The PA Forward Student Loan Program was designed to help Pennsylvania students and families achieve their goals of funding higher education. This program offers a variety of loan options, including those for both undergraduate and graduate students. The Student Loan Repayment Program by Service (S2S LRP) provides loan repayment assistance to medical students (MD and DO) who are in their final year of study, in exchange for a commitment to providing primary health care services in areas with a shortage of eligible health professionals (HPSA). To help alleviate the financial burden of medical school, the Pennsylvania Medical Society Foundation offers affordable loans with personalized customer service to Pennsylvania residents enrolled in a fully accredited medical school.
The beneficiaries sign agreements in which they commit to start repaying the scholarship loan without guarantee and without interest the year of graduation. Half of the amount will be repaid in four years and the rest in two additional years. Organizations such as Hoover Educational Loan Fund Mega Bank Wealth Management and ASPIRA City College in Philadelphia, Pennsylvania provide low-interest medical and graduate student loans to fulfill their missions, such as encouraging health care providers to practice in a given region or providing health services to underserved communities. The Physician Assistance Program for Rural Areas pays medical education student loan debt to doctors who agree to practice medicine full time in a rural community in Georgia. The loan is forgiven if the student practices in Indiana and interest accrues only if the beneficiary does not practice in Indiana.
Providers interested in obtaining information about their state's education loan repayment program should contact the individual point of contact for the state loan repayment program for information on eligibility and requirements. The State Loan Repayment Program (SLRP) is a federally funded grant program for states and territories that provides cost-sharing grants to help them operate their own state educational loan repayment programs for primary care providers who work in areas of shortage of health professionals (HPSA) within their state. For students living in Philadelphia, PA, there are many options available when it comes to student loan programs. From the PA Forward Student Loan Program to the Student Loan Repayment Program by Service (S2S LRP), there are numerous options available for those looking to fund their higher education. Additionally, organizations such as Hoover Educational Loan Fund Mega Bank Wealth Management and ASPIRA City College offer low-interest medical and graduate student loans. The Physician Assistance Program for Rural Areas also provides assistance with medical education student loan debt for those who agree to practice medicine full time in a rural community.
Finally, the State Loan Repayment Program (SLRP) is a federally funded grant program that provides cost-sharing grants to help states operate their own educational loan repayment programs. For those looking for more information on student loan programs available in Philadelphia, PA, it is important to contact the individual point of contact for the state loan repayment program for information on eligibility and requirements. With so many options available, it is important to research each option thoroughly before making any decisions.