The California State Loan Repayment Program helps mental and behavioral health providers who work in designated shortage areas at an approved practice site. Assistance is contingent on a two-year full-time or four-year half-time service commitment, with varying award amounts from $5,000 to $50,000.
Regarding this, can counselors get loan forgiveness?
The College Cost Reduction and Access Act (CCRAA), enacted in October 2007, created the Public Service Loan Forgiveness Program (P.L. 110-84, Title IV, Section 401) for Federal Direct Loan borrowers, including certain mental health and school counselors, who work in public-service fields for 10 years.
Accordingly, can I get my student loans forgiven due to Covid?
No, there is no coronavirus-related loan forgiveness for federal student loans. The U.S. Department of Education and your loan servicer should be your trusted sources of information about official loan forgiveness options. You never have to pay for help with your federal student aid.
Can nurses get their student loans forgiven?
The Nurse Corps Loan Repayment Program repays 60% of your unpaid nursing student loans — whether they’re federal or private — in return for two years of full-time employment. Nurses who work a third year may be able to get an extra 25% of their original balance paid off.
Does working in a hospital qualify for loan forgiveness?
Working in a private practice will disqualify you from public service loan forgiveness, as will working for a for-profit hospital. You must work full-time for the employer so independent contractors or those with part-time hours don’t qualify for public service loan forgiveness.
What is LPC?
An LPC is a licensed professional counselor. LPCs provide mental health services that focus on behavioral, emotional and mental issues in various healthcare settings. Depending on the state, they may be called a licensed clinical professional counselor, licensed mental health counselor or something similar.
What is NHSC repayment?
The National Health Service Corps (NHSC) Loan Repayment Program (LRP) offers primary medical, dental, and mental and behavioral health care clinicians the opportunity to have their student loans repaid, while earning a competitive salary, in exchange for providing health care in urban, rural, or tribal communities with …
What is the Slrp program?
SLRP provides cost-sharing grants to states and territories to operate their own loan repayment programs. These programs offer loan repayment to primary medical, mental/behavioral, and dental healthcare clinicians working in Health Professional Shortage Areas (HPSAs).
What loans are eligible for loan forgiveness?
Eligible Loans: Eligible loans include Federal Direct Stafford Loans (Subsidized and Unsubsidized), Federal Direct PLUS Loans, and Federal Direct Consolidation Loans. Borrowers in the Direct Loan program do not need to consolidate in order to qualify for loan forgiveness.