INDIANAPOLIS
(March 1, 2017) - Indiana’s Loan Repayment Assistance Program for Mental Health
and Addiction Professionals is currently accepting applications to provide
loan repayment assistance to eligible psychiatrists, addiction psychiatrists,
psychologists, psychiatric nurses (including psychiatric nurse practitioners),
addiction counselors and mental health professionals. Applications must be
submitted by May 1, 2017, for consideration and are available on the state’s loan repayment website. This is
the third year for this program. In its first two years, Indiana repaid loans
for 129 recipients totaling more than $1.1 million in funding.
Applicants
must meet the following eligibility requirements to be considered for this
program:
- A
recipient must be licensed or on a licensure track.
- A
recipient must be
- An Indiana resident accepting a new position in Indiana,
or
- A non-Indiana resident, who is not currently practicing
and has not practiced in Indiana for 3 years before applying for the
program. These applicants must also be moving to Indiana to
establish a new practice.
- A
recipient must be employed full-time, which is a minimum of 30 hours per
week.
- A
recipient must not be in default on repayment of any federal student
loans.
The program
will award up to 25 percent of the awardee’s student loan debt, not to exceed
$25,000 per year, for up to four years. The exception is for an addiction
psychiatrist who can apply for assistance for up to five years. An
evaluation tool will be used by the Mental Health and Addictions
Development Programs board to determine the awardees.
Visit the loan repayment website for
information or to apply online;
or email DmhaHB1360@fssa.in.gov or call 317-232-7800 with questions.
The Loan
Repayment Assistance Program was approved by the Indiana General Assembly (HB
1360) in 2014 and is managed by the Indiana Family and Social Services
Administration’s (FSSA) Division of Mental Health and Addiction (DMHA).
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