The 2013 Faculty Loan Repayment Program application cycle is now open

[Francisco A Tomei Torres]

The 2013 Faculty Loan Repayment Program application cycle is now open and will close on June 27, 2013. 

• The Faculty Loan Repayment Program provides a lump sum, up to a maximum of $40,000, for a two year service commitment.  In addition, the Program requires a funding match from your health professions school, which helps further reduce your educational debt.
• Faculty Loan Repayment Program participants who have additional qualifying loans once their service commitment is complete may re-apply for another two-year contract in exchange for additional years of service
• The financial assistance offered through the Faculty Loan Repayment Program decreases the economic barriers associated with pursuing a career as a health professions educator preparing the next generation of health professionals. 

Again, all applications are due by 7:30 pm ET on June 27, 2013. 

As in previous years, the Faculty Loan Repayment Program is expected to be competitive. If there are more qualified applicants than available funding, preference will be based upon:  the amount of financial match from the applicant’s school; full-time faculty status; and demonstrated commitment to promoting healthcare careers.

Please visit the Faculty Loan Repayment Program website at http://www.hrsa.gov/loanscholarships/repayment/Faculty/ for more information regarding eligibility and to begin the application process.