Loan repayment assistance for doctors and other health care professionals

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06FebOctober 3, 2019

Loan repayment assistance for doctors and other health care professionals

While pursuing a career in pharmacy can lead to a six-figure salary, it can also lead to six-figure student loan debt .

Doctors have a number of loan forgiveness options. A lot of these programs awards money to other health care professionals, such as pharmacists. To learn more Click on the following link: https://bhw.hrsa.gov/loansscholarships

Comments (3)

I’m a nurse. Do I qualify for Public Service Loan Foefiveness?

December 5, 2019

Hello
Reply
- Hello,
  
  To qualify for PSLF, you must be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization;
  work full-time for that agency or organization;
  have Direct Loans (or consolidate other federal student loans into a Direct Loan);
  repay your loans under an income-driven repayment plan; and
  make 120 qualifying payments.
  
  December 31, 2019
  
  admin
  Reply
- Hello,
  
  Yes. In most cases nurses do qualify for PSLF.
  Qualifying employment for the PSLF Program isn’t about the specific job that you do for your employer. Instead, it’s about who your employer is. Employment with the following types of organizations qualifies for PSLF:
  
  Government organizations at any level (U.S. federal, state, local, or tribal)
  Not-for-profit organizations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code
  Serving as a full-time AmeriCorps or Peace Corps volunteer also counts as qualifying employment for the PSLF Program.
  
  The following types of employers do not qualify for PSLF:
  
  Labor unions
  Partisan political organizations
  For-profit organizations, including for-profit government contractors
  Contractors: You must be directly employed by a qualifying employer for your employment to count toward PSLF. If you’re employed by an organization that is doing work under a contract with a qualifying employer, it is your employer’s status—not the status of the organization that your employer has a contract with—that determines whether your employment qualifies for PSLF. For example, if you’re employed by a for-profit contractor that is doing work for a qualifying employer, your employment does not count toward PSLF.
  
  Other types of not-for-profit organizations: If you work for a not-for-profit organization that is not tax-exempt under Section 501(c)(3) of the Internal Revenue Code, it can still be considered a qualifying employer if its primary purpose is to provide certain types of qualifying public services. However, in our experience, few organizations meet these criteria.
  
  February 12, 2020
  
  admin
  Reply

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