Wednesday, September 1, 2010

NIH will pay your student loans

For some reason this is a well-kept secret, but NIH has several programs that will assist you with payment of your student loans. One program is currently accepting applications through November 15th. The NIH Extramural Loan Repayment Program is open to researchers in biomedical and related sciences. The five LRP options that are currently accepting applications include:
  1. Clinical Research
  2. Health Disparities Research
  3. Pediatric Research
  4. Clinical Research for Individuals from Disadvantaged Backgrounds
  5. Contraception and Infertility Research
These programs have specific eligibility requirements. You must be currently conducting specific types of research at a U.S. nonprofit institution. Read the instructions and eligibility requirements carefully. If you are lucky enough to receive an LRP award from NIH, it will pay up to $35,000 per year of your qualified student loan debt. For that kind of financial assistance, it is worth filling out the application!

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