| NIH Awards 1,400 New Student Loan Repayment Contracts
Bethesda, Maryland The National Institutes of Health
(NIH) reported today that it has awarded student loan repayment
contracts to more than 1,400 health researchers across the nation
in Fiscal Year 2004.
This brings the total number of awards to over 3,200 since Fiscal Year 2002, the first year NIH implemented the loan repayment programs nationwide. The 1,407 new contracts for Fiscal Year 2004 totaled nearly $68 million, averaging $48,300 each. Loan repayment is competitively awarded to health professionals who commit to engage in research careers.
Over half of the awards were to researchers who completed their
doctoral degrees within the past five years. In addition, more than
40% of the awardees hold M.D. degrees, 34%, Ph.D degrees, 9%
M.D./Ph.D. degrees, and 7%, other doctoral degrees.
The NIH Loan Repayment Programs can repay up to $35,000 of qualified
educational debt for health professionals pursuing careers in clinical,
pediatric, contraception and infertility, or health disparities
research. The programs also provide coverage for Federal and state
Applications are currently being accepted online at www.lrp.nih.gov.
Eligible applicants must possess a doctoral-level degree, devote
50% or more of their time to research funded by a non-profit
organization or government entity (federal, state, or local), and
have educational loan debt equal to or exceeding 20% of their
institutional base salary. U.S. citizens, permanent residents, or
U.S. nationals may apply. The online application closes on December
15, 2004 at 8 PM EST.
“The NIH Loan Repayment Programs is one of our nation’s
most significant efforts to ensure a solid foundation of clinical,
pediatric, contraception and infertility, and health disparities
research professionals for the next generation,” says Ruth
Kirschstein, M.D., Senior Advisor to the Director, NIH. “These
programs provide a means for health professionals to launch their
research careers unfettered by the burden of student loan debt.”
The five NIH Loan Repayment Programs are the Clinical Research
LRP, Clinical Research for Individuals from Disadvantaged Backgrounds
LRP, Contraception and Infertility Research LRP, Health Disparities
LRP, and Pediatric Research LRP.
NIH LRP Awards
|Clinical Research LRP
|Pediatric Research LRP
|Health Disparities Research LRP
|Clinical Research for Individuals from
Disadvantaged Backgrounds LRP
|Contraception & Infertility Research LRP
|Table 1: LRP awards increased by 17.5% in Fiscal Year 2004