Loan Repayment & Placement
Below lists several funding and scholarship opportunities available to North Carolina-based Family Medicine residents and those currently in practice.
If you have questions regarding these sources, please contact Peter Graber at the NCAFP offices at (919) 833-2110 or by email at email@example.com.
Loan Repayment & Service Programs
NC Medical Society Foundation's Community Practitioner Program - The Community Practitioner Program provides financial assistance to family physicians, physician assistants, and family nurse practitioners in return for service in an underserved community in North Carolina. The Community Practitioner Program is the only North Carolina-based funding source that assists physicians and mid-level practitioners in all areas of the state. Eligibility requirements include practicing in a documented health manpower shortage area, medically underserved area or economically distressed area.
NC Office of Rural Health & Community Care Opportunities - The shortage of primary health care providers in North Carolina is severe, particularly in the State's rural areas. In response to this shortage, the State has pioneered innovative approaches for placing health professionals in its under-served communities. The Office provides practice incentives for primary care providers who serve in underserved areas. Incentives include medical loan repayment and facilitation of the application process for the Federal Loan Repayment Program.
National Institutes of Health Loan Repayment Programs - Research scientists develop treatments and discover cures for diseases and disorders that affect us all. More researchers are needed to meet today’s critical health needs. The NIH Loan Repayment Programs (LRPs) encourage promising researchers and scientists to pursue research careers by repaying up to $35,000 of their qualified student loan debt each year.
National Health Service Corps - The National Health Service Corps Loan Repayment Program provides $50,000 (or the outstanding balance of qualifying student loans if it is less than $50,000), tax free, to primary care medical, dental and mental health clinicians in exchange for two years of service at an approved site in a Health Professional Shortage Area. Upon completion of the service commitment, clinicians may be eligible to apply for additional support for extended service.
Public Service Loan Forgiveness - Public Service Loan Forgiveness is a new program (2008) for federal student loan borrowers who work in certain kinds of jobs. It will forgive remaining debt after 10 years of eligible employment and qualifying loan payments.