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Health Professional Loan Repayment.

The Health Professional Loan Repayment Program is the repayment of outstanding educational loans in exchange for providing primary health care services in areas of need in Missouri. A shortage area means any of the following which the Secretary of Health and Human Services determines has a shortage of health professionals: urban or rural areas, population group, or public or nonprofit private medical facility.

There is a minimum, two-year contract required. The Department provides loan repayment to the following:

* Registered & advanced practice nurses

* Primary care physicians

* Primary care dentists

* Psychiatrists

* Psychologists

* Licensed clinical social workers

* Licensed professional counselors

* Dietitians/nutritionists

Maximum Loan Repayment Amounts:

* $25,000 per year for primary care physicians, dentists, psychiatrists, and psychologists.

* $10,000 per year for primary care advanced practice nurses, licensed professional counselors and licensed clinical social workers.

* $5,000 per year for primary care registered nurses and dietitians/nutritionists.

Qualifications Are:

* Must be a United States citizens

* Must have qualifying employment as stated in Missouri Revised Statute 333.245

* Must be employed at least 40 hours per week, and not more than 8 of those hours per week can be devoted to practice-related administrative activities.

The following are for primary care practitioners only:

* Must provide services to MO HealthNet patients.

* Must enter into an appropriate agreement with the state Children's Health Insurance Program to provide service to children under Title XXI.

* Must provide a sliding fee scale for the uninsured

Missouri Professional and Practical Nursing Student Loan Program Fiscal Year 2007

In June, 2006, there were 182 applications received. A total of 67 applicants were selected to receive loans; 62 were made to RNs (or higher) and 5 loans were made to applicants pursuing a LPN degree. All RN contracts were awarded $5,000 each. All LPN contracts were for $2,500. All funds were used for a total of $322,500 loaned ($310,000 RN/$12,500 LPN).

Missouri Professional and Practical Nursing Student Loan Program Fiscal Year 2008

In June, 2008, there were approximately 190 applications received. A total of 70 applicants were selected to receive loans; 64 were made to RNs (or higher) and 6 loans were made to applicants pursuing a LPN degree. All RN contracts were awarded $5,000 each. All LPN contracts were for $2,500. All funds were used for a total of $335,000 loaned ($320,000 RN/$15,000 LPN).

Missouri Professional and Practical Nursing Student Loan Program Fiscal Year 2009

In June, 2009, there were approximately 143 applications received. A total of 79 applicants were selected to receive loans; 72 were made to RNs (or higher) and 7 loans were made to applicants pursuing a LPN degree. All RN contracts were awarded $5,000 each. All LPN contracts were for $2,500. All funds were used for a total of $357,500 loaned ($340,000 RN/$17,500 LPN).

Missouri Professional and Practical Nursing Student Loan Program Fiscal Year 2010

In June, 2010, there were 181 applications received for the diploma level and above. There were 42 applications received for the LPN level. A total of 79 applicants were selected to receive loans; 72 were made to RNs (or higher) and 7 loans were made to applicants pursuing a LPN degree. All RN contracts were awarded $5,000 each. All LPN contracts were for $2,500. All funds were used for a total of $357,500 loaned ($340,000 RN/$17,500 LPN).
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Publication:Missouri Nurse
Geographic Code:1USA
Date:Dec 1, 2010
Words:569
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