The NHSC will pay up to $20,000 ($25,000 with DATA 2000 waiver) for the first additional year of full-time clinical practice defined as no less than 40 hours per week, for a minimum of 45 weeks a year. 2) Half-Time Clinical Practice.
Similarly, are loan repayments taxable?
Personal loans can be made by a bank, an employer, or through peer-to-peer lending networks, and because they must be repaid, they are not taxable income. If a personal loan is forgiven, however, it becomes taxable as cancellation of debt (COD) income, and a borrower will receive a 1099-C tax form for filing.
Consequently, does a nurse qualify for loan forgiveness?
Nurses who work for a nonprofit or the government may qualify for Public Service Loan Forgiveness. … PSLF offers tax-free forgiveness of your remaining federal direct loans after you make 120 eligible payments while working full time for a qualifying employer; private loans are ineligible.
How can I get out of NHSC?
Taking Permanent Leave from Your NHSC Site
If you feel you can no longer continue working at your current NHSC-approved site, discuss the situation and/or concerns with your NHSC-approved site management and contact us immediately through the BHW Customer Service Portal.
The NHSC Loan Repayment Program is competitive. The program plans to offer 2,500 awards to eligible candidates in 2019.
The SLRP is an incentive given to individuals enlisting or re-enlisting in the Army or Army Reserve. In return for a three-year commitment, the military will repay up to $65,000 of your college loans. If the program isn’t offered and accepted by you as a part of your contract, however, you can’t add it on later.
Seventeen million people receive care from nearly 20,000 clinicians serving at NHSC-approved sites in urban, rural, and tribal communities.
HPSAs can be found in rural and urban communities across the nation. In return, the NHSC LRP assists clinicians with repayment of their outstanding qualifying educational loans. By statute, NHSC LRP funds are exempt from federal income and employment taxes.
In return, the NHSC LRP assists clinicians with repayment of their outstanding qualifying educational loans. By statute, NHSC LRP funds are exempt from federal income and employment taxes.
The NHSC scholarship application process is highly competitive. Each year, there are more than 1,800 applications from hundreds of schools from across the country. Approximately 10 percent of the applicants receive the scholarship award.
The following site types are eligible to become NHSC-approved:
- State Prison.
- Centers for Medicare & Medicaid Services Certified Rural Health Clinics (PDF – 1 MB) …
- Critical Access Hospitals (CAH)
- Community Mental Health Centers (CMHC)
- State or Local Health Departments.
- Community Outpatient Facilities.
HPSA Scores are developed for use by the National Health Service Corps to determine priorities for the assignment of clinicians. Scores range from 1 to 25 for primary care and mental health, 1 to 26 for dental health. The higher the score, the greater the priority.
National Health Service Corps (NHSC) Programs: https://nhsc.hrsa.gov. … The NHSC Loan Repayment Program (NHSC LRP) awards up to $50,000 in exchange for a two-year commitment to provide primary medical, dental or mental/behavioral health care at approved sites in high-need, underserved areas.
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 …
Primary Care Medical
|Physicians Allopathic (MD) Osteopathic (DO)||Family Medicine General Internal Medicine General Pediatrics Obstetrics/Gynecology Geriatrics|
|Physician Assistants (PA) Nurse Practitioners (NP)||Adult Family Pediatric Women’s Health Geriatrics|
|Certified Nurse-Midwives (CNM)||N/A|
Applicants must meet specific eligibility criteria: Be a U.S. citizen, U.S. National, or permanent resident. degree (except for the Contraception & Infertility Research LRP). Have qualifying educational debt equal to or in excess of 20 percent of their institutional base salary.