NIH Loan Forgiveness
The National Institutes of Health (NIH) offers several unique opportunities for loan forgiveness in exchange for a two year research commitment. Participants in the NIH programs will receive loan repayment in the amount of $35,000 per year toward their qualifying educational debt. While there are five programs available current students are only eligible to apply for the Contraception and Infertility Loan Repayment Program.
The basic eligibility requirements are:
- Be a U.S. citizen, national, or permanent resident of the United States;
- Be a qualified health and/or allied health professional including, but not limited to, physicians, Ph.D.-level scientists, nurses and physician assistants, as well as graduate students and postgraduate research fellows training in the health professions;
- Have total qualifying educational loan debt equal to or in excess of 20 percent of your annual income or compensation ("debt threshold"), as applicable, on the expected date of "program eligibility".
- Be engaged, at the time of participation in the CIR-LRP, in employment/training at an NICHD intramural laboratory or in a qualified domestic non-profit institution (tax-exempt under 26 USC 501).