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Loan Repayment Programs

After graduation, loan repayment programs for registered nurses, advanced practice nurses, and doctoral researchers enable nurses to fulfill their passion for caring for underserved communities in some of the most needed areas of our state and across the country. These programs have competitive application processes and require that awardees work in approved areas in order to receive loan repayment. If awarded, please be sure you completely understand your service obligations and program requirements prior to accepting funding.

Indian Health Service Loan Repayment Program

This Program funds IHS clinicians to repay their eligible health profession education loans - up to $40,000 - in exchange for an initial two-year service commitment to practice in health facilities serving American Indian and Alaska Native communities. Opportunities are based on Indian health program facilities with the greatest staffing needs in specific health profession disciplines. As an LRP participant, you are eligible to extend your contract annually until your qualified student debt is paid.

This loan repayment program is available to BSN and Advanced Practice Nurses. For more information on program eligibility and application deadlines, visit the IHS website.

National Health Service Corps (NHSC)

The National Health Service Corps (NHSC) offers tax-free loan repayment assistance to support qualified health care providers who choose to take their skills where they are most needed. Licensed health care providers may earn up to $50,000 toward student loans in exchange for a two-year commitment at an NHSC-approved site through the NHSC Loan Repayment Program (NHSC LRP).

This loan repayment program is available to Nurse Practitioners and Certified Nurse Midwives.

New Mexico Higher Education Department Health Professional Loan Repayment Program (HPLRP)

The purpose of the HPLRP is to provide repayment of outstanding student loans for practicing health professionals. As a condition of the program, a health professional must make a two-year service commitment to practice full-time in a designated medical shortage area in New Mexico. The HPLRP is a competitive program, and application to the program does not guarantee funding. Preference is given to graduates of New Mexico public post-secondary institutions. All participants are expected to complete their service obligation.

This loan repayment program is available to Advanced Practice Nurses. For additional details and program deadlines, visit the New Mexico HED website.

NIH Loan Repayment Programs (LRPs)

In exchange for a two-year research commitment, the NIH LRPs will repay up to $70,000 in eligible student loan debt to researchers and health professionals conducting qualifying research funded by domestic non-profit or government organizations. If you have questions about the application process, please contact their Information Center, Monday-Friday, from 9:00 AM - 5:00 PM, EST. They can be reached by phone at 866-849-4047 and by email at lrp@nih.gov.

This loan repayment program is available to PhD graduates. To learn more about eligibility and how to apply, visit the NIH website.

U.S. Department of Health and Human Services - Nursing Education Loan Repayments Program (NELRP) and NURSECORPS

NURSECORPS offers registered nurses substantial assistance to repay educational loans in exchange for service in eligible facilities located in areas experiencing a shortage of nurses. Authorized by Section 846 of the Public Health Service Act, (as amended,) the purpose of NELRP is to assist in the recruitment and retention of professional nurses dedicated to providing health care to underserved populations.
This loan repayment program is available to licensed RNs, Advanced Practice Nurses, and nurse faculty. For more information email GetHelp@hrsa.gov, visit the HRSA website, or call 1-800-221-9393.