition to any salary or compensation received from employment by an authorized program employer.

Eligibility

The following are eligible to apply for participation in the Virginia's Loan Repayment Programs:

Citizens of the United States who:

1) Have a degree in allopathic medicine or osteopathic medicine; or

2) Have a master’s degree or a post-baccalaureate certificate from a school accredited by the National League for Nursing; or

3) Have a master’s degree, a post-baccalaureate certificate, a baccalaureate degree, or a certificate from a school accredited by the Committee on Allied Health Education and Accreditation for physician assistants; or

4) Are enrolled in an approved graduate training program ("residency") in allopathic or osteopathic medicine, nurse practitioner or physician assistant training; or

5) Are enrolled in an accredited educational institution in a state in the final year of a course of study or program leading to a degree in allopathic or osteopathic medicine, nurse practitioner or physician assistant certification.

Eligible individuals must sign and submit an application to participate in Virginia's Loan Repayment Programs and must have completely satisfied any other obligation for health professional service which is owed under an agreement with a federal, state, or other entity, prior to beginning the period of service under Virginia's programs.

Ethnicity

    More Information

    http://www.vdh.virginia.gov/OMHHE/primarycare/incentives/loanrepayment/dental_lrp.htm

    State of Virginia and Virginia Medical School
    109 Governor Street, 10th Floor, 1016 East
    Richmond, VA 23219
    Phone: 804-864-7435
    Fax: 804-864-7440
    Email: nmarrin@vdh.state.va.us