![]() ![]() The National Health Service Corps (NHSC) Scholarship is not only available to MD/DOs, but also to dentists, NPs, PAs, and DNPs. The National Guard offers the Medical and Dental Student Stipend Program (MDSSP), which requires some time commitment during school and does not provide as much in the way of incentive, but can nonetheless be an excellent option for those wanting to serve part-time and maintain a civilian career. The application process can take a while, especially if there are any issues or roadblocks along the way, so it is best to apply early. This does not include residency training, whether done in a civilian or military residency.Īpplication for the HPSP is completed via a recruiter, for whom the financial aid office or administration will have contact information. Recipients of the HPSP scholarship are sworn in as officers and will be expected to serve, generally, one year on active duty for every year of the scholarship received (“1-for-1”). The Scholarship covers 100% of tuition and supplies, with a stipend given for living expenses every month. Talk to your financial aid office to see if they recommend any tools to help you better manage your debt.Ī significant number of students each year apply for and accept the Health Professions Scholarship Program (HPSP), which is sponsored by the U.S. It’s important to stay on top of your student loans to monitor for any changes. The interest that accumulates while you are in school will be added to the overall loan balance when you graduate. While the second will cover the remainder of costs, it will require a credit check. After your application has been processed, you will likely qualify for two federal loans, the Direct Unsubsidized Loan (6.21%) and Direct PLUS Loan (7.21%). The medical school financial aid application process is similar to that in undergrad-the school’s financial aid office will have a protocol to follow, which includes filling out the Free Application for Federal Student Aid (FAFSA). ![]() According to the AAMC, the average student loan debt in 2014 was $176,348 with close to half (43%) of those accruing more than $200,000. Given the cost of medical school attendance and the difficulty of juggling your education with a part-time job to pay for it, student loans have become the norm. ![]()
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