Loan Repayment

akoster · Oct 31, 2006

My friend did it. We live and work very rural arizona. She is going to sign up again to get more loans repayed.

RNtoretired · Oct 31, 2006

I can tell you that if you do not mind a rural comunity then you will love it. If you are a big city person that needs to have the city life scene then you will hate it. I really believe it is that simple. I think you should look further into it because there are a lot of great towns that offer a lot of great things. Keene NH was a rocking city but it would be considered rural. It was near skiing and all kinds of outdoor stuff. Below is some of the outline of the law.

Sec. 68c.5 Who is ineligible to participate?

The following individuals are ineligible for CIR-LRP participation:

(a) Persons who are not eligible applicants as specified under

Sec. 68c.3;

(b) Persons who owe an obligation of health professional service to

the Federal Government, a State, or other entity. The following are

examples of programs which have a service obligation: Physicians

Shortage Area Scholarship Program, National Research Service Award

Program, Public Health Service Scholarship, National Health Service

Corps Scholarship Program, Armed Forces (Army, Navy, or Air Force)

Professions Scholarship Program, Indian Health Service Scholarship

Program, National Health Service Corp Loan Repayment Program, and NIH

loan repayment programs.

Hope that helps a little.

cgfnp · Oct 31, 2006

I can tell you that if you do not mind a rural comunity then you will love it. If you are a big city person that needs to have the city life scene then you will hate it. I really believe it is that simple. I think you should look further into it because there are a lot of great towns that offer a lot of great things. Keene NH was a rocking city but it would be considered rural. It was near skiing and all kinds of outdoor stuff. Below is some of the outline of the law.
Sec. 68c.5 Who is ineligible to participate?
The following individuals are ineligible for CIR-LRP participation:
(a) Persons who are not eligible applicants as specified under
Sec. 68c.3;
(b) Persons who owe an obligation of health professional service to
the Federal Government, a State, or other entity. The following are
examples of programs which have a service obligation: Physicians
Shortage Area Scholarship Program, National Research Service Award
Program, Public Health Service Scholarship, National Health Service
Corps Scholarship Program, Armed Forces (Army, Navy, or Air Force)
Professions Scholarship Program, Indian Health Service Scholarship
Program, National Health Service Corp Loan Repayment Program, and NIH
loan repayment programs.
Hope that helps a little.

I'm already in it. It is great practice if you like rural. And a hell of a way to get out of debt, especially if yours is large (up to $85,000 for 3 yrs).

There are some surprises along the way that everyone should be aware of if thinking of signing up. I just found out a big one today. They tell you up front that you can transfer to another facility if the score is the same or higher need. Now that I'm in I looked into transfer to help a friend who just got Dx w/ Thyroid Cancer and they tell me unless you're fired you can't transfer. Nice of them, eh? It was probably in some fine print somewhere... but I sure missed it if it was.

shelebelle · Nov 8, 2006

II also have a few questions about repayment programs. I'm curious about how the pay compares in these kinds of programs, since it's incredibly difficult to find info on salaries. If the pay is a little lower, it could be worth it, but if it significantly lower, perhaps not. I'm definitely interested, but a little scared about the options. Also, I know you don't have complete control over where you end up, but do you have much choice in the matter?

cgfnp · Nov 8, 2006

II also have a few questions about repayment programs. I'm curious about how the pay compares in these kinds of programs, since it's incredibly difficult to find info on salaries. If the pay is a little lower, it could be worth it, but if it significantly lower, perhaps not. I'm definitely interested, but a little scared about the options. Also, I know you don't have complete control over where you end up, but do you have much choice in the matter?

Depends on the area. Many are very low payers, but some will negotiate a productivity bonus that can get you $90-$100K/yr for seeing 20+ patients/day. If you see a low salary around 60K/yr, see if they'll talk about a productivity clause. If not, tell them good luck, they're gonna need it. Whatever you negotiate, add up to $25,000/yr for the first two years and up to $35,000 for the third if you have that much in student loans.